Reliance Industries joins historic $300B project in Texas refinery; Trump hails Indian giantReliance Industries joins historic $300B project in Texas refinery; Trump hails Indian giant

Introduction

Leading Indian conglomerate signed a 20 year fuel purchase agreement linked to proposed $300 billion Brownsville refinery project in the United States announced by Donald Trump.

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Share price movement of Reliance Industries

On March 11, 2026, Reliance Industries Ltd opened at ₹1,427.00, up 1.27% from its previous close of ₹1,409.05. The stock reached a high of ₹1,433.65 (1.75%) and a low of ₹1,392.05 (-1.21%). By 12:14 PM, it traded at ₹1,397.45, a 0.82% decrease, with a market cap of ₹18,91,095.39 crore.

Reliance Joins $300B US Refinery Project

Reliance Industries will be part of a $300 billion refinery project in Brownsville announced by Donald Trump. The project will be developed by America First Refining.

“It is because of our America First Agenda, streamlining Permits, and lowering Taxes, that have attracted Billions of Dollars in Deals coming back to our Nation. A new Refinery at the Port of Brownsville will fuel U.S. Markets, strengthen our National Security, boost American Energy production, deliver Billions of Dollars in Economic impact, and will be THE CLEANEST REFINERY IN THE WORLD. It will power Global Exports, and bring THOUSANDS of long overdue Jobs and Growth to a Region that deserves it. This is what AMERICAN ENERGY DOMINANCE looks like. AMERICA FIRST, ALWAYS!”, he said.

The refinery will process American shale oil. Construction is expected to begin in the second quarter. Reliance signed a binding 20-year agreement to purchase fuels from the refinery.

The development comes amid the West Asia conflict involving Iran. Iranian strikes targeted U.S. bases, embassies, and energy infrastructure in several Gulf nations.

Stock performance of Reliance Industries for period of 1 week, 6 months, and 1 year

Reliance Industries Ltd delivered a 4.74% return over the past week. The stock gained 0.99% in the past six months and rose 13.0% over the past one year.

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Shareholding pattern of Reliance Industries

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	50.00%	50.00%	50.10%
FII	19.10%	18.70%	19.20%
DII	20.30%	20.40%	19.90%
Public	11%	10.90%	10.80%

About Reliance Industries

Reliance Industries Ltd (NSE: RELIANCE) is an Indian conglomerate founded by Dhirubhai Ambani and led by Mukesh Ambani, with Ambani family holding about 50% shareholding.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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