Four US firms on RIL’s radar

Reliance Industries Ltd, which is eyeing multi-fold growth and a more widespread global footprint, is targeting US oil refining & marketing companies like Tesoro Corp, Delek US Holdings, Sunoco Inc and Valero Energy Corp for possible acquisition, says Macquarie Research in a new report. The acquisition target so far doing the rounds was troubled petrochemical major LyondellBasell, which is going through a reorganisation under the protection of a US court.