Tag: Reliance

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Reliance sets June 5 as dividend record date

Reliance Industries has announced June 5 as the record date for its FY26 dividend. Shareholders who own the company’s shares by this date will be eligible to receive the dividend payout.

The company will also hold its Annual General Meeting (AGM) on June 19, where major business updates and future plans are expected to be discussed.

Reliance is likely to share details about its telecom, retail and energy businesses during the meeting. Investors are also expected to closely watch announcements related to Jio and the company’s expansion plans.

The dividend announcement has kept Reliance shares in focus in the stock market. Further details regarding the dividend payment process and AGM agenda are expected soon.

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Corporate Uncategorized

Reliance talks with CATL on battery parts

Reliance Industries is in discussions with Chinese battery giant Contemporary Amperex Technology Co. Limited (CATL) and other global suppliers to source key components for its battery energy storage systems (BESS), according to people familiar with the matter.

The talks are part of Reliance’s broader push to expand its clean energy business, particularly its large-scale battery storage plans linked to its Jamnagar energy ecosystem. The company is looking to build out capacity for grid-scale storage systems that can support renewable energy integration.

However, the negotiations come at a time when China’s tightening restrictions on battery technology exports have made it more difficult for global companies to access advanced cell manufacturing know-how. Earlier attempts by Reliance to secure technology transfer agreements reportedly faced hurdles due to these curbs, pushing the group to focus more on assembling systems using imported components.

If the discussions with CATL and other suppliers progress, Reliance is expected to concentrate on procuring pre-made cells and components rather than fully localising advanced battery cell production in the near term. This would allow the company to move ahead with deployment of energy storage infrastructure while longer-term manufacturing capabilities are developed separately.

The move reflects a broader trend in the global clean energy sector, where companies are racing to secure battery supply chains amid rising demand for electric mobility, renewable integration, and grid stability solutions.

Reliance has been investing heavily in its new energy ambitions, including solar, hydrogen, and battery storage, as part of its transition beyond traditional oil and petrochemicals. The Jamnagar project is expected to be a key hub in this strategy.

Also Read: State Banks, insurers told to slash costs, go EV

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Zee sues Reliance–Disney, Nykaa over music use

Alleges unauthorised use of songs in streaming and Instagram promotions.

Zee Entertainment has filed separate copyright cases against Reliance–Disney joint venture and Nykaa, alleging unauthorised use of its music without valid licences.

In the Reliance–Disney case, Zee claims its songs were used on streaming and broadcast platforms even after agreements expired. It is seeking damages of about $3 million for multiple alleged violations.

In a second case, Zee has accused Nykaa of using its songs in Instagram promotional reels without permission. It has sought around ₹2 crore in damages. Nykaa has removed the content, while both matters are pending in court.

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Beyond

Reliance Jamnagar refinery units shut for upkeep

Reliance Industries is preparing to temporarily shut down certain processing units at its massive 660,000 barrels-per-day refinery for scheduled maintenance, according to a senior government official. The shutdown is expected to last around three to four weeks and will take place later this month.

The maintenance will include a crude distillation unit as well as several secondary processing units at the refinery. The facility is part of Reliance’s Jamnagar complex in Gujarat, one of the largest and most advanced refining hubs in the world.

Officials said the shutdown is planned after Nayara Energy resumes operations at its own refinery later in the month. This sequencing is intended to ensure smooth fuel supply across the domestic market and avoid any disruption during the maintenance period.

The maintenance activity is described as routine upkeep, aimed at ensuring operational efficiency and reliability of the refinery units. Sources indicated that the shutdown is part of planned maintenance cycles that large-scale refineries typically undergo.

Reliance operates one of the world’s biggest refining complexes, processing large volumes of crude oil into fuels and petrochemical products for both domestic consumption and exports. The Jamnagar site is a key contributor to India’s fuel supply chain.

According to officials, the shutdown is not related to any operational failure or emergency situation. Instead, it is a scheduled activity aligned with broader refinery management planning.

The timing of the maintenance is also coordinated with market conditions and other refinery operations in India. This helps maintain balance in fuel availability while large units undergo servicing.

Reliance has not issued an official public statement on the development. However, government sources confirmed that the plan has been discussed within the petroleum ministry framework.

The refinery’s maintenance is expected to conclude within three to four weeks, after which normal operations will resume.

Also Read: Vi names Kumar Mangalam Birla as non-executive Chairman

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Reliance changes oil supply plan amid Gulf disruption

Reliance Industries has changed its crude oil sourcing strategy to deal with supply disruptions caused by tensions in the Gulf region. The company has reduced dependence on some Gulf shipments and increased purchases from other countries while also exploring alternate shipping routes.

These steps have helped Reliance maintain smooth operations at its Jamnagar refinery in Gujarat, one of the world’s largest refining complexes. The move comes as freight charges, insurance costs and crude prices remain volatile due to geopolitical uncertainty.

Analysts said Reliance’s flexible sourcing network has helped limit the impact of disruptions on refining operations and fuel supplies.

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Corporate

Reliance Q4 eyes on Jio, retail growth

Reliance Industries is set to announce Q4 FY26 results, with investors expecting a mixed performance.

Strong growth in Reliance Jio and Reliance Retail is likely to support revenue through subscriber additions, higher ARPU, store expansion and better margins.

However, weakness in the oil-to-chemicals and upstream energy businesses may pressure profits due to higher crude prices, freight costs and supply disruptions.

Markets are also watching for a final dividend announcement and updates on the proposed Jio Platforms IPO. Reliance’s commentary may influence broader market sentiment.

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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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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