Page 2 - Reliance Industries

No windfall tax on diesel, ATF exports from Reliance SEZ refinery

The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries Ltd's SEZ refinery due to judicial rulings, a senior official said on Thursday. Effective March 26, the government revised fuel levies, reintroducing export duties of Rs 21.50 per litre on diesel and Rs 29.50 per litre on ATF, while keeping petrol exports exempt. The move coincided with a Rs 10 per litre cut in excise duty on petrol and diesel. Initially, it was not clear if exports from Reliance's special economic zone (SEZ) refinery - one of the largest contributors to India's refined product exports - would retain exemptions similar to those under the 2022 windfall tax regime. "As per judicial prouncements on this issue, the special additional excise duty and additional excise duty are not applicable on SEZ refineries," Jainendra Singh Kandhari, Joint Secretary in the Tax Research Unit (TRU-1) of the Department of Revenue, said at a media briefing. The government .

ATF, LPG price hikes to pressure OMC margins; IOCL, BPCL hit: Nomura

Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)

Diversify and grow: Indian businesses expand beyond home turf, face risks

While horizontal expansion fuels growth and domestic dominance, these capital-intensive ventures often lack immediate returns, risking resource dilution and a loss of global strategic focus

India's fuel exports drop amid European Union sanctions, West Asia war

Latest sanctions by EU banning imports of fuels made from Russian crude oil from January has hurt India's sales, say industry sources

Airtel, M&M, HCL Tech: 12 Nifty stks form 'Death Cross' on charts in March

Technical charts show that Nifty and its 12 stocks including Infosys, Reliance, Bharti Airtel, Asian Paints, HCL Tech and Bajaj Finance saw their 50-DMA slip below 200-DMA amid March market crash.

Street signs: Bank-backed brokers may regain edge, IPO pipeline stalls

Selloff knocks India out of $200-billion club, hits top firms; broker dynamics shift and IPO activity slows amid rising market volatility

'Reliance SEZ export duty clarity key under govt's fuel tax overhaul'

The applicability of newly reimposed export windfall taxes on shipments of diesel and ATF from Reliance Industries' SEZ refinery remains the key uncertainty, following India's fuel duty overhaul, with significant implications for refining margins and government revenues, according to analysts. Under the revised framework, effective March 26, India has imposed export duties of Rs 21.50 per litre on diesel and Rs 29.50 per litre on aviation turbine fuel (ATF) while keeping petrol exports exempt. This came alongside a Rs 10 per litre cut in excise duty on petrol and diesel. However, it is not yet clear whether exports from Reliance's special economic zone (SEZ) refinery, which accounted for a large share of India's refined product exports, will continue to enjoy exemptions, as they did under the 2022 windfall tax regime, UK's Investec said in a note. Reliance owns and operates two refineries at Jamnagar in Gujarat - a 33 million tonnes per year unit catering to the domestic market and

RIL share price tumbles 4%; govt's export duty on fuel spooks investors

RIL shares fell 4% after the govt imposed export duty on petrol and diesel. Here's why it impacts margins, stock outlook, and what analysts recommend.

HC junks plea seeking CBI probe against RIL over illegal gas extraction

The Bombay High Court on Friday dismissed a petition seeking a CBI probe against Reliance Industries Limited and its chairman and managing director Mukesh Ambani for alleged unlawful extraction of natural gas from ONGC's Krishna-Godavari basin fields. A bench of Chief Justice Shree Chandrashekhar and Justice Suman Shyam refused relief to the petitioner Jitendra Maru who had sought registration of an FIR for the offences of theft, dishonesty, misappropriation and criminal breach of trust. A copy of the order was not yet available. As per Maru, RIL allegedly engaged in a "massive organized fraud" from 2004 to 2013 by drilling sideways from its contracted deep-sea wells into the adjacent Oil and Natural Gas Corporation (ONGC) wells, thus illegally extracting natural gas. The petition claimed that the ONGC had discovered this alleged unauthorised extraction in 2013 and had reported it to the Government of India. Maru in his plea relied on an independent investigation conducted by ...

RIL share price tumbles 4%; govt's export duty on fuel spooks investors

RIL shares fell 4% after the govt imposed export duty on petrol and diesel. Here's why it impacts margins, stock outlook, and what analysts recommend.

Stocks to Watch today, Mar 27: Oil stocks, UltraTech Cement, Infosys, Ola

Stocks to Watch today, March 27, 2026: BPCL, IOCL, Oil India, RIL, and others will be in focus; here's why

RIL denies reports of company buying Iranian crude supplies

Earlier this week, a Reuters report said Reliance had purchased over 5 million barrels of Iranian crude from the National Iranian Oil Company, though delivery timelines remained unclear

Supreme Court upholds state's right to withdraw power duty exemptions

Supreme Court overturns Bombay High Court rulings granting electricity duty relief to industries, affirming State's authority to modify fiscal exemptions

Reliance buys 5 million barrels of Iranian oil after US waiver: Report

The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea

Datanomics: Tracking India's overseas investments amid record commitments

India's overseas investments hit a decade high, led by equity flows and major bets like Reliance's proposed US refinery

Stocks to Watch today, March 17: RIL, Tata Motors, Sun Pharma, RVNL, GMDC

Stocks to Watch today, March 17: Reliance Industries, Tata Motors, Sun Pharma, RVNL, GMDC, RailTel, and Sagar Cements are among the top stocks to watch today

Reliance signs $3 billion green ammonia supply deal with Samsung C&T

RIL signed a binding long-term agreement with South Korea's Samsung C&T to supply green ammonia for 15 years

Systematix prefers RIL, Petronet LNG, Gulf Oil as crude scales $100/bbl

The brokerage noted that upstream players benefit from stronger realisations, while integrated players, such as Reliance, can be supported by stronger refining and petrochemical economics

Strait of Hormuz blockade: Can it lift Reliance Industries' O2C earnings?

Motilal Oswal has reiterated 'Buy' with a target of ₹1,750, noting that if current supply disruptions persist through the first half of FY27, there could be an 8.5 per cent upside to RIL's Ebitda

Energy shares gain in weak markets amid crude spike; Nifty Energy up 2%

As many as 34 out of the 40 constituent stocks were trading in the green, while six were in the red