Shares of the company reacted positively to the news and were trading at Rs 109.60, up 2.72 per cent in the late afternoon trade on the BSE.

Last month, the boards of RIL and RPL had approved the merger of both the entities which created one of the largest petrochemical firms of the world.

Poll

Who will win the Punjab Elections?

BJP 32.86%

AAP 41.43%

INC 25.71%

Submit

View All In Poll

"RPL refinery has achieved startup and successful stabilisation of its operations within a short period of time. The proposed merger with RIL would lead to a globally competitive and industry leading refining business and create sustainable value for shareholders," RPL Chairman Mukesh Ambani said.

During the quarter, RPL had commissioned a SEZ refinery at Jamnagar with a capacity of processing 3.6 million tonnes of crude.