Win-win for India's biggest co

Asian Age

Saudi Aramco has a voracious appetite for India as it is a country where the consumption of the fossil fuel is rising.

It's a win-win situation for India's richest man and his company. Given the scenario now, with most major industrialists facing debt/liquidity issues, Reliance Industries Ltd may have done a smart thing in selling a 20 per cent stake in its refining and petrochemical business, while also tying up with BP for the fuel retail business for close to a $1 billion FDI. Saudi Aramco has a voracious appetite for India as it is a country where the consumption of the fossil fuel is rising.

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