Reliance Industries aims to raise 125 billion rupees ($1.31 billion) through five-year bonds with a 7.47% coupon, marking its first rupee bond offering since November 2023.
India's Nifty 50 corrected after a new trading mechanism surge, while Reliance Industries shares dropped due to fuel export taxes impacting refining margins and Brent crude prices rose.
Reliance Industries increased diesel exports to Europe and Brazil in July, shipping 4-5 million barrels to Europe to offset supply tightness from geopolitical conflicts and Russian bans.
Reliance Industries is reducing alkylate exports and tripling LPG production to address India's severe fuel shortages amid Middle Eastern geopolitical tensions. The move prioritizes household cooking
Reliance Industries' subsidiary has loaded 2 million barrels of Venezuelan heavy crude directly from PDVSA at Jose Port. This aligns with a surge in Venezuela-India crude exports, which jumped from 35
Reliance Industries denied receiving Russian crude oil at its Jamnagar refinery, confirming no cargo arrived in the past 20 days. The refiner had previously paused Russian shipments ahead of new US sa
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