The oil refining giant said that it is assessing the implications of restrictions and sanctions by the EU, the UK and the US on crude oil imports from Russia
A team from Reliance has travelled to China to speed up the work, one of the sources said
US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Ambani's Reliance Industries Ltd - India's largest buyer of Russian crude, accounting for roughly half of the country's 1.7 million barrels per day of imports from Moscow - may however have to recalibrate its imports as it buys crude oil directly from Russia's Rosneft, they said. Reliance had in December 2024 signed a term deal with Russia's Rosneft - now sanctioned - to import as much as 500,000 barrels per day of Russian oil for 25 years. It also buys oil from intermediaries. The company did not immediately respond to
Reliance, which operates the world's largest refining complex at Jamnagar in Gujarat, has a long-term deal to buy nearly 500,000 bpd of crude oil from Russian major Rosneft
While Reliance's typical diet does include crude from the region, the recent spurt of buying was more active than usual
Sensex today | Stock Market LIVE Updates, Monday, October 20, 2025: BSE Sensex ended at 84,363.37 levels, up 411.18 points or 0.49 per cent.
RIL reported a consolidated net profit of ₹18,165 crore in Q2FY26, up 9.7 per cent year-on-year (Y-o-Y) but down 32.7 per cent quarter-on-quarter (Q-o-Q) from ₹26,994 crore in Q1FY26.
In the past, Reliance had seen a gap-up open post Q4FY25 results in April following which the stock rallied over 19% in the next three months. Here's a trading strategy at current levels.
Stocks to watch on October 20: Dixon Tech, PNB and IndusInd Bank are among tother top stocks to track today.
Broad-based consumer demand reloads growth prospects and puts the stock back in analysts' baskets
Reliance Industries will commence solar power generation in the first half of the next financial year from its mega renewable energy project in Kutch, Gujarat, a site spread over an area nearly three times the size of Singapore. The project is part of the oil-to-telecom conglomerate's broader push towards clean energy and achieving net-zero carbon emissions by 2035. In an investor presentation post announcement of its second quarter earnings, Reliance said project development across the 5,50,000-acre site in Kutch is progressing well, with engineering and feasibility studies completed, and the site is currently in various stages of land development. "Expected to start commissioning solar generation during the first half of the next year for captive requirements plus green fuels production," it said. Four years ago, Reliance Chairman and Managing Director Mukesh Ambani announced a USD 10 billion investment in a 'new energy' business. That was seen as a notable change of tide, given
Reliance benefited from benign raw material and crude oil prices
Equity indices rally on banking gains, Reliance support, and renewed FII interest; both Sensex and Nifty now within 2 per cent of record highs
Reliance Consumer Products Ltd (RCPL), fast-moving consumer goods business of the Reliance group, on Friday said its gross revenue reached Rs 9,850 crore in the first half of the ongoing fiscal. In the December quarter, its gross revenue was at Rs 5,400 crore, said RIL CFO V Srikanth during the financial results presentation. "Our FMCG business has 2X growth on a YOY basis for H1. Q2 was Rs 5,400 crore of top line. So its pretty strong growth," he said. Srikanth further said main brands of RCPL, including its beverages business Campa and in-house brand Independence, the volume growth is pretty substantial. "Both are seeing very strong market share gains and as we are expanding the supply chain," he said. General trade contributes almost 75 per cent of sales. "We are doing a lot of on-the-ground activations to basically for the purpose of brand building and making the push through the trade channel. We have signed up several MOUs for food parks and looking up setting up manufactur
RIL's revenue from operations increased to Rs 2.59 trillion from Rs 2.35 trillion in the July-September quarter
Sensex Today | Stock Market LIVE updates, Oct 17, 2025: In the broader markets, the Nifty MidCap 100 and SmallCap 100 settled lower by 0.57 per cent and 0.05 per cent, respectively
JP Morgan, in a recent report, said that RIL's consumer businesses are set to drive nearly all of the group's earnings growth in the coming years
Q2FY26 company results: JSW Steel, REC, Polycab India, L&T Technology Services, Tejas Networks, and Dixon Technologies are also to release their July-September quarter earnings reports today
Leading the list is GNG Electronics (Target: ₹482 | Upside: 52%), named by Nirmal Bang, which expects robust growth as the company benefits from the govt's 'Make in India' thrust on electronics mfg.
Around 7:20 AM, GIFT Nifty futures were down 41.6 points at 25,614.5, indicating a negative start.