Reliance Industries, Saudi Aramco to Re-Evaluate Planned Business Tie-Up

SINGAPORE—Reliance Industries Ltd. and Saudi Aramco are re-evaluating the planned $15 billion investment by the Saudi state-owned company in the Indian conglomerate’s oil-to-chemicals business.

The decision to “mutually” re-evaluate the investment stems from Reliance’s greater push to enter new-energy and materials business, the company said late Friday.