Reliance Industries Ltd
RELIANCE | 500325
₹1296.9
-10.90 (-0.83%)
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Reliance Industries Limited is India's largest private sector company on all major financial parameters. In 2004, Reliance Industries (RIL) became the first Indian private sector organisation to be listed in the Fortune Global 500 list. The Company operates world-class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Hazira, Hoshiarpur, Jamnagar, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara. The Company is engaged in activities spanning across hydrocarbon exploration and production, Oil to Chemicals, Retail and Digital Services. Reliance Industries' activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and telecommunications. The petrochemicals segment includes production and marketing operations of petrochemical products. The refining segment includes production and marketing operations of the petroleum products. The oil and gas segment includes exploration, development and production of crude oil and natural gas. The other segment of the company includes textile, retail business and special economic zone (SEZ) development. In year 1966, Reliance Industries Limited was founded by Shri Dhirubhai H. Ambani. The Company was started as a small textile manufacturer unit. On May 8, 1973 RIL was incorporated and conformed their name as RIL in the year 1985. Over the years, the company has transformed their business from manufacturing of textiles products into a petrochemical major. The company has set up a texturising / twisting facilities in 1979, RIL has also set up plants for Polyester Staple Fiber (PSF) in 1986 and for Linear Alkyl Benzene (LAB) & Purified Terephthalic Acid (PTA) in 1988. RIL has setup a petrochemical facility to produce HDPE and PVC at Hazira, Gujarat in technical collaboration with DuPont and BF Goodich respectively. The Hazira petrochemical plant was commissioned in 1991-92. In the year 1995-96, the company entered the telecom industry through a joint venture with NYNEX, USA and promoted Reliance Telecom Private Limited in India. Reliance became the first corporate in Asia to issue bonds in the U.S at the year of 1996-97. The company commissioned an 80,000 tonne bottle grade PET chip plant at Hazira manufacturing complex. Reliance's PET chips has been accepted internationally due to their high quality during the year 1997-98 and in the same year Reliance Industries Planned to invest around Rs. 5000 crores (USD 1,250 million) in building two world-scale plants at the site of the Jamnagar refinery in Gujarat. In 1998-99, RIL introduced packaged LPG in 15 kg cylinders under the brand name Reliance Gas. In 1999-2000, RIL commissioned the world's largest 1.4 million tonnes per annum Paraxylene (PX) plant at its new integrated petrochemicals complex at Jamnagar which was planned at 1997-98. With the commissioning of the last crystallization train of the Para-xylene (PX) complex at Jamnagar in June 2017, RIL became the 2nd largest producer of PX globally. In 2000, Reliance commissioned the world's largest grassroots refinery in Jamnagar in a record 36 months. The Jamnagar refinery processes a wide variety of crude oils and produces a range of petroleum products for exports as well as supply in the Indian market. Reliance Petroleum Limited (RPL) was amalgamated with Reliance Industries Ltd in the year 2002-03. In 2004-05, RIL acquired the polyester major, Trevira GmbH, headquartered in Frankfurt, Germany which has the capacity of 130,000 tonnes per annum of polyester staple fibers, polyester filament yarns and polyester chips. In the year 2006, the company set up a new export-oriented refinery through its subsidiary, Reliance Petroleum Limited (RPL). In 2006, RIL entered the organised retail segment through Reliance Retail with its first Reliance Fresh store in Hyderabad. In 2017, Reliance Retail crossed $5 billion revenue mark. Reliance Retail has adopted a multi-prong strategy and operates neighbourhood stores, supermarkets, hypermarkets, wholesale cash & carry stores, specialty stores and online stores and has democratized access to all types of products and services across all segments for all Indian consumers. Reliance Retail operates over 3,300 stores pan India with nearly 13 million square feet of retail space. In the year 2007, Indian Petrochemicals Corporation Limited (IPCL) merged with the company. Also, Reliance Retail entered the organised retail market in India with the launch of its convenience store format under the brand name of Reliance Fresh'. During the year, the company commissioned their largest expansion project. The company expanded its polypropylene (PP) capacity by 280 KTA at Jamnagar that increased the combined capacity to 1,710 KTA. During the year 2007-08, the company signed an agreement to certain polyester (capacity) assets of Hualon, Malaysia. It took over the majority control of Gulf Africa Petroleum Corporation (GAPCO) and started shipping products to the East African markets. Also, the company signed MoU with GAIL (India) Ltd to explore opportunities of setting up petrochemical plants in feedstock rich countries outside India. In April 2008, the company signed gas sales and purchase agreement (GSPA) with the customers in power sector for supply of natural gas to be produced from the KG-D6 block. During the year, Reliance Commercial Associates Ltd, Reliance Neutraceuticals Pvt Ltd, Reliance Pharmaceuticals (India) Pvt Ltd, Reliance Petroinvestments Ltd, Gull Africa Petroleum Corporation (Mauritius), Gapco Tanzania Ltd, Gapoil Tanzania Ltd, Gapco Kenya Ltd, Gapco Uganda Ltd, Gapco Rwanda SARL, Gapoil Zanzibar Ltd, Transenergy Kenya Ltd, Recron (Malaysia) SDH BHD, Peninsula Land Kenya Ltd, Reliance International Exploration and Production INC, Wavely Investments Ltd, Reliance Digital Retail Ltd, Reliance Lifestyle Holdings Ltd, Reliance Universal Ventures Ltd, Reliance Home Store Ltd, Reliance Autozone Ltd, Reliance Trade Services Centre Ltd, Reliance Integrated Agri Solutions Ltd, Reliance Agri Products Distribution Ltd, Reliance Food Processing Solutions Ltd, Reliance Supply Chain Solutions Ltd, Reliance Digital Media Ltd, Strategic Manpower Solutions Ltd, Reliance Gems and Jewels Ltd, Reliance Leisures Ltd, Reliance Loyalty & Analytics Ltd, Reliance Retail Securities and Broking Company Ltd, Delight Proteins Ltd, Reliance F&B Services Ltd, Reliance Hypermart Ltd, Reliance Financial Distribution and Advisory Services Ltd, Reliance Retail Travel & Forex Services Ltd, Reliance Trends Ltd, Reliance Wellness Ltd, Reliance Brands Ltd, Reliance Footprint Ltd, Abcus Retail Pvt Ltd, Bigdeal Retail Pvt Ltd, Advantage Retail Pvt Ltd and RIL (Australia) PTY Ltd became subsidiaries of the company. During the year 2008-09, Reliance People Serve Ltd, Reliance Infrastructure Management Services Ltd, Reliance Global Business, BV, Reliance Gas Corporation Ltd, Reliance Globalenergy Services Ltd, Reliance One Enterprises Ltd, Reliance Personal Electronics Ltd, Reliance Global Energy Services (Singapore) Pte Ltd, Reliance Polymers (India) Pvt Ltd, Reliance Polyolefins Pvt Ltd, Reliance Aromatics and Petrochemicals Pvt Ltd, Reliance Energy and Project Development Pvt Ltd, Reliance Chemicals Pvt Ltd, Reliance Universal Enterprises Pvt Ltd, International Oil Trading Ltd, Reliance Nutritional Food Processors Pvt Ltd, Reliance Review Cinema Pvt Ltd, Reliance Replay Gaming Pvt Ltd, RIL USA Inc. Reliance Commercial Land Infrastructure Pvt Ltd, Reliance Corporate IT Park Ltd, Reliance Eminent Trading & Commercial Pvt Ltd, Reliance Progressive Traders Pvt Ltd, Reliance Prolific Traders Pvt Ltd, Reliance Universal Traders Pvt Ltd, Reliance Prolific Commercial Pvt Ltd, Reliance Comtrade Pvt Ltd, Reliance Ambit Trade Pvt Ltd, Reliance Petro Marketing Pvt Ltd, LPG Infrastructure (India) Pvt Ltd and Reliance Infosolution Pvt Ltd beaome subsidiaries of the company. Also, Abcus Retail Pvt Ltd ceased to be a subsidiary of the company. During the year, Reliance Petroleum Ltd (RPL) merged with the company with effect from April 1, 2008. From April 2, 2009, the company commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API. In November 2009, the company discovered first oil exploration in the on land exploratory block CB-ONN-2003/1 (CB 10 A&B) awarded under the NELP-V round of exploration bidding. In December 2009, the company discovered gas in the exploration block KG-DWN-2003/1 (KG-V-D3) of NELP-V. The deepwater block KG-DWN-2003/1 is located in the Krishna basin, about 45 kilometers off the coast in the Bay of Bengal. In April 2010, the company commissioned a 1 MW solar Photo Voltaic power plant at Thyagaraj stadium in New Delhi. The power plant is expected to generate around 1.4 million units of electricity a year. It would cater to the power requirements of the stadium and the surplus would be fed to the grid at 11 KV. In addition, the company's subsidiary Reliance Marcellus LLC executed definitive agreements to enter into a joint venture with United States based Atlas Energy, Inc, of Pittsburgh, Pennsylvania under which Reliance will acquire a 40% interest in Atlas' core Marcellus Shale acreage position. In June 2010, the company entered into an agreement to acquire asubstantial stake in Infotel Broadband Services (P) Ltd, which emerged as asuccessful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) Spectrum conducted by the DOT. The company sees the broadband opportunity as a new frontier of knowledge economy in which it can take a leadership position and provide India with an opportunity to bein forefront among the countries providing world-class 4G network and services. In August 2010, the company through their subsidiary, Reliance Industries Investment and Holding Pvt Ltd acquired the equity shares of EIH Ltd representing 14.12% from Oberoi Hotels Pvt Ltd and certain other promoters at a total cost of Rs 1,021 crore. In December 2010, the company entered into a joint venture agreement with Russian petrochemical company SIBUR for the production of butyl rubber in India. The joint venture facility will have an initial capacity of 100,000 tonnes of butyl rubber at the company's integrated refining cum petrochemical site in Jamnagar and is expected to be commissioned by 2013. In January 2011, the company's wholly owned subsidiary, Reliance Ventures Ltd entered into an agreement with Infrastructure Leasing and Financial Services Ltd, whereby IL&FS will become a strategic partner and co-promoter of a project which intends to develop a model economic township and other infrastructure facilities at Jhajjar in Haryana. In February 2011, the company entered into a strategic partnership with BP which comprises BP taking a 30% stake in 23 oil and gas production sharing contracts that the company operates in India for a consideration of USD 7.20 billion and the formation of a 50:50 joing venture between the two companies for the sourcing and marketing of gas in India. The joint venture will also endeavour to accelerate the creation of infrastructure for receiving, transporting and marketing of natural gas in India. On 15 June 2017, RIL and BP announced that they are moving forward to develop the R-Series' deep water gas fields in Block KGD6 off the east coast of India as first of three that are expected to be developed in an integrated manner producing from about 3 trillion cubic feet of discovered gas resources. In March 2011, the company and D E Shaw Group agreed to establish a joint venture to build a leading financial services business in India. This joint venture will incorporate the D E Shaw Group's investment and technology expertise with the company's operational knowledge and extensive presence across India to offer a comprehensive array of financial services to the Indian marketplace. In June 10, 2011, the company and their associate, Reliance Industrial Infrastructure Ltd entered into an agreement with Bharti Enterprises for acquiring Bharti's shareholding of 74% in Bharti Axa Life Insurance Co Ltd and Bharti Axa General Insurance Co Ltd. On completion of the proposed transaction, the company and Reliance Industrial Infrastructure Ltd would effectively own 57% and 17% respectively in both insurance companies and would become Axa's joint ventures partners in India. In September 2011, Reliance Security Solutions Ltd, a subsidiary of the company Siemens Ltd signed an MoU to jointly develop Homeland Security Solutions for Highways in India. In November 2011, the company and BP incorporated India Gas Solutions Pvt Ltd, a 50:50 joint venture company which will focus on global sourcing and marketing of natural gas in India. The joint venture company will also develop infrastructure to accelerate transportation and marketing of natural gas within the country. India Gas Solutions Pvt Ltd will be funded with equal equity from BP and RIL. In November 2011, AXA SA, Bharti, Reliance Industries Limited (RIL) and its associate Reliance Industrial Infrastructure Limited (RIIL) announced that they have mutually agreed to terminate their negotiations on the proposed acquisition by RIL and RIIL of Bharti's shareholding of 74% in Bharti AXA Life Insurance Co. Ltd and Bharti AXA General Insurance Co. Ltd. In February 2012, the company and SIBUR have agreed to form a joint venture named Reliance Sibur Elastomers Pvt Ltd to produce 100,000 tons of butyl rubber per year in Jamnagar, India. The joint venture will be the first manufacturer of butyl rubber in India and the fourth largest supplier of butyl rubber in the world. On 29 May 2014, RIL announced its entry into the digital space by way of acquisition of control in Network 18 Media & Investments Limited (NW18) including its subsidiary TV18 Broadcast. On 9 December 2014, RIL announced the formation of a joint venture with Shandong Ruyi Science and Technology Group Co. Ltd, China (Ruyi') (through its wholly owned subsidiary) for RIL's textiles business which operates under the Vimal brand. RIL's wholly owned subsidiary Reliance Jio Infocomm announced the commencement of telecom services with Jio Welcome Offer' in September 2016. In a short period of 170 days, Jio crossed a milestone of 100 million customers on its all IP wireless broadband network. On 17 November 2016, RIL and GE announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space to provide Industrial IOT solutions to customers in oil & gas, fertilizer, power, healthcare, telecom and other industries. In September 2017, RIL won the bid to acquire the assets of Kemrock Industries & Exports Limited of Vadodara (Gujarat) as a part of its efforts to enter the composites business. RIL participated in an on-line e-bidding process held by Allahabad Bank being leader of the consortium of 11 banks to sell/dispose off the assets of Kemrock Industries & Exports Limited. During the fiscal 2018, the company spent towards Capital Expenditure amounting to Rs 79,253 crore. During the FY2018, Reliance Jio Infocomm Ltd, successfully refinanced long term syndicated loans aggregating USD 1.5 billion. On 28 February 2018, TV18 Broadcast Limited ('TV18') a subsidiary of the Company increased its equity interest in Viacom18 Media Private Limited ('Viacom18') from 50% to 51% by acquiring in cash 1% of the equity shares held by MTV Asia Ventures (India) Pte. Ltd., Mauritius for Rs 130 crore and consequently obtained operational control over Viacom18. Accordingly, TV18 has consolidated Viacom18 as subsidiary from 01 March 2018. Consequent to this acquisition, lndiaCast Media Distribution Private Limited ('lndiaCast'), which was hitherto a Joint Venture of TV18, was accounted as subsidiary with effect from 01 March 2018. Pursuant to the sale agreement signed by Reliance Exploration & Production DMCC (REPDMCC), wholly owned subsidiary of the Company, for the sale of the entire 76% interest held by it in Gulf Africa Petroleum Corporation, requisite regulatory approvals, consents have been obtained and transaction successfully concluded. During the FY2018, the Company issued listed unsecured non-convertible redeemable Debentures amounting to Rs 20,000 crore in six tranches (Series A, B, C, D, E and F). The Company also redeemed secured non-convertible Debentures (PPD 177) amounting to Rs 134 crore during the year. During the year, the Company also issued 3.667% Senior Unsecured Notes amounting to US$ 800 million with 10 year maturity. The Company has issued and allotted 308,03,34,238 equity shares to the eligible holders of equity shares on the book closure date (i.e. 09 September, 2017) as bonus equity shares by capitalizing reserves on 13 September, 2017. The Company retained its domestic credit ratings of 'CRISIL AAA' from CRISIL and 'IND AAA' from India Rating and an investment grade rating for its international debt from Moody's as Baa2 and BBB+ from S&P. During the FY2019, the company spent towards Capital Expenditure amounting to Rs 1,32,445 crore. During FY 2018-19, Reliance Jio Infocomm Limited (RJIL) successfully tied up JPY 53.5 billion, the largest Samurai loan for an Asian corporate and also for a telecom company. The loan was successfully syndicated to 9 local Japanese banks aggregating to JPY 19.5 billion, thereby taking the total number of participating banks to 12. Additionally, RJIL also tied-up term loan facilities aggregating to US$1.5 billion. In June 2018, RJIL tied up US$825 million and EUR 150 million Korea Trade Insurance Corporation (K-Sure) supported ECA financing with door to door tenor of over ten years. This transaction was the largest financing transaction globally in the telecom sector supported by K-Sure. The Board of Reliance Jio Infocomm Limited (RJIL) approved the demerger of its passive infrastructure, tower and fiber assets into two separate SPVs. The scheme of the demerger was effective from 31 March 2019 post all requisite internal, shareholder, debt holder and regulatory approvals. The assets would be held by a separate SEBI registered Infrastructure Investment Trusts (InvIT). The company won CII's 'Excellent Energy-efficient Unit' award at the '19th National Award for Excellence in Energy Management 2018. Also won the 'Making India Energy Efficient' award for the year 2018 at Future of Energy Management Summit, Mumbai. The company also awarded 'Platinum Award' at Grow Care India Safety Awards 2018. During the year 2018-19, the Company issued listed unsecured non-convertible redeemable debentures amounting to Rs 19,000 crore (Paid-up to the extent of Rs 17,000 crore) in five tranches (Series G, H, lA, IB and J). The Company also fully redeemed secured nonconvertible Debentures (PPD 177 and PPD 179-T3) amounting to Rs 503 crore. Pursuant to a Composite Scheme of Arrangement among Reliance Jio lnfocomm Ltd (RJIL) and Jio Digital Fibre Private Limited (JDFPL) and Reliance Jio lnfratel Private Limited (RJIPL), RJIL, has demerged its optic fiber cable undertaking to JDFPL and transferred its tower infrastructure undertaking on a slump sale basis to RJIPL. JDFPL has Fair Valued its Assets through reputed International Valuer. Being shareholder of RJIL, the Company received Equity Shares and Optionally Convertible Preference Shares (OCPS) of JDFPL, pursuant to transfer of fibre business. Subsequently, the Company sold its controlling equity stake in JDFPL to a SEBI registered infrastructure investment trust of which Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of the Company is the sponsor. Reliance Ethane Holding Pte. Ltd. (REHPL), a wholly owned subsidiary of the Company, holds 100% controlling equity interest in 6 companies owning Very Large Ethane Carrier (VLEC). REHPL has entered into a binding arrangement with Mitsui O.S.K. Lines, Japan and another investor for investment by them in the 6 companies, resulting in the 6 companies being jointly controlled by REHPL and Mitsui O.S.K. Lines, Japan. Digital Media Distribution Trust, of which Reliance Content Distribution Limited (a wholly-owned subsidiary of the Company) is the sole beneficiary, has, through six SPVs 100% owned and controlled by it, 1. acquired sole control of Den Networks Limited and made a total investment of about Rs. 2707 crore for acquiring 78.06% of the total equity share capital of Den Networks Limited through preferential issue, share purchase and open offer, 2. acquired sole control of Hathway Cable and Datacom Limited and made a total investment of about Rs. 4,120 crore for acquiring 71.96% of the total equity share capital of Hathway Cable and Datacom Limited through preferential issue and open offer, 3. acquired indirect control of GTPL Hathway Limited and made a total investment of about Rs. 42 crore for acquiring 4.48% of the total equity share capital of GTPL Hathway Limited in the open offer and acquired indirect control of Hathway Bhawani Cabletel and Datacom Limited. During the FY2020, the company spent towards Capital Expenditure amounting to Rs 77,444 crore. During the fiscal 2020, The Board of Directors of the Company has approved the issue of equity shares of Rs 10/- each of the Company on rights basis to eligible equity shareholders of the Company at an issue price of Rs 1,257/- per fully paid-up equity share (including a premium of Rs 1,247/- per equity share). The Company has successfully completed the Rights Issue of Rs 53,124 crore. Reliance awarded for exceptional presentation in UNIPOL PE Global Technology Conference 2019 in USA. DTA refinery was awarded India Manufacturing Excellence Award 2019' in High Platinum Category & Future Ready Factory Award by Frost and Sullivan. Reliance won the 13th CII National Award for Excellence in Water Management 2019, in the heavy industry category. Reliance was declared Winner' at 18th Annual Greentech Safety Award 2019 for persistent commitment in the field of safety. RIL was awarded the Golden Peacock Award for Corporate Social Responsibility 2019 for improving the livelihoods of farmers, fisher-folk and livestock owners through information services. Dahej Manufacturing Division, Silvassa Manufacturing Division and Hoshiarpur Manufacturing Division awarded Apex India Environment Excellence Award, 2019 under Platinum Category. Reliance Retail has topped the list of 50 fastest growing retailers globally in Deloitte's Global Powers of Retailing Report, 2020. COVID-19 is significantly impacting business operation of the companies, by way of interruption in production, supply chain disruption, unavailability of personnel, closure / lock down of production facilities etc. On 24th March 2020, the Government of India ordered a nationwide lockdown for 21 days which further got extended till 3rd May 2020 to prevent community spread of COVID-19 in India resulting in significant reduction in economic activities. Pursuant to the Scheme of Arrangement amongst RJIL and certain class of its creditors, approved by the Hon'ble National Company Law Tribunal, Ahmedabad bench vide order dated 13 March 2020, certain liabilities of Rs 1,04,365 crore have stood transferred to RIL with an equal amount of consideration. The Commercial Papers (listed) of the Company outstanding as on 31 March 2020 are Rs 27,709 crore. The total Non-Convertible Debentures of the Company outstanding as on 31 March,2020 are Rs 55,599 crore out of which, secured non-convertible debentures are Rs 13,886 crore. The total Non-Convertible Debentures of the Company outstanding (before netting off of prepaid finance charges) as on 31 December 2020 are Rs 67,580 crore out of which, secured nonconvertible debentures are Rs 13,351 crore. During the period April 2020 to December 2020, the Company has issued listed Unsecured Non-Convertible Redeemable Debentures amounting to Rs 24,955 crore in four tranches (Series K, L, M and N) on private placement basis and redeemed listed Unsecured Non-Convertible Redeemable Debentures amounting to Rs 12,000 crore (Series B, C, E, F, PPD1 and PPD2) and listed secured Non-Convertible Redeemable Debentures amounting to Rs 500 crore (Series PPD -180 Tranche 1). During the quarter ended 31 December 2020, Reliance Retail Ventures Limited, a subsidiary of the Company has raised funds to the extent of Rs 39,765 crore by issuing equity shares to external investors. During the quarter ended 31 December 2020, Jio Platforms Limited (JPL), a subsidiary of the Company has raised funds to the extent of Rs 33,737 crore by issuing equity shares to Google International LLC. A Composite Scheme of Amalgamation and plan of merger amongst Reliance Holding USA Inc. (RHUSA), Reliance Energy Generation and Distribution Limited (REGDL) and the Company, which provided for merger of RHUSA with REGDL and merger of REGDL with the Company, was approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, was effective from August 21, 2020 and accordingly, both RHUSA and REGDL became wholly owned subsidiaries of the Company. During the year 2020-21, the Company transferred its Petroleum Retail Marketing business to Reliance BP Mobility Limited (RBML). RBML is a fuels and mobility business with BP Global Investments Limited. bp which holds 49% equity stake in RBML and the balance 51% is held by the Company. During the year 2020-21, R-Cluster fields in KG D6 block commenced production and achieved peak production level of 12.8 MMSCMD in mid-April 2021, ahead of plan. In April 2021, Satellite fields also commenced production two months ahead of schedule despite COVID-19 challenges. During the year 2020-21, Reliance Retail Limited, Jio Platforms Limited, Reliance Jio Infocomm Limited and Reliance Global Energy Services (Singapore) Pte. Limited, were material subsidiaries of the Company. The Company along with JM Financial Asset Reconstruction Company Limited (acting in its capacity as a Trustee of JMFARC- March 2018 - Trust'- (JMFARC) acquired, with the approved Resolution plan, joint control over Alok Industries Limited and consequently, the Company holds 40.01% equity stake and JMFARC holds 34.99% equity stake in Alok Industries Limited aggregating to 75%. On 30 March 2022, the Board of Directors of the Company had approved the Scheme of Arrangement for Gasification between (i) the Company & its shareholders and creditors and (ii) Reliance Syngas Limited & its shareholders and creditors. The Gasification Scheme, inter alia, provides for transfer of the Gasification undertaking from the Company to Reliance Syngas Limited, a wholly owned subsidiary of the Company, as a going concern on slump sale basis for a lump sum consideration on the terms and conditions as detailed in the Gasification Scheme. The Appointed Date of the Gasification Scheme is March 31, 2022 which became effective from April 4, 2022. During the year 2021-22, the Company and Saudi Aramco mutually determined that it would be beneficial for both the parties to re-evaluate the proposed investment in O2C business. The Board of Directors of the Company had on November 19, 2021, approved withdrawal of the Scheme of Arrangement between the Company and Reliance O2C Limited from Hon'ble National Company Law Tribunal (NCLT). NCLT, Mumbai Bench has vide its order dated December 3, 2021 approved the withdrawal of the O2C Scheme. During year 2022, Reliance Industrial Infrastructure Limited was reclassified from the category of Promoter Group' of the Company to Public'. During the year 2021-22, Reliance Eagleford Upstream Holding, LP (REUHLP) a wholly owned step-down subsidiary of RIL, signed an agreement with Ensign Operating III, LLC to divest its interest in certain upstream assets in the Eagleford shale play of Texas, USA. With this transaction, RIL has divested all its shale gas assets and exited from the shale gas business in the US. The Company commissioned R Cluster Field in December 2020, which achieved peak production of 12.9 MMSCMD with six wells. Satellite Cluster Field was commissioned in April, 2021. Accordingly, all the 5 wells opened, tested and ramped up, achieving a peak production of 6.1 MMSCMD and as a result, its production ramped up to 18 MMSCMD gas. In FY 2023-24, Jio Financial Services Limited (JFSL) was demerged into and with the Company through Scheme of Arrangement for Demerger of Financial Services, which became effective from July 1, 2023. In accordance with the Financial Services Demerger Scheme, JFSL issued and allotted 1 (One) fully paid-up equity share of JFSL having face value of Rs 10 each for every 1 (One) fully paid-up equity share of Rs 10 each of the Company to the shareholders of the Company on July 20, 2023. Similarly, the Scheme of Arrangement between Reliance Projects & Property Management Services Limited (RPPMSL) and its shareholders and creditors & the Company for demerger of Digital EPC & Infrastructure undertaking of RPPMSL into the Company became effective from August 9, 2023. The Company acquired Block KG-UDWHP-2022/1 (KG-UDW2) under the OALP VIII licensing round in January 2024. 50 MWh per year capacity pilot line has been setup for manufacturing Li Battery cells, through Lithium Werks in FY 2025. The construction and engineering activities progressed rapidly during FY 2025-26 focusing on cost leadership, future proof technology and reliability. The solar PV module manufacturing became operational, with the first 200 MWp of heterojunction (HJT) modules produced, delivering higher energy yield, improved temperature performance and lower degradation. At Jamnagar, Reliance has established the world's largest Bioenergy Technology and R&D Centre, developing advanced enzymes, microbial consortia and high-yield energy crops to enhance biogas productivity. The Reliance Jamnagar Manufacturing Division (JMD) has commissioned the 1.2 GW Central Transmission Utility (CTU) facility, along with a 220kV cable network, enabling upto 500 MW power import infrastructure for JMD O2C and synchronising the system with the national grid. The Retail business has opened 1,564 stores during the year, taking the total store count to 20,160 stores in FY26. During the year 2026, Reliance Intelligence partnered with Google, providing Millions of Jio users with 18 months of complimentary access to Google AI Pro (Gemini).
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RIL rises after Jio Platforms files draft papers for public issue
22 Jun 2026
Reliance Industries rose 2.45% to Rs 1,341.60 after Jio Platforms filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a public issue comprising a fresh issue of up to 27 crore equity shares.
Reliance Industries will continue to remain the controlling shareholder of Jio Platforms with a 66.43% stake. As of 31 March 2026, Reliance Industries held 593.78 crore shares in Jio Platforms. According to the DRHP, up to 50% of the issue size will be allocated to qualified institutional buyers, while at least 35% will be reserved for retail investors. The DRHP provides for separate reservation portions for eligible Reliance Industries shareholders and employees, although the size of these reservations has not yet been disclosed. The issue proceeds will be used primarily for the prepayment or repayment of certain borrowings of Reliance Jio Infocomm (RJIL), the company's material subsidiary, and for general corporate purposes. Jio Platforms plans to deploy up to Rs 27,500 crore from the net proceeds towards repayment or prepayment of RJIL borrowings. Jio Platforms reported revenue from operations of Rs 146,885.30 crore in FY26, up 14.6% from Rs 128,218.40 crore in FY25. EBITDA rose 18.8% to Rs 76,255.40 crore from Rs 64,170 crore, while EBITDA margin improved to 51.91% from 50.05%. Profit before tax increased 14.9% to Rs 40,353.10 crore in FY26 from Rs 35,127.30 crore in FY25. Profit after tax rose 15.1% to Rs 30,049.10 crore from Rs 26,109 crore a year earlier. Jio Platforms is the digital services arm of Reliance Industries and houses businesses across telecom, digital platforms and technology services. The company had a customer base of 524.4 million at the end of FY26, compared with 488.2 million a year earlier. Jio Platforms houses Reliance Industries' telecom, digital platform and technology businesses and is one of the country's largest digital services companies. Reliance Industries, India's largest private sector enterprise, has interests spanning oil and gas exploration, refining and petrochemicals, retail, digital services, advanced materials and renewable energy. On a consolidated basis, Reliance Industries reported an 8.9% decline in profit after tax, including share of profit or loss from associates and joint ventures, to Rs 20,589 crore in Q4 FY26. Profit before tax fell 6.6% year-on-year to Rs 27,195 crore. Gross revenue increased 12.9% to Rs 325,290 crore, driven by strong performance in the oil-to-chemicals, retail and digital services businesses, although lower gas production from the KG-D6 block weighed on the oil and gas segment. Powered by Capital Market - Live News
Reliance commissions solar manufacturing lines; expands fuel retail and EV charging network
19 Jun 2026
Reliance Industries is accelerating its push into new energy and materials businesses, with solar PV and module manufacturing lines now commissioned at Jamnagar, Anant Ambani said at the company's annual general meeting (AGM) on Friday.
Ambani said Reliance is also developing a carbon fibre facility at Hazira, which will be the largest of its kind. In addition, the company is setting up a PVC and CPVC facility with a capacity of 1.2 million tonnes, aimed at reducing India's dependence on imports. In the fuel retail business, Jio-bp maintained adequate fuel availability across its network during the year, he said. The company's fuel retail network expanded 29% year on year to nearly 2,200 outlets, with another 400 outlets under construction. Ambani added that Jio-bp has expanded its EV charging infrastructure to 80 cities and 45 highways. The company also strengthened its consumer products and services network, becoming the largest player in the segment. Powered by Capital Market - Live News
Reliance Retail to build manufacturing, exports platforms for next phase of growth, says Mukesh Ambani
19 Jun 2026
Reliance Retail is poised for its next phase of growth with the creation of two new platforms focused on manufacturing and exports, Reliance Industries chairman Mukesh Ambani said at the company's annual general meeting (AGM) on Friday.
Ambani said Reliance Retail and Reliance Consumer Products (RCPL) will drive growth through an advanced manufacturing platform spanning categories such as beverages, daily essentials and fresh fruits and vegetables. He said the company plans to modernise the largely unorganised fresh produce segment by leveraging its sourcing, cold-chain and distribution network. The initiative aims to reduce wastage, improve hygiene and food safety standards, and deliver better value to farmers, retailers and consumers. Ambani also announced plans to build a future-ready garment manufacturing ecosystem. Reliance has already established supplier partnerships across 21 manufacturing clusters nationwide to produce quality garments at competitive costs. In addition, the company plans to expand domestic manufacturing of affordable electronics, including smart eyewear, televisions, smartphones and connected wearables, while maintaining a strong focus on customer service. The second growth engine will be an exports platform, which Ambani described as a natural extension of the manufacturing business. He said the rapid growth of Reliance's consumer brands portfolio in India has strengthened the company's confidence to build a scalable global FMCG business. According to Ambani, the export initiative will leverage Reliance's growing brand portfolio and product capabilities to serve consumers across international markets. Powered by Capital Market - Live News
Reliance unveils Jio Teleframe platform for AI agents; JioHotstar clocks 451 million monthly users
19 Jun 2026
Reliance Industries unveiled Jio Teleframe, a platform designed for AI agents, at its annual general meeting (AGM) on Friday.
Akash Ambani said the platform is part of the company's efforts to build AI-driven digital services and infrastructure. He also announced that Jio Homes will offer next-generation broadband connectivity with speeds of up to 5 Gbps download and 1 Gbps upload, dedicated to individual households. Highlighting the scale of Reliance's digital ecosystem, Ambani said JioHotstar recorded an average of 451 million monthly active users during FY26, making it the largest streaming platform in India and among the largest globally. Meanwhile, microcontent platform Tadka has crossed 100 million users within just two months of its launch, reflecting strong user adoption across Reliance's digital platforms. The announcements underscore Reliance's growing focus on artificial intelligence, digital content and high-speed connectivity services. Powered by Capital Market - Live News
Reliance to commission first phase of sovereign AI backbone in Jamnagar by end-2026
19 Jun 2026
Reliance Industries is building a sovereign AI backbone in Jamnagar, with the first phase of the project expected to be commissioned by the end of 2026, Akash Ambani said at the company's annual general meeting (AGM) on Friday.
The initial phase will have a capacity of 120 MW and will form the foundation of Reliance Intelligence's AI infrastructure. Akash Ambani said the company is operationalising an initial fleet of advanced Nvidia GB300 GPUs to power its AI ecosystem. He added that Reliance's partnership with Google has evolved into an AI-first collaboration aimed at serving hundreds of millions of Jio users. As part of the partnership, Google AI Pro, powered by Gemini, is being offered free of cost to users. Reliance Intelligence will provide sovereign AI hosting within India, enabling enterprises to deploy and manage AI models while retaining ownership and control over their data and intellectual property, Ambani said. He added that the platform will offer full model transparency and portability, allowing businesses to operate on India's sovereign AI infrastructure without compromising control over their AI assets. Powered by Capital Market - Live News
Reliance arm Jio Platforms approves DRHP for proposed IPO
19 Jun 2026
Reliance Industries announced that the board of Jio Platforms (JPL), its material subsidiary, has approved the Draft Red Herring Prospectus (DRHP) for a proposed initial public offering (IPO).
The proposed IPO will comprise a fresh issue of up to 27 crore equity shares with a face value of Rs 10 each. The issue price will be determined through the book-building process in accordance with SEBI regulations. Jio Platforms' board approved the DRHP at its meeting held on 19 June 2026. The company plans to file the draft offer document with the Securities and Exchange Board of India (SEBI), BSE and the National Stock Exchange of India (NSE). Reliance Industries said the proposed IPO remains subject to receipt of the necessary regulatory approvals. Jio Platforms is the digital services arm of Reliance Industries and houses businesses across telecom, digital platforms and technology services. Shares of Reliance Industries fell 1.19% to Rs 1311.90 on the BSE. RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. Powered by Capital Market - Live News
Reliance Industries Ltd soars 0.02%, gains for fifth straight session
17 Jun 2026
Reliance Industries Ltd is quoting at Rs 1329.1, up 0.02% on the day as on 12:44 IST on the NSE. The stock is down 7.06% in last one year as compared to a 3.09% drop in NIFTY and a 12.31% drop in the Nifty Energy.
Reliance Industries Ltd gained for a fifth straight session today. The stock is quoting at Rs 1329.1, up 0.02% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.23% on the day, quoting at 24044.25. The Sensex is at 77027.5, up 0.29%. Reliance Industries Ltd has slipped around 0.51% in last one month. Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has slipped around 1.36% in last one month and is currently quoting at 39915.4, up 0.36% on the day. The volume in the stock stood at 54.48 lakh shares today, compared to the daily average of 174.87 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1329.4, down 0.05% on the day. Reliance Industries Ltd is down 7.06% in last one year as compared to a 3.09% drop in NIFTY and a 12.31% drop in the Nifty Energy index. The PE of the stock is 42.03 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Reliance Industries rises after announcing AI-enabled data centre partnership with Meta
10 Jun 2026
Reliance Industries (RIL) gained 1.87% to Rs 1,293.35 on 10 June 2026 after the company announced a partnership with Meta Platforms to develop an AI-enabled data centre in Jamnagar, Gujarat.
RIL said it will build a 168 MW data centre for Meta, with the facility expected to be delivered within two years. The agreement also includes an option to scale up capacity in the future. The project marks Meta's first built-to-suit data centre capacity in India. Meta will lease capacity from the facility to support its global infrastructure and artificial intelligence computing requirements. Under the agreement, RIL will provide end-to-end services for the project, including design, construction, utility management, renewable power supply, network connectivity and operational services. The company said the Jamnagar location offers advantages such as access to renewable energy, water availability, proximity to submarine cable landing stations on India's western coast and connectivity through Jio's fibre network. RIL added that the data centre will run on renewable energy and use desalinated seawater for cooling. Commenting on the development, Mukesh D. Ambani said the partnership highlights India's growing role in the global AI ecosystem and will help establish Jamnagar as a major destination for hyperscale AI computing. Mark Zuckerberg said the facility will support Meta's global AI infrastructure expansion while strengthening its long-term investment in India. RIL said the project aligns with the Government of India's efforts to position data centres as strategic national infrastructure and attract global AI investments into the country. RIL is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. Powered by Capital Market - Live News
Reliance Industries Ltd slips for fifth straight session
12 May 2026
Reliance Industries Ltd is quoting at Rs 1377.3, down 0.79% on the day as on 13:19 IST on the NSE. The stock tumbled 2.71% in last one year as compared to a 4.21% slide in NIFTY and a 15.52% spurt in the Nifty Energy index.
Reliance Industries Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1377.3, down 0.79% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.15% on the day, quoting at 23542.8. The Sensex is at 75030.71, down 1.3%.Reliance Industries Ltd has added around 4.73% in last one month.Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has increased around 7.3% in last one month and is currently quoting at 40043.3, down 0.33% on the day. The volume in the stock stood at 114.87 lakh shares today, compared to the daily average of 210.24 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1380, down 1% on the day. Reliance Industries Ltd tumbled 2.71% in last one year as compared to a 4.21% slide in NIFTY and a 15.52% spurt in the Nifty Energy index. The PE of the stock is 42.84 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Reliance Industries Ltd up for fifth session
4 May 2026
Reliance Industries Ltd is quoting at Rs 1453.5, up 1.59% on the day as on 12:44 IST on the NSE. The stock is up 1.55% in last one year as compared to a 1.47% drop in NIFTY and a 18.58% drop in the Nifty Energy.
Reliance Industries Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1453.5, up 1.59% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.43% on the day, quoting at 24100.55. The Sensex is at 77262.1, up 0.45%. Reliance Industries Ltd has risen around 11.4% in last one month. Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has risen around 15.88% in last one month and is currently quoting at 40771.9, up 0.58% on the day. The volume in the stock stood at 110.53 lakh shares today, compared to the daily average of 229.71 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1463.7, up 1.99% on the day. Reliance Industries Ltd is up 1.55% in last one year as compared to a 1.47% drop in NIFTY and a 18.58% drop in the Nifty Energy index. The PE of the stock is 44.16 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Reliance Industries Ltd spurts 1.99%, gains for third straight session
29 Apr 2026
Reliance Industries Ltd is quoting at Rs 1416.6, up 1.99% on the day as on 12:49 IST on the NSE. The stock is up 0.83% in last one year as compared to a 0.05% drop in NIFTY and a 20.59% drop in the Nifty Energy index.
Reliance Industries Ltd is up for a third straight session in a row. The stock is quoting at Rs 1416.6, up 1.99% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 24321.3. The Sensex is at 77951.82, up 1.39%. Reliance Industries Ltd has risen around 5.41% in last one month. Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has risen around 18.49% in last one month and is currently quoting at 40990.7, up 0.74% on the day. The volume in the stock stood at 146.99 lakh shares today, compared to the daily average of 216.87 lakh shares in last one month. The benchmark May futures contract for the stock is quoting at Rs 1421.5, up 1.97% on the day. Reliance Industries Ltd is up 0.83% in last one year as compared to a 0.05% drop in NIFTY and a 20.59% drop in the Nifty Energy index. The PE of the stock is 42.87 based on TTM earnings ending March 26. Powered by Capital Market - Live News
Reliance Industries Q4 profit slips 8.9% YoY to Rs 20,589 crore; revenue rises 12.9%
27 Apr 2026
Reliance Industries reported a mixed performance for the March quarter, with profit declining even as revenue growth remained strong across key segments.
The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. EBITDA remained stable at Rs 48,588 crore during the quarter, as strong earnings growth in digital services and a positive contribution from retail were offset by weakness in energy businesses. On the cost front, depreciation increased 9.9% YoY to Rs 14,808 crore, while finance costs rose 7.0% YoY to Rs 6,585 crore, primarily due to the operationalisation of 5G spectrum assets. Tax expenses declined marginally by 1.3% YoY to Rs 6,579 crore. For the full year FY26, profit after tax including associates and JVs rose 17.8% YoY to Rs 95,754 crore. Gross revenue increased 9.8% YoY to Rs 11,75,919 crore, while EBITDA grew 13.4% YoY to Rs 207,911 crore. Annual depreciation rose 8.6% YoY to Rs 57,688 crore, driven by higher charges in the digital services business. Finance costs climbed 11.5% YoY to Rs 27,061 crore, again linked to 5G investments, while tax expenses increased 9.2% YoY to Rs 27,552 crore. Capital expenditure for the year stood at Rs 144,271 crore, reflecting continued investments across O2C, retail, telecom and new energy initiatives. Chairman Mukesh Ambani said the company navigated a challenging macro environment marked by geopolitical tensions, volatile energy prices and shifting global trade dynamics, supported by its diversified and domestically focused portfolio. Segment Performance (Q4 FY26): Jio Platforms delivered strong growth during the quarter, with revenue rising 12.7% YoY to Rs 44,928 crore and profit increasing 13% YoY to Rs 7,935 crore. EBITDA grew 17.9% YoY to Rs 20,060 crore, supported by subscriber additions, higher ARPU and margin expansion. ARPU stood at Rs 214, up 3.8% YoY, aided by better subscriber mix and engagement, though partly impacted by fewer days in the quarter. The subscriber base crossed 524 million, including 268 million 5G users. Reliance Retail also posted steady growth, with revenue rising 10.8% YoY to Rs 98,232 crore. EBITDA came in at Rs 6,921 crore, up 3.1% YoY, while profit rose marginally by 0.5% YoY to Rs 3,563 crore. The business added 1,564 stores during FY26, taking the total count to 20,160, while its customer base expanded to 387 million. The O2C segment saw revenue increase 12.4% YoY to Rs 184,944 crore, aided by higher crude prices and improved domestic fuel volumes. However, EBITDA declined 3.7% YoY to Rs 14,520 crore due to elevated feedstock costs, higher freight and insurance expenses, under-recoveries in fuel retailing, and the impact of export duties. In the oil and gas segment , revenue fell 8.9% YoY due to lower gas price realisations and reduced volumes from KG-D6. EBITDA declined 18.1% YoY to Rs 4,195 crore, impacted by higher operating costs and government levies. Meanwhile, the JioStar business reported revenue of Rs 9,784 crore and EBITDA of Rs 827 crore for the quarter, with strong traction in digital streaming and broadcast viewership. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The counter was trading up 1% at Rs 1339.90 on the BSE.
Reliance Industries Q4 profit slips 8.9% YoY to Rs 20,589 crore; revenue rises 12.9%
25 Apr 2026
Reliance Industries reported a mixed performance for the March quarter, with profit declining even as revenue growth remained strong across key segments.
The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Profit before tax stood at Rs 27,195 crore, down 6.6% YoY. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. EBITDA remained stable at Rs 48,588 crore during the quarter, as strong earnings growth in digital services and a positive contribution from retail were offset by weakness in energy businesses. On the cost front, depreciation increased 9.9% YoY to Rs 14,808 crore, while finance costs rose 7.0% YoY to Rs 6,585 crore, primarily due to the operationalisation of 5G spectrum assets. Tax expenses declined marginally by 1.3% YoY to Rs 6,579 crore. For the full year FY26, profit after tax including associates and JVs rose 17.8% YoY to Rs 95,754 crore. Gross revenue increased 9.8% YoY to Rs 11,75,919 crore, while EBITDA grew 13.4% YoY to Rs 207,911 crore. Annual depreciation rose 8.6% YoY to Rs 57,688 crore, driven by higher charges in the digital services business. Finance costs climbed 11.5% YoY to Rs 27,061 crore, again linked to 5G investments, while tax expenses increased 9.2% YoY to Rs 27,552 crore. Capital expenditure for the year stood at Rs 144,271 crore, reflecting continued investments across O2C, retail, telecom and new energy initiatives. Chairman Mukesh Ambani said the company navigated a challenging macro environment marked by geopolitical tensions, volatile energy prices and shifting global trade dynamics, supported by its diversified and domestically focused portfolio. Segment Performance (Q4 FY26): Jio Platforms delivered strong growth during the quarter, with revenue rising 12.7% YoY to Rs 44,928 crore and profit increasing 13% YoY to Rs 7,935 crore. EBITDA grew 17.9% YoY to Rs 20,060 crore, supported by subscriber additions, higher ARPU and margin expansion. ARPU stood at Rs 214, up 3.8% YoY, aided by better subscriber mix and engagement, though partly impacted by fewer days in the quarter. The subscriber base crossed 524 million, including 268 million 5G users. Reliance Retail also posted steady growth, with revenue rising 10.8% YoY to Rs 98,232 crore. EBITDA came in at Rs 6,921 crore, up 3.1% YoY, while profit rose marginally by 0.5% YoY to Rs 3,563 crore. The business added 1,564 stores during FY26, taking the total count to 20,160, while its customer base expanded to 387 million. The O2C segment saw revenue increase 12.4% YoY to Rs 184,944 crore, aided by higher crude prices and improved domestic fuel volumes. However, EBITDA declined 3.7% YoY to Rs 14,520 crore due to elevated feedstock costs, higher freight and insurance expenses, under-recoveries in fuel retailing, and the impact of export duties. In the oil and gas segment , revenue fell 8.9% YoY due to lower gas price realisations and reduced volumes from KG-D6. EBITDA declined 18.1% YoY to Rs 4,195 crore, impacted by higher operating costs and government levies. Meanwhile, the JioStar business reported revenue of Rs 9,784 crore and EBITDA of Rs 827 crore for the quarter, with strong traction in digital streaming and broadcast viewership. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The counter fell 1.15% to settle at Rs 1327.65 on Friday, 24 April 2026.
Reliance Inds inks $3-billion green ammonia supply deal with Samsung C&T Corporation
17 Mar 2026
Reliance Industries (RIL) announced that it has entered into a binding long-term supply and purchase agreement with Samsung C&T Corporation, South Korea, for the supply of green ammonia over a 15-year period starting in the second half of FY2029.
The agreement, valued at over $3 billion, is among the largest binding long-term green ammonia off-take agreements globally. The company said the SPA represents a significant milestone in India's clean-energy landscape, positioning the country as an exporter of green fuels produced through an end-to-end domestic value chain, including the manufacturing of critical clean-energy equipment, in line with India's National Green Hydrogen Mission (NGHM). RIL is developing a fully integrated new energy platform spanning renewable energy, energy storage, green hydrogen, and downstream green fuels and chemicals, supported by in-house manufacturing of key clean-energy technologies. A central pillar of this ecosystem is the indigenisation of technologies such as solar modules, battery energy storage systems (BESS), and electrolyser systems, aligning with the Government of India's vision for self-reliance and domestic manufacturing leadership. By integrating these capabilities within a single ecosystem, RIL aims to deliver green energy solutions that are competitive, scalable, and reliable for global markets while strengthening India's industrial base. The agreement with Samsung C&T is the first in a series of long-term offtake partnerships supporting the scale-up of RIL's New Energy platform. Anant Ambani, executive director, Reliance Industries, said, 'We are proud to partner with Samsung C&T to supply green ammonia that is cost-competitive and reliable. This partnership marks an important step in India's clean-energy journey. RIL's New Energy initiative aims not only to advance the energy transition but also to build a strong industrial platform for India by integrating India's renewable resources with the country's manufacturing leadership, world-class talent and innovation to produce valueadded green fuels and chemicals at scale. At the heart of this vision is our commitment to indigenising the critical technologies of the energy transition ' solar, battery energy storage systems, and electrolysers ' under a strong Make-in-India framework. Partnerships such as this will help scale our green hydrogen ecosystem and gigafactories, while contributing to India's ambition of becoming a global hub for green hydrogen and its derivatives.' Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. On a consolidated basis, the conglomerate reported a 1.6% rise in net profit to Rs 22,290 crore on a 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 over Q3 FY25. The counter rose 0.29% to Rs 1,399.05 on the BSE. Powered by Capital Market - Live News
RIL's FMCG division inks MoU with Finland's leading foods company Fazer
7 Mar 2026
Reliance Industries said that Reliance Consumer Products has signed a memorandum of understanding with Finnish foods major Fazer to establish a long-term partnership to manufacture, market and distribute latter's premium chocolates in India.
Reliance Consumer Products (RCPL) is the FMCG arm of Reliance Industries (RIL). Finland-based Fazer is a leading FMCG company in Northern Europe, renowned for its high-quality confectionery, bakery and plant-based products. Under the strategic arrangement, the companies will introduce Fazer's branded chocolate portfolio in the Indian market, combining Fazer's product formulations and quality standards with RCPL's local manufacturing capabilities and nationwide distribution network that reaches nearly three million retail outlets. The partnership aims to leverage RCPL's scale and consumer reach alongside Fazer's global chocolate brands to build a presence in India's rapidly expanding chocolate and confectionery market. The collaboration also supports RCPL's broader strategy of expanding its presence in chocolates and confectionery following earlier brand revivals such as Ravalgaon, Toffeeman, Pan Pasand and Lotus Chocolates, while providing Fazer an entry platform into the Indian market through an established domestic distribution and commercialisation partner. T. Krishnakumar, director, Reliance Consumer Products (RCPL), said: Partnering with Fazer is a strategic step towards introducing one of the world's finest chocolates to Indian consumers. This will also accelerate RCPL's growth in chocolates & confectionary market. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. On a consolidated basis, the conglomerate reported 1.6% rise in net profit to Rs 22,290 crore on 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 over Q3 FY25. The scrip had gained 1.11% to end at Rs 1405.20 on the BSE on Friday. Powered by Capital Market - Live News
Reliance Inds gains as crude surge boosts refining outlook
6 Mar 2026
Reliance Industries advanced 1.67% to Rs 1,413 on anticipation that the company might gain from escalating crude oil prices in light of the current Iran conflict and disturbances in the Strait of Hormuz.
The US Treasury Secretary, Scott Bessent has permitted a crucial 30-day waiver allowing Indian refiners to buy Russian oil. The move aims to stabilize energy markets amid escalating tension in the Middle East. Additionally, according to media reports, China has suspended fuel exports due to the West Asia conflict, which could potentially enhance refining margins for the company. Separately, the company's FMCG arm, Reliance Consumer Products (RCPL) has signed a memorandum of understanding (MoU) with Finland's leading foods company Fazer, to distribute premium chocolates in India. Fazer is a leading FMCG company in Northern Europe, renowned for its high-quality confectionery, bakery and plant-based products. In 2025, Fazer Group had net sales of EUR 1,200 million As part of MoU, the two companies will establish a long-term strategic partnership in India to produce, market, and distribute branded premium chocolates using Fazer's recipes and high-quality standards nationwide. The partnership would combine Fazer's iconic heritage brands, innovative product portfolio, and world's finest chocolates, with RCPL's substantial scale and access to nearly 3 million retail outlets across India, as well as deep expertise in the Indian market. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. On a consolidated basis, the conglomerate reported 1.6% rise in net profit to Rs 22,290 crore on 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live News
Reliance Industries rises on value buying; higher diesel margins seen supporting outlook
5 Mar 2026
Reliance Industries rose 3.28% to Rs 1,389.70 as investors stepped in for value buying after the stock witnessed a sharp correction in recent sessions.
The stock had declined 4.26% over the past three trading sessions amid rising geopolitical tensions in the Middle East, which had weighed on broader market sentiment. A domestic brokerage said the company could see near-term benefits from the recent surge in energy prices, driven by a sharp rise in diesel refining margins and a potential improvement in petrochemical spreads. Diesel cracks have reportedly climbed to around $35-$42 per barrel from about $20 earlier. Given that diesel accounts for a significant portion of output at Reliance's refinery, sustained cracks could boost the company's gross refining margins and support EBITDA growth. However, the brokerage cautioned that the spike in diesel cracks may not be sustainable and could prompt government intervention through windfall taxes if margins remain elevated. Reliance may also benefit from stronger petrochemical margins, supported by a diversified feedstock mix that reduces dependence on crude-linked inputs. Potential triggers for the stock include the possible initial public offering of Jio and a potential telecom tariff hike following the listing. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. On a consolidated basis, the conglomerate reported 1.6% rise in net profit to Rs 22,290 crore on 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live News
RIL's consumer division acquires Southern Health Foods
11 Feb 2026
Reliance Industries said that its FMCG arm Reliance Consumer Products (RCPL) has acquired leading health foods maker Southern Health Foods.
Based in Tamil Nadu, Southern Health Foods is key player in several health focused foods categories like packaged healthy foods including millets, oats, multi-grain products, health mixes, breakfast cereals, dry fruits, among others. Its flagship brand Manna is widely known for its healthy offerings in many emerging packaged foods categories like millet flour, baby foods and multigrain drink mix. RCPL has acquired 100% equity stake in Southern Health Foods (SHFPL) for an aggregate cash consideration of Rs 156.42 crore from the existing shareholders of SHFPL. The company stated that the addition of Manna adds further strength to RCPL's foods and staples portfolio that includes brands like Udhaiyam, Independence and SiL, through building a strong business vertical in the growing millet-based foods segment. T. Krishnakumar, director, Reliance Consumer Products, said, Manna is one of the most trusted names in the health focused foods market in Tamil Nadu with noticeable presence in the adjoining states. It is known for healthy offerings like millet-based staples and mixes, drinks and baby food. With our strong distribution, R&D and supply chain capabilities, Manna would be made available in other geographies - eventually making it a household name across the country.' Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The conglomerate had reported 1.6% rise in consolidated net profit to Rs 22,290 crore on 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 as compared with Q3 FY25. The scrip rose 0.13% to currently trade at Rs 1460.40 on the BSE. Powered by Capital Market - Live News
Reliance Industries Ltd rises for third straight session
4 Feb 2026
Reliance Industries Ltd is quoting at Rs 1455.6, up 1.29% on the day as on 12:49 IST on the NSE. The stock is up 13.88% in last one year as compared to a 8.55% jump in NIFTY and a 8.81% jump in the Nifty Energy index.
Reliance Industries Ltd is up for a third straight session today. The stock is quoting at Rs 1455.6, up 1.29% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25723.35. The Sensex is at 83606.72, down 0.16%. Reliance Industries Ltd has slipped around 7.76% in last one month. Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has slipped around 0.65% in last one month and is currently quoting at 35657.55, up 1.76% on the day. The volume in the stock stood at 47.1 lakh shares today, compared to the daily average of 150.92 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1459, up 1.25% on the day. Reliance Industries Ltd is up 13.88% in last one year as compared to a 8.55% jump in NIFTY and a 8.81% jump in the Nifty Energy index. The PE of the stock is 48.92 based on TTM earnings ending December 25. Powered by Capital Market - Live News
Reliance Inds edges lower after Q3 earnings announcement
19 Jan 2026
Reliance Industries (RIL) slipped 3.64% to Rs 1404.60 after the conglomerate announced its earnings for the quarter ended on 31 December 2025.
RIL has reported 1.6% rise in consolidated net profit to Rs 22,290 crore on 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 as compared with Q3 FY25. Profit before tax (PBT) for the period under review was Rs 29,697 crore, up 3.7% YoY. EBITDA improved by 6.1% to Rs 50,932 crore in Q3 FY26 from Rs 48,003 crore in Q3 FY25. EBITDA margin was 17.3% in Q3 FY26 as against 18% in Q3 FY25, down 70 basis points YoY. Finance costs increased by 7% YoY to Rs 6,613 crore ($ 736 million), largely due to operationalisation of 5G spectrum assets. Jio Platforms Limited (JPL): JPL's gross revenue increased by 12.7% to Rs 43,683 crore in Q3 FY26 from Rs 38,750 crore in Q3 FY25. EBITDA stood at Rs 19,303 crore, higher by 16.4% as compared with the value of Rs 16,585 crore posted in corresponding quarter last year. ARPU increased by 5.1% YoY to Rs 213.7 per subscriber per month with higher customer engagement, partly offset by promotional offers for unlimited 5G and fixed broadband services. Monthly churn was stable at 1.8%, with net subscriber addition of 8.9 million during the quarter. Reliance Retail Ventures Limited (RRVL): RRVL's revenue was Rs 97,605 crore (up 8.1% YoY) while EBITDA from operations was Rs 6,770 crore (up 2.1% YoY) in Q3 FY26. The demerger of consumer products division was completed during the quarter. The business expanded its store network with 431 new store openings, taking the total store count to 19,979 with area under operation at 78.1 million square feet. JioMart crossed exit daily orders of 1.6 million and recorded 53% QoQ and over 360% YoY growth in average daily orders, establishing itself as the fastest-growing player in hyper-local commerce. Oil to Chemical (O2C) Segment: Revenue from O2C segment for 3Q FY26 rose by 8.4% YoY to Rs 162,095 crore ($18.0 billion). Production meant for sale increased by 1.7% on a YoY basis. Fuel retailing operations through Jio-bp expanded its network by 14% YoY to 2,125 outlets, driving volume growth of 24.7% for HSD and 20.8% for MS. Segment EBITDA for 3Q FY26 increased by 14.6% YoY to 16,507 crore ($ 1.8 billion) due to sharp increase in transportation fuel cracks and higher Sulphur realisation partially offset by weakness in downstream chemical margins and higher feedstock freight rates. Favorable ethane cracking economics and domestic market placements continued to support profitability. Reliance BP Mobility (RBML) (operating under brand Jio-bp) operated a country-wide network of 2,125 outlets as on 31 December 2025 as against 1,865 outlets as on 31 December 2024. Oil & Gas (Exploration and Production) Segment: Revenue for Q3 FY26 was Rs 5,833 crore, down 8.4% YoY. This was on account of lower volumes and price realisation for KGD6 gas and condensate. The average price realized for KGD6 gas was $9.65 per MMBTU in Q3 FY26 vis-'-vis $9.74 per MMBTU in Q3 FY25. The average price realised for CBM gas was $9.29 per MMBTU in Q3 FY26 vis-'-vis $10.58 MMBTU in Q3 FY25. JioStar Business: JioStar reported strong revenues of Rs 8,010 crore with EBITDA (including other income) of Rs 1,303 crore for 3Q FY26. Television network reached over 830 million viewers, delivering over 60 billion hours of watch time. JioHotstar averaged 450 million monthly active users (MAUs); up 13% QoQ and almost on par with the IPL quarter (Q1 FY26), clearly demonstrating the platform's momentum. The network's TV entertainment viewership share improved by 100 basis points YoY to 34.6%, further solidifying its position as a preferred entertainment destination. Mukesh D. Ambani, chairman and managing director, Reliance Industries, said: FY26 reflects consistent financial delivery and operational resilience across businesses. This quarter, Jio expanded its subscriber base further, through attractive propositions enabled by its comprehensive, indigenous technology stack tailored for Indian markets. The business delivered a robust financial performance with 16.4% growth in EBITDA. Our Retail business also had an eventful quarter, strengthening its portfolio with the onboarding of fresh new brands and product ranges. The demerger of consumer products business came into effect this quarter. Robust growth in O2C business was led by significantly higher fuel margins with favorable demand-supply dynamics, along with operational flexibility. I am happy to highlight the strong growth in our fuel retailing business, with continuing expansion of the Jio-bp network. Upstream segment EBITDA was impacted by lower volumes and prices. Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains. I am confident that Reliance will play a pioneering role in the evolution of these epoch-defining technologies, providing sustainable solutions at scale for India and the world.' Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. Powered by Capital Market - Live News
Reliance Inds clocks PAT of Rs 22,290 crore in Q3 FY26
17 Jan 2026
Reliance Industries (RIL) has reported 1.6% rise in consolidated net profit to Rs 22,290 crore on 10% increase in gross revenue to Rs 293,829 crore in Q3 FY26 as compared with Q3 FY25.
Profit before tax (PBT) for the period under review was Rs 29,697 crore, up 3.7% YoY. EBITDA improved by 6.1% to Rs 50,932 crore in Q3 FY26 from Rs 48,003 crore in Q3 FY25. EBITDA margin was 17.3% in Q3 FY26 as against 18% in Q3 FY25, down 70 basis points YoY. Finance costs increased by 7% YoY to Rs 6,613 crore ($ 736 million), largely due to operationalisation of 5G spectrum assets. Mukesh D. Ambani, chairman and managing director, Reliance Industries, said: 'FY26 reflects consistent financial delivery and operational resilience across businesses. This quarter, Jio expanded its subscriber base further, through attractive propositions enabled by its comprehensive, indigenous technology stack tailored for Indian markets. The business delivered a robust financial performance with 16.4% growth in EBITDA. Our Retail business also had an eventful quarter, strengthening its portfolio with the onboarding of fresh new brands and product ranges. The demerger of consumer products business came into effect this quarter. Robust growth in O2C business was led by significantly higher fuel margins with favorable demand-supply dynamics, along with operational flexibility. I am happy to highlight the strong growth in our fuel retailing business, with continuing expansion of the Jio-bp network. Upstream segment EBITDA was impacted by lower volumes and prices. Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains. I am confident that Reliance will play a pioneering role in the evolution of these epoch-defining technologies, providing sustainable solutions at scale for India and the world.' Jio Platforms Limited (JPL): JPL's gross revenue increased by 12.7% to Rs 43,683 crore in Q3 FY26 from Rs 38,750 crore in Q3 FY25. EBITDA stood at Rs 19,303 crore, higher by 16.4% as compared with the value of Rs 16,585 crore posted in corresponding quarter last year. ARPU increased by 5.1% YoY to Rs 213.7 per subscriber per month with higher customer engagement, partly offset by promotional offers for unlimited 5G and fixed broadband services. Monthly churn was stable at 1.8%, with net subscriber addition of 8.9 million during the quarter. Reliance Retail Ventures Limited (RRVL): RRVL's revenue was Rs 97,605 crore (up 8.1% YoY) while EBITDA from operations was Rs 6,770 crore (up 2.1% YoY) in Q3 FY26. The demerger of consumer products division was completed during the quarter. The business expanded its store network with 431 new store openings, taking the total store count to 19,979 with area under operation at 78.1 million square feet. JioMart crossed exit daily orders of 1.6 million and recorded 53% QoQ and over 360% YoY growth in average daily orders, establishing itself as the fastest-growing player in hyper-local commerce. Oil to Chemical (O2C) Segment: Revenue from O2C segment for 3Q FY26 rose by 8.4% YoY to Rs 162,095 crore ($18.0 billion). Production meant for sale increased by 1.7% on a YoY basis. Fuel retailing operations through Jio-bp expanded its network by 14% YoY to 2,125 outlets, driving volume growth of 24.7% for HSD and 20.8% for MS. Segment EBITDA for 3Q FY26 increased by 14.6% YoY to 16,507 crore ($ 1.8 billion) due to sharp increase in transportation fuel cracks and higher Sulphur realisation partially offset by weakness in downstream chemical margins and higher feedstock freight rates. Favorable ethane cracking economics and domestic market placements continued to support profitability. Reliance BP Mobility (RBML) (operating under brand Jio-bp) operated a country-wide network of 2,125 outlets as on 31 December 2025 as against 1,865 outlets as on 31 December 2024. Oil & Gas (Exploration and Production) Segment: Revenue for Q3 FY26 was Rs 5,833 crore, down 8.4% YoY. This was on account of lower volumes and price realisation for KGD6 gas and condensate. The average price realized for KGD6 gas was $9.65 per MMBTU in Q3 FY26 vis-'-vis $9.74 per MMBTU in Q3 FY25. The average price realised for CBM gas was $9.29 per MMBTU in Q3 FY26 vis-'-vis $10.58 MMBTU in Q3 FY25. JioStar Business: JioStar reported strong revenues of Rs 8,010 crore with EBITDA (including other income) of Rs 1,303 crore for 3Q FY26. Television network reached over 830 million viewers, delivering over 60 billion hours of watch time. JioHotstar averaged 450 million monthly active users (MAUs); up 13% QoQ and almost on par with the IPL quarter (Q1 FY26), clearly demonstrating the platform's momentum. The network's TV entertainment viewership share improved by 100 basis points YoY to 34.6%, further solidifying its position as a preferred entertainment destination. Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. The scrip had shed 0.06% to end at Rs 1457.60 on the BSE on Friday. Powered by Capital Market - Live News
Corporate News
Reliance Industries declare Quarterly Result
11 Jul 2026
On 17 July 2026
Reliance Industries will hold a meeting of the Board of Directors of the Company on 17 July 2026.
Jio Platforms files DRHP for proposed IPO
19 Jun 2026
Jio Platforms (JPL) has today, i.e., 19 June 2026, filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in connection with its proposed IPO. The IPO will be subject to receipt of the required regulatory approvals.
Reliance Industries partners with Meta for data center project in Jamnagar, Gujarat
10 Jun 2026
Reliance Industries (RIL) today announced a partnership with Meta Platforms, Inc. (Meta) for a data centre project in Jamnagar, Gujarat. RIL will develop a data center with 168 MW capacity to be delivered within two years, with an option to scale. This is the first built-to-suit data centre capacity in India for Meta and represents a significant milestone in India's emergence as a global hub for AI infrastructure. Meta will lease capacity from the facility, marking a significant milestone in Meta's global infrastructure expansion and deepening the long-standing strategic partnership with Reliance ' one that spans connectivity, commerce, and AI innovation in one of the world's most dynamic digital markets. The data center will serve Meta's global infrastructure, supporting its core business and AI compute needs, underscoring India's growing role in the worldwide digital and AI ecosystem. Under the agreement, RIL will provide comprehensive end-to-end services spanning the entire lifecycle of the data centre - from design and construction to the ongoing management of utilities, renewable power supply, network connectivity, and fully managed operational services. This positions RIL as a single-window solutions provider for hyperscale AI infrastructure in India. The strategic location in Gujarat offers significant advantages for large-scale data centre operations, including delivery capability, renewable energy, water availability, proximity to India's western submarine cable landing stations and Jio's extensive fibre network. The data center will be powered by renewable energy and cooled with desalinated seawater, demonstrating both RIL's and Meta's commitment to sustainability.
Reliance Industries to convene AGM
28 May 2026
On 19 June 2026
Reliance Industries announced that the Annual General Meeting(AGM) of the company will be held on 19 June 2026.
Reliance Industries update on acquisition of Kandla GHA Transmission
7 May 2026
Reliance Industries has received a letter from PFC consulting informing the annulment of the existing bidding process. Accordingly, the Company will not be acquiring any stake in Kandla GHA Transmission.
Board of Reliance Industries recommends final dividend
25 Apr 2026
Of Rs 6 per share
Reliance Industries announced that the Board of Directors of the Company at its meeting held on 24 April 2026, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.
Reliance Industries schedules board meeting
18 Apr 2026
On 24 April 2026
Reliance Industries will hold a meeting of the Board of Directors of the Company on 24 April 2026.
Reliance Industries allots 66,088 equity shares under ESOP
16 Apr 2026
Reliance Industries has allotted 66,088 equity shares under ESOP on 16 April 2026.
Reliance Retail completes acquisition of 'Pahadi Local' brand
9 Mar 2026
Reliance Retail has completed the acquisition of brand 'Pahadi Local' along with business from Pahadi Goodness. 'Pahadi Local' is a fast-growing Indian beauty and wellness brand known for its nature-led, Himalayan-inspired formulations. Founded with a mission to bring the purity and efficacy of Himalayan ingredients into everyday personal care, Pahadi Local has emerged as a distinctive player in India's rapidly evolving beauty and wellness landscape. The brand is recognised for its clean formulations, conscious sourcing practices, and strong appeal among consumers seeking authentic, sustainable alternatives in skincare and wellness. Pahadi Local's portfolio is rooted in traditional Himalayan wellness knowledge, elevated through modern formulation science to deliver high-efficacy, purpose-led skincare. The brand works closely with women-led self-help groups across Ladakh and Himachal Pradesh, supporting local livelihoods alongside initiatives in healthcare, education, and environmental preservation. Its hero ingredient, Gutti Ka Tel (Apricot Kernel Oil), has earned industry recognition and strong consumer loyalty, alongside appreciation from leading voices and celebrities, and acknowledgment from Prime Minister Narendra Modi for its contribution to indigenous sourcing and enterprise. The brand's focus on transparency, minimal processing, and environmentally responsible practices aligns with Reliance Retail Limited's long-term vision for its beauty and personal care portfolio. Powered by Capital Market - Live News
Reliance Consumer Products signs MoU with Finland-based Fazer
6 Mar 2026
To accelerate RCPL's growth in chocolates & confectionary market in India
Reliance Consumer Products (RCPL), the FMCG arm of Reliance Industries, has signed a Memorandum of Understanding (MoU) with Finland's leading foods company Fazer. As part of this evolution, the two companies will establish a long-term strategic partnership in India to produce, market, and distribute branded premium chocolates using Fazer's recipes and high-quality standards nationwide. The partnership would combine Fazer's iconic heritage brands, innovative product portfolio, and world's finest chocolates, with RCPL's substantial scale and access to nearly 3 million retail outlets across India, as well as deep expertise in the Indian market. Together, the companies could have the potential to build a unique position in India's chocolate and confectionery market, which is expected to grow rapidly due to rising consumer incomes and organised retail penetration. T. Krishnakumar, Director, Reliance Consumer Products, said, 'Partnering with Fazer is a strategic step towards introducing one of the world's finest chocolates to Indian consumers. This will also accelerate RCPL's growth in chocolates & confectionary market. By combining Fazer's globally trusted brands and manufacturing excellence with RCPL's local production capabilities, robust distribution network, and deep consumer insights, we are well positioned to bring world-class products to Indian consumers and elevate the overall category experience.' Powered by Capital Market - Live News
Reliance Strategic Business Ventures acquires 50.1% stake in Sikhya Entertainment
3 Feb 2026
Reliance Strategic Business Ventures (RSBVL), a wholly owned subsidiary of Reliance Industries (RIL), on 2 February 2026, acquired 50.1% equity stake in Sikhya Entertainment (SEPL), one of India's most globally recognised and awarded production houses, through a combination of primary and secondary transactions, for an aggregate cash consideration of Rs 150 crore. This acquisition enables Jio Studios, the media and content arm of RIL, to further consolidate its pre-eminent position in the media and entertainment sector. Founded by Guneet Monga Kapoor and Achin Jain, Sikhya Entertainment has, over the past decade, redefined what Indian storytelling can achieve on the world stage. Sikhya is the only Indian production house to have won both an Academy Award' and multiple National Film Awards, a distinction that underscores its rare global and domestic impact. Its Academy Award' wins include Period. End of Sentence. (Best Documentary Short Subject) and The Elephant Whisperers (Best Documentary Short Film), while its National Film Award - winning films include Masaan, (Hindi), Soorarai Pottru (Tamil) and Kathal (Hindi), alongside recognition across major Indian and international platforms. Equally central to Sikhya's identity has been its commitment to discovering and championing new talent, from debut and early-career filmmakers to emerging writers and performance-driven storytelling, while creating defining moments for some of India's most celebrated actors. Its multilingual slate includes The Lunchbox, Masaan, Pagglait, Kathal and Kill, to name a few. Powered by Capital Market - Live News
Market Commentary - Mid-Session
Indices drift lower in early trade; breadth negative
19 Jun 2026
The key equity benchmarks traded with deep cuts in early trade, weighed down by heavy selling in index-heavyweight IT stocks. Sentiment weakened after IT major Accenture trimmed its FY26 revenue growth forecast and highlighted revenue risks stemming from West Asia-related challenges. Further, investors remained cautious amid the U.S. Federal Reserve's policy stance, with persistent inflation concerns and expectations of interest rates staying higher for longer weighing on market sentiment. However, market participants will closely monitor monsoon developments, FII activity, and inflation trends for directional cues. Nifty slipped below the 23,950 mark. IT, realty and consumer durables shares tumbled while pharma and media shares advanced. At 09:25 IST, the barometer index, the S&P BSE Sensex tumbled 793.24 points or 1.02% to 76,621.27. The Nifty 50 index declined 218.20 points or 0.91% to 23,949.50. In the broader market, the BSE 150 MidCap Index fell 0.42% and the BSE 250 SmallCap Index shed 0.03%. The market breadth was negative. On the BSE, 1,428 shares rose and 1,535 shares fell. A total of 170 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 1,025.20 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,516.81 crore in the Indian equity market on 18 June 2026, provisional data showed. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.03% to 6.845 compared with previous session close of 6.843. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 94.2200 compared with its close of 94.4025 during the previous trading session. MCX Gold futures for 5 August 2026 settlement fell 1.61% to Rs 146,875. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.07% to 100.92. In the commodities market, Brent crude for August 2026 settlement fell 63 cents or 0.79% to $79.22 a barrel. Stocks in Spotlight: Reliance Industries (RIL) rose 0.31. The company will hold its 49th Annual General Meeting (AGM) on June 19, with investors closely tracking updates on the much-anticipated Jio listing, artificial intelligence initiatives and the company's new energy business. According to stock exchange filings, the AGM will begin at 2 pm and will be conducted through video conferencing and other audio-visual means. The event is among the most closely followed corporate events in India, with investors looking for key strategic announcements after last year's AGM, where Mukesh Ambani outlined initiatives across telecom, AI and digital infrastructure. Bharat Forge rose 0.48%. The company's wholly owned defence subsidiary, Kalyani Strategic Systems, has entered into a strategic partnership with AM General, a leading provider of military vehicle and mobile defence capabilities, at the Eurosatory defence exposition. The partnership is aimed at enabling broader allied distribution and positioning the platform as a scalable and exportable artillery solution for partner nations. It targets demand for modern, mobile, and survivable 155mm firepower systems across global defence markets. HCL Technologies tumbled 5.34%. The company has launched the AI Innovation Zone in Chennai to enable enterprises to develop and operationalise Intel-based AI products along with HCLTech AI solutions. The initiative aims to accelerate the shift from experimentation to production-ready and cost-efficient AI deployments, strengthening enterprise adoption of scalable AI technologies. Global Markets: Most Asian markets declined on Friday even as peace in the Middle East with the reopening of the Strait of Hormuz pulled oil prices even lower and eased inflation fears. Mainland China and Hong Kong's stock markets are closed for the Dragon Boat Festival holiday. Taiwan was also on holiday. The U.S. dollar was on a tear, hovering near a 13-month high on its major peers, after a hawkish turn from the Federal Reserve led markets to price in more than one rate hike this year. As per reports, oil tankers have started sailing through the Strait of Hormuz after the United States lifted its blockade on Iran on Thursday as an interim deal to end the three-month war took effect. Overnight on Wall Street, U.S. stocks rose on Thursday, staging a comeback after the Federal Reserve indicated the possibility of a rate hike this year ' a move that sparked a sell-off in equities during the previous session. The S&P 500 added 1.08%, closing at 7,500.58, and the Nasdaq Composite climbed 1.91% to 26,517.93. The Dow Jones Industrial Average rose by 72.15 points, or 0.14%, to end at 51,564.70. Powered by Capital Market - Live News
Market Commentary - Stock Alert
Stock Alert: Reliance Inds, Axis Bank, IDFC First Bank, Paytm, RBL Bank
27 Apr 2026
Securities in F&O Ban: Shares of Steel Authority of India (SAIL) are banned from F&O trading on 27 April 2026. Q4 Results To Watch: Varun Beverages, Coal India, Adani Total Gas, AU Small Finance Bank, Aye Finance, Bajaj Housing Finance, Canara Robeco Asset Management Company , Agi Greenpac , Astec Lifesciences , City Union Bank , Prataap Snacks , Huhtamaki India , Jindal Saw , Kirloskar Pneumatic Company , Mahindra Holidays & Resorts India , Nippon Life India Asset Management , The Phoenix Mills , Piramal Finance , Punjab & Sind Bank, Rallis India , Rossari Biotech , SBI Cards and Payment Services , Supreme Industries , Tamilnad Mercantile Bank , UltraTech Cement , Unicommerce Esolutions, and Websol Energy System will declare their results later today. Stocks to Watch: Reliance Industries reported a mixed performance for the March quarter, with profit declining even as revenue growth remained strong across key segments. The company's consolidated profit after tax including share of profit/(loss) of associates and JVs fell 8.9% YoY to Rs 20,589 crore in Q4 FY26. Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production. Axis Bank reported a 0.64% marginally decrease in standalone net profit to Rs 7,071.31 crore in Q4 FY26 as against Rs 7,117.50 crore in Q4 FY25. Total income increased 1.90% year on year (YoY) to Rs 38,746.64 crore in Q4 FY26. The bank's net interest income (NII) for Q4 FY26 stood at Rs 14,457 crore up 5% YOY basis. Net Interest Margin (NIM) for Q4 FY26 stood at 3.62%. Core operating profit stood at Rs 10,619 crore. The bank's board also approved plan to raise up to Rs 55,000 crore. This includes up to Rs 35,000 crore via debt instruments such as bonds and debentures, and up to Rs 20,000 crore through equity issuance, including QIP, ADRs, GDRs or other permissible routes, subject to shareholder and regulatory approvals. IDFC FIRST Bank's standalone net profit rose 4.9% to Rs 318.94 crore on 7.73% increase in total income to Rs 12,182.81 crore in Q4 March 2026 over Q4 March 2025. One91 Communication (Paytm) announced that the Reserve Bank of India has cancelled the banking licence of its associate entity, Paytm Payments Bank with effect from the close of business on 24 April 2026, citing regulatory violations and concerns over depositor interest and governance. L&T Finance has reported a 26.79% rise in consolidated net profit to Rs 806.63 crore on a 18.47% increase in total income to Rs 4,771.10 crore in Q4 FY26 over Q4 FY25. The company has recommended a final dividend of Rs 2.75 per equity share (face value Rs 10) for FY26, subject to shareholder approval at the AGM. The dividend will be paid within 30 days of approval. RBL Bank's standalone net profit surged 234.37% YoY to Rs 229.71 crore in Q4 FY26 as against Rs 68.70 crore posted in Q4 FY25. Total income increased 7.01% year on year (YoY) to Rs 4,789.21 crore in the quarter ended 31 March 2026.
Stock Alert: Reliance Industries, L&T Technology Services, Sun Pharma, GMDC, RVNL
17 Mar 2026
Securities in F&O Ban: Sammaan Capital and Steel Authority of India shares are banned from F&O trading on 17 March 2026. Stocks to Watch: Reliance Industries (RIL) announced that it has entered into a binding long-term Supply and Purchase Agreement (SPA) with Samsung C&T Corporation, South Korea, for the supply of green ammonia over a 15-year period commencing in the second half of FY2029. L&T Technology Services announced the launch of an Nvidia-powered AI Lung Digital Twin platform for advanced respiratory diagnostics. Sun Pharmaceutical Industries announced that the US FDA has accepted the supplemental Biologics License Application (sBLA) for ILUMYA to treat active psoriatic arthritis. Gujarat Mineral Development Corporation (GMDC) announced that it has entered into a strategic collaboration pact with NMDC to explore opportunities in the rare earth elements sector. Rail Vikas Nigam announced that it has received a Letter of Award (LoA) worth Rs 95 crore from NMDC. Power Mech Projects announced that it has secured an order worth Rs 710 crore from Adani Infrastructure Management. RailTel Corporation of India announced that it has bagged a work order worth Rs 42.63 crore from National Informatics Centre Services Incorporated. Powered by Capital Market - Live News
Results - Announcements
Reliance Industries consolidated net profit declines 12.55% in the March 2026 quarter
25 Apr 2026
Sales rise 12.50% to Rs 294059.00 crore
Net profit of Reliance Industries declined 12.55% to Rs 16971.00 crore in the quarter ended March 2026 as against Rs 19407.00 crore during the previous quarter ended March 2025. Sales rose 12.50% to Rs 294059.00 crore in the quarter ended March 2026 as against Rs 261388.00 crore during the previous quarter ended March 2025. For the full year,net profit rose 15.98% to Rs 80775.00 crore in the year ended March 2026 as against Rs 69648.00 crore during the previous year ended March 2025. Sales rose 9.59% to Rs 1057219.00 crore in the year ended March 2026 as against Rs 964693.00 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 294059.00 261388.00 12 1057219.00 964693.00 10 OPM % 15.01 16.77 - 16.93 17.15 - PBDT 42003.00 42582.00 -1 180850.00 159153.00 14 PBT 27195.00 29103.00 -7 123162.00 106017.00 16 NP 16971.00 19407.00 -13 80775.00 69648.00 16 Powered by Capital Market - Live News
Reliance Industries consolidated net profit rises 0.57% in the December 2025 quarter
17 Jan 2026
Sales rise 10.38% to Rs 264905.00 crore
Net profit of Reliance Industries rose 0.57% to Rs 18645.00 crore in the quarter ended December 2025 as against Rs 18540.00 crore during the previous quarter ended December 2024. Sales rose 10.38% to Rs 264905.00 crore in the quarter ended December 2025 as against Rs 239986.00 crore during the previous quarter ended December 2024. Particulars Quarter Ended Dec. 2025 Dec. 2024 % Var. Sales 264905.00 239986.00 10 OPM % 17.37 18.25 - PBDT 44319.00 41824.00 6 PBT 29697.00 28643.00 4 NP 18645.00 18540.00 1 Powered by Capital Market - Live News
Insider Activity
Acquisitions
Anish Shah
Designated Person
Acquired 880 shares worth ₹11,96,580
Reported on 22 May 2026
Mode: Inheritance
Shaila Narayan
Immediate Relative
Acquired 3120 shares worth ₹44,30,088
Reported on 18 Feb 2026
Mode: Off Market
Ashwini Darshan Naphade
Immediate Relative
Acquired 960 shares worth ₹13,34,544
Reported on 9 Feb 2026
Mode: Inheritance
SHOBHA AGARWAL
Immediate Relative
Acquired 150000 shares worth ₹0
Reported on 27 Sept 2023
Mode: Gift
Reliance Industrial Investments and Holdings Limited
Promoter Group
Acquired 240942006 shares worth ₹0
Reported on 22 Aug 2023
Mode: Off Market
SHOBHA AGARWAL
Immediate Relative
Acquired 125000 shares worth ₹0
Reported on 23 May 2023
Mode: Gift
Anuradha Sethuraman
Immediate Relative
Acquired 30800 shares worth ₹0
Reported on 19 Feb 2022
Mode: Gift
DARSHAN PURUSHOTTAM NAPHADE
Designated Person
Acquired 800 shares worth ₹20,22,280
Reported on 4 Oct 2021
Mode: Inheritance
Chandra Shekhar Borar
Designated Person
Acquired 500 shares worth ₹12,42,283
Reported on 30 Sept 2021
Mode: Market Purchase
Disposals
B Narayan
Designated Person
Disposed 2320 shares worth ₹32,94,168
Reported on 18 Feb 2026
Mode: Off Market
Shobha Agarwal
Immediate Relative
Disposed 25000 shares worth ₹3,46,25,000
Reported on 12 Sept 2025
Mode: Market Sale
Shobha Agarwal
Immediate Relative
Disposed 100000 shares worth ₹13,85,00,000
Reported on 12 Sept 2025
Mode: Market Sale
SHOBHA AGARWAL
Immediate Relative
Disposed 150000 shares worth ₹0
Reported on 14 Dec 2023
Mode: Gift
DIPALI AJAY KEER
Immediate Relative
Disposed 933 shares worth ₹22,36,401
Reported on 29 Nov 2023
Mode: Market Sale
Nasib Kapoor
Immediate Relative
Disposed 2500 shares worth ₹63,75,000
Reported on 24 Mar 2022
Mode: Market Sale
Nasib Kapoor
Immediate Relative
Disposed 2500 shares worth ₹63,10,000
Reported on 24 Mar 2022
Mode: Market Sale
Nasib Kapoor
Immediate Relative
Disposed 5000 shares worth ₹1,20,00,000
Reported on 11 Mar 2022
Mode: Market Sale
Aparna Sethuraman
Immediate Relative
Disposed 30800 shares worth ₹0
Reported on 19 Feb 2022
Mode: Gift
Nasib Kapoor
Immediate Relative
Disposed 5000 shares worth ₹1,20,80,000
Reported on 18 Feb 2022
Mode: Market Sale
Chandra Shekhar Borar
Designated Person
Disposed 2000 shares worth ₹48,94,000
Reported on 13 Sept 2021
Mode: Market Sale
Chandra Shekhar Borar
Designated Person
Disposed 1000 shares worth ₹24,40,000
Reported on 13 Sept 2021
Mode: Market Sale
Nasib Kapoor
Immediate Relative
Disposed 5000 shares worth ₹82,39,573
Reported on 7 Sept 2021
Mode: Market Sale
ARUNA VINOD AMBANI
Immediate Relative
Disposed 1000 shares worth ₹21,97,914
Reported on 31 Aug 2021
Mode: Market Sale
VINOD MANSUKHLAL AMBANI
Designated Person
Disposed 1000 shares worth ₹21,97,283
Reported on 31 Aug 2021
Mode: Market Sale
Pledge Activity
Radhika Merchant
Directors Immediate Relative
Revoked 4895 shares worth ₹65,41,678
Reported on 20 May 2026
Mode: Revocation Of Pledge
Poornima Dileep Choksi
Immediate Relative
Revoked 1064 shares worth ₹16,78,407
Reported on 9 Jan 2026
Mode: Revocation Of Pledge
ANURADHA SETHURAMAN Revised
Immediate Relative
Pledged 5000 shares worth ₹1,27,51,250
Reported on 28 Jan 2024
Mode: Creation Of Pledge
ANURADHA SETHURAMAN Revised
Immediate Relative
Pledged 5000 shares worth ₹1,27,51,250
Reported on 3 Oct 2023
Mode: Creation Of Pledge
ANURADHA SETHURAMAN
Immediate Relative
Pledged 5000 shares worth ₹1,27,51,250
Reported on 3 Jul 2023
Mode: Creation Of Pledge
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