RELIANCE INDUSTRIES Spreading Wide With the merger of Reliance Industries and Reliance Petroleum, the group has emerged as a fully integrated energy company with operations in oil and gas exploration and production, refining and marketing, petrochemicals, power and textiles besides creating the largest private sector company on all financial parameters. The company made a strategic move by acquiring 26 per cent equity stake in Indian Petrochemicals Corporation( IPCL) a leading public sector company. This will help it to attain global leadership in terms of asset base, revenues, profitability, production volumes, market share as both serve the same customer base in domestic as well as export market. While production has increased significantly, steps have been taken to optimise process conditions.