RIL may focus on consumer business in AGM

The 45th Annual general meeting of Reliance industries may be held in the next few weeks with some experts believing the company may revive a plans of an oil to chemicals demerger which was shelved last year. The company may also spell out  its future plans for the retail and telecom businesses that operate as separate units, namely jio platforms and Reliance Retail Ventures, respectively. It could also make further announcements in green energy sector expert said.RIL had decided against proceeding with the demerger of its oil to chemicals business last year. But the company could revive the plan this year given the favourable environment that prevails  currently. Last week JP Morgan said that RIL remind among the best position to address the need for refined products across the world.RIL remains among the best positioned refineries globally given its ability to buy and process arbitrage barrels a diesel heavy slate and an export focus .