Tag: Reliance

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Corporate

Reliance caps fuel sales at ₹1,000 per pump

Reliance Industries has begun limiting fuel sales at its petrol pumps, allowing customers to buy fuel worth only up to ₹1,000 per visit.

This step comes as the company faces supply pressure due to global disruptions, particularly tensions in the Middle East. These issues have affected the movement of crude oil, making supplies tighter.

The limits are being seen at several fuel stations run by Reliance’s joint venture with BP across the country. While there is no official nationwide announcement, many local dealers have started following the cap to manage available stock.

The idea behind this move is simple which is to ensure that fuel is available to more people and prevent sudden shortages at individual pumps. It also helps avoid panic buying, where people rush to fill large quantities fearing supply issues.

India depends heavily on imported crude oil, so any disruption in global supply chains can quickly impact availability in the country. Recent tensions have made the situation more uncertain, prompting companies to act cautiously.

In some areas, reports of possible shortages had already led to a surge in demand, putting additional pressure on fuel stations. By setting limits, retailers are trying to maintain a steady supply and avoid long queues.

Also Read: TCS shares fall 2% despite strong Q4 performance

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Corporate

Reliance, Samsung C&T sign $3 bn green ammonia deal

Reliance Industries Limited (RIL) has signed a long-term agreement with Samsung C&T Corporation to supply green ammonia in a deal valued at more than $3 billion. The 15-year supply contract is expected to begin in the second half of fiscal year 2029.

The agreement is considered one of the largest long-term green ammonia supply deals globally and reflects rising demand for low-carbon fuels as countries and companies work to reduce carbon emissions.

Under the agreement, Reliance will produce and supply green ammonia using hydrogen generated from renewable energy sources. Green ammonia is produced by combining green hydrogen with nitrogen from the air, creating a low-carbon alternative to conventional ammonia that is typically made using fossil fuels.

The fuel is increasingly seen as an important solution for decarbonizing hard-to-abate sectors such as shipping, power generation, and heavy industry. It can also be used as a carrier for hydrogen, making it easier to transport and store clean energy across long distances.

The supply will support energy transition initiatives in countries like South Korea and Japan, which are exploring cleaner fuels to cut emissions from industrial operations and electricity generation.

The agreement is part of Reliance’s broader strategy to build a large-scale clean energy ecosystem. The company is developing an integrated new energy platform that includes renewable power generation, battery storage, green hydrogen production, and downstream fuels such as green ammonia.

Reliance is also investing in domestic manufacturing of key clean energy technologies, including solar modules, energy storage systems, and electrolysers used in hydrogen production. These investments are aimed at creating an end-to-end supply chain for clean energy products.

Also Read: Japan releases emergency oil reserves

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1 Minute-Read

Reliance silent after Trump’s $300bn refinery claim

Donald Trump has announced a proposed $300-billion oil refinery project in Texas, saying India’s Reliance Industries would support the investment. The refinery is planned at the Port of Brownsville and would be built by America First Refining. Trump described it as a major energy project that could boost US oil refining capacity.

However, Reliance has remained silent about the announcement and has not confirmed any involvement in the project. The company has not responded to media queries, creating uncertainty about the deal. Analysts say the lack of official confirmation has raised questions about the scale and details of the proposed investment.

 

 

 

 

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Corporate

Reliance backs first new US oil refinery in 50 years

US President Donald Trump has announced plans to build a new oil refinery in Texas with investment support from Reliance Industries. The refinery, planned at the Port of Brownsville, could be the first new oil refinery built in the United States in nearly 50 years.

The project is expected to have a long-term economic impact of about $300 billion. It will be developed by a company called America First Refining, with financial backing from Reliance, India’s largest private sector company.

According to Trump, the refinery will strengthen the country’s energy sector and increase domestic fuel production. He also thanked India and Reliance for their participation in the project, describing it as a major step in boosting energy cooperation between the two countries.

The facility will mainly process US shale oil and is expected to increase the country’s refining capacity. Once operational, it could help meet domestic fuel demand and also support exports.

Officials say the project could create thousands of jobs during construction and operation while also bringing economic growth to South Texas.

The announcement comes at a time when global energy markets are facing uncertainty due to geopolitical tensions and supply concerns. Expanding refining capacity is seen as an important step toward strengthening energy security.

If completed, the refinery would mark a major development for the US energy industry and highlight growing business ties between American companies and Indian firms such as Reliance Industries.

Also Read: Reliance steps up LPG output to support domestic supply

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Beyond

Reliance steps up LPG output to support domestic supply

Reliance Industries plans to increase the production of liquefied petroleum gas (LPG) and divert natural gas from its KG-D6 fields to priority sectors in order to support India’s fuel supply. The move comes as global energy markets remain uncertain due to tensions in West Asia.

The company said it is working to maximise LPG output at its large refinery complex in Jamnagar, Gujarat. By optimising operations at the refinery, the company aims to ensure that adequate LPG is available for domestic use, especially for cooking gas supplies across the country.

At the same time, natural gas produced from the KG-D6 basin in the Bay of Bengal will be redirected to sectors that are considered essential. These include household LPG supply, compressed natural gas (CNG) used in vehicles, and piped natural gas connections for homes and businesses.

The decision follows government guidelines that prioritise these sectors when domestic gas supplies are tight. Authorities have been taking steps to ensure that households and critical services continue receiving fuel without disruption.

Energy markets have become volatile in recent weeks because of the ongoing conflict in West Asia, which has affected global fuel supplies and shipping routes. As India imports a significant amount of energy, any disruption in international markets can influence domestic availability.

Reliance said the steps are part of its efforts to support India’s energy security during a period of uncertainty.

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1 Minute-Read

Reliance shares jump 3% on oil rally

Shares of Reliance Industries rose nearly 3% as global crude oil prices increased following tensions in West Asia. Higher oil prices are expected to improve refining margins for the company, which runs one of the world’s largest refining complexes at Jamnagar in Gujarat.

It is cited vy experts that stronger fuel prices, especially for diesel and other refined products, could support the company’s oil-to-chemicals business. Supply concerns linked to the Iran conflict have pushed crude prices higher, improving sentiment for refinery companies. As a result, investors showed increased interest in Reliance stock, expecting stronger earnings if oil prices remain elevated.

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Leaders

Mukesh  Ambani announces $110 billion for AI in India

Reliance Industries, led by Mukesh Ambani, announced a $110 billion (₹10 lakh crore) investment in artificial intelligence over the next seven years. The plan, revealed at the India AI Impact Summit 2026 in New Delhi, aims to make AI services as accessible and affordable in India as mobile data has become.

Ambani highlighted that the main barrier to AI adoption in India is not talent but the high cost of computing power. To tackle this, Reliance and its telecom arm Jio are building large AI-ready data centres in Jamnagar, Gujarat, starting with 120 megawatts in 2026 and gradually expanding to gigawatt scale. The initiative will also include a nationwide edge computing network, ensuring faster AI services for both urban and rural areas.

Reliance plans to use its green energy surplus, including 10 gigawatts of solar power from Kutch and Andhra Pradesh, to reduce the cost of running these centres. Ambani stressed that the goal is to make AI tools affordable for education, healthcare, agriculture, and small businesses across India.

The summit also saw commitments from other companies. The Adani Group plans to invest $100 billion in AI-powered, renewable energy data centres by 2035. Global tech giants such as Microsoft, Google, Amazon, and Nvidia announced investments and partnerships to expand cloud services and AI infrastructure in India.

Union IT Minister Ashwini Vaishnaw said the summit secured infrastructure investment pledges exceeding $250 billion, showing strong global confidence in India’s AI potential. Leaders emphasized that India is emerging as a trusted hub for AI innovation, combining digital infrastructure with scalable technology deployment.

Also Read: OpenAI–Tata partner for 100mw AI data centre in India

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Beyond

Reliance gets US permit to import Venezuelan oil

Reliance Industries has received permission from the United States to import oil from Venezuela. This is a significant change because strict US sanctions had previously made it very hard for companies to trade with Venezuela’s oil industry.

The licence was issued by the US Treasury Department’s Office of Foreign Assets Control (OFAC). It gives Reliance the legal right to buy, bring into India, and sell Venezuelan crude oil without breaking US rules. This approval comes after the US government relaxed some of its sanctions on Venezuelan oil exports following political changes in that country.

Reliance had stopped buying Venezuelan oil in 2025 because of the sanctions. Now, with this new permit, it can resume these imports. Venezuelan crude is known for being heavy and usually cheaper than many other types of oil. Buying it at a lower price could help Reliance reduce its fuel costs and improve profits at its large refineries, especially the massive Jamnagar complex in western India.

The move is also part of a broader shift in US policy. Washington has eased restrictions on Venezuela’s energy sector, allowing not just Reliance but also major global oil companies to operate more freely there. Firms such as Chevron, BP, and Shell are expected to expand their involvement in Venezuela after the sanctions were loosened.

Besides helping Reliance, the licence may benefit Venezuela by boosting its oil exports and revenues. For the United States, allowing more companies to trade with Venezuela could strengthen economic ties with countries that purchase Venezuelan oil.

Also Read: IndiGo to hire over 1,000 pilots

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Beyond

Reliance returns to Venezuelan oil, buys 2 mn barrels

Reliance Industries has bought 2 million barrels of crude oil from Venezuela, marking its first purchase from the country since mid‑2025. The deal is for delivery in April, and the crude was purchased through trading firm Vitol at a discount compared to global oil prices.

This move shows Reliance is taking advantage of cheaper Venezuelan oil, which is a heavy, sour grade that fits well with its large Jamnagar refinery in Gujarat. The refinery is equipped to process these kinds of crude, helping the company make better profits when refining it. Sources say the oil was bought at roughly $6–7 per barrel lower than Brent crude.

The purchase comes as the United States has eased sanctions on Venezuela, allowing some trading firms to handle its oil. This has made it easier for companies like Reliance to buy Venezuelan crude without running into legal or financial hurdles.

While the US has encouraged India to reduce purchases of Russian crude, India continues to make decisions based on price and energy needs, rather than politics. Officials say India will keep looking for reliable oil sources to meet its growing demand.

Analysts see this as a smart business move by Reliance. With global oil supplies changing due to geopolitical tensions and US‑Venezuela agreements, buying discounted Venezuelan crude can give Indian refiners an economic advantage.

The deal also highlights India’s strategy of diversifying its oil sources to secure steady supplies at competitive prices. By resuming trade with Venezuela, Reliance joins other Indian refiners in exploring alternative crude options while keeping costs under control.

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Corporate

Reliance, ONGC partner to share offshore energy assets

Reliance Industries Ltd (RIL) and state-run Oil and Natural Gas Corporation (ONGC) have entered into a strategic partnership to share offshore oil and gas resources, marking a major step towards improving efficiency and boosting India’s domestic energy production. The two companies signed a memorandum of understanding (MoU) during India Energy Week 2026.

The agreement focuses on sharing infrastructure, services and expertise across offshore exploration and production projects, particularly in deepwater and ultra-deepwater areas. Key regions covered under the pact include the Krishna-Godavari (KG) Basin on the east coast and the Andaman offshore blocks, where both RIL and ONGC operate adjoining or nearby fields.

As part of the collaboration, the companies will jointly use high-value assets such as drilling rigs, offshore platforms, processing facilities, pipelines, power systems, and marine infrastructure including platform supply vessels and multi-support vessels. The arrangement also covers specialised services such as well logging, project execution support and other technical operations required in offshore fields.

The primary objective of the partnership is to reduce operational costs, avoid duplication of infrastructure and improve asset utilisation in capital-intensive offshore projects. By sharing resources, both companies expect faster project execution, better logistical coordination and improved safety standards in challenging offshore environments.

ONGC said the MoU is in line with recent policy reforms, including the Oilfields (Regulation and Development) Amendment Act, 2025, which allows greater flexibility for operators to share facilities and infrastructure. The regulatory changes are aimed at encouraging collaboration, attracting investment and accelerating exploration and production activity in India’s oil and gas sector.

The partnership is also expected to strengthen emergency response mechanisms and operational resilience by enabling quicker access to vessels, equipment and technical support during critical situations.

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