Reliance Buys Venezuelan Oil Why Paying More May Help India

By BPN News Desk February 6, 2026

Op-Eds Opinion

Reliance Industries recently bought about 2 million barrels of Venezuelan oil after nearly a year without such imports. The cargo comes at a smaller discount than Russian oil, meaning India is knowingly paying more per barrel than it has been used to since the Ukraine war reshaped global energy

Business

Reliance Says No Russian Oil Expected in January

By BPN News Desk January 6, 2026

Reliance Industries Ltd has said it has not received any Russian crude oil in the last three weeks and does not expect any deliveries from Russia during January. The company issued a clarification after reports claimed that tankers carrying Russian crude were heading to its Jamnagar refinery in Gujarat. Statement on Crude Procurement Reliance said […]

Business

Reliance Shares Hit Record High for Fourth Session

By BPN News Desk January 5, 2026

Shares of Reliance Industries Ltd continued their upward momentum for the fourth consecutive trading session, touching a fresh record high during intraday trade. The stock gained amid strong investor interest, even as broader equity markets remained volatile. Reliance remains India’s most valuable listed company by market capitalisation. Strong Buying Interest Seen Market

Business

RIL–Government KG-D6 Dispute Nears Resolution

By BPN News Desk December 28, 2025

A long-running dispute between Reliance Industries Ltd and the Government of India over the KG-D6 offshore gas block is expected to reach a settlement in 2026, nearly 13 years after it began. The case involves a claim of about $247 million raised by the government, linked to cost recovery and profit-sharing under the production-sharing contract […]

Business Industry

Reliance Resumes Russian Crude Buys for Jamnagar

By BPN News Desk December 25, 2025

Reliance Industries Ltd has restarted purchases of discounted Russian crude oil after a pause following U.S. sanctions on major Russian producers. The Indian energy and petrochemicals company is sourcing barrels from suppliers not subject to sanctions and routing them to its refinery complex in Jamnagar, Gujarat. US Concession Allows Wind-Down The company has also obtained

Business

Reliance Group Distances Itself From RCom Asset Attachments

By BPN News Desk November 21, 2025

The Reliance Group led by Anil Ambani has issued a statement distancing itself from the assets recently attached by the Enforcement Directorate. The group said the properties involved belong to Reliance Communications (RCom), a company that was separated from the group years ago and is currently under insolvency proceedings. ED Action And Asset Details The […]

National

Reliance Vows To Comply With Western Russia-Oil Sanctions

By BPN News Desk October 25, 2025

In a Sunday statement, Indian energy giant Reliance Industries Ltd confirmed that it will abide by sanctions imposed by the United States, United Kingdom and European Union on Russia, while continuing its existing supplier relationships. The company said its well-established and diversified crude-oil procurement strategy will ensure refinery operations remain stable.

Business

Reliance To Realign Russian Oil Imports With India’s Guidelines

By BPN News Desk October 23, 2025

Reliance Industries Ltd. (RIL), India’s largest private refiner, has begun recalibrating its Russian crude oil imports to align with the Government of India’s latest guidelines. The decision follows new U.S. and European sanctions on major Russian oil companies. India’s Role In Russian Oil Trade India has been the biggest buyer of Russian seaborne crude this […]

Business

ED Arrests Reliance Power CFO in Fake BG Case

By BPN News Desk October 11, 2025

The Enforcement Directorate (ED) on Friday arrested Ashok Kumar Pal, the Chief Financial Officer of Reliance Power, for his alleged role in a ₹68.2 crore fake bank guarantee scheme tied to a Solar Energy Corporation of India (SECI) tender. Details of the Allegation ED officials allege that Pal orchestrated the submission of a bogus bank […]

Business

Dassault Gains Control of India JV with Reliance

By BPN News Desk September 6, 2025

Dassault Aviation has bought an additional 2% stake in Dassault Reliance Aerospace Limited (DRAL), raising its holding from 49% to 51%. With this move, Dassault has taken majority control, while Reliance Aerostructure Ltd, a unit of Reliance Infrastructure, now holds 49%. Deal Value and Completion Timeline The stake transfer is valued at about ₹176 crore […]