Shares of Reliance Industries Ltd are buying and selling flat after touching a day’s excessive of Rs 1,557.80 on twenty first November. This follows the agency’s announcement on twentieth November that it has stopped importing Russian crude oil into its Particular Financial Zone (SEZ) refinery. The agency is finishing its transition to non-Russian feedstock forward of upcoming product-import restrictions.
A Reliance Industries spokesperson mentioned the corporate has stopped importing Russian crude oil into its SEZ refinery from twentieth November. From 1st December, all exports from this refinery will probably be made utilizing solely non-Russian crude. This variation completes the shift forward of the product-import restrictions that take impact on twenty first January, 2026. The SEZ refinery operates as a totally segregated facility devoted to its personal manufacturing line.
The spokesperson added that Reliance is honouring all pre-committed Russian crude shipments as of twenty second October, 2025. It’s because logistics have been already finalised. The ultimate cargo below these commitments was loaded on twelfth November. Any Russian crude arriving on or after twentieth November will probably be diverted to the corporate’s Home Tariff Space (DTA) refinery. This refinery just isn’t lined by the brand new SEZ-specific restrictions. All associated operational actions can nonetheless be accomplished in compliance with the legislation, the spokesperson mentioned.
Reliance’s resolution comes amid tightening international sanctions and stricter compliance guidelines on Russian oil. The Trump administration has additionally elevated strain on India to cease shopping for Russian power. Indian exports to the US at the moment face a 50% tariff — among the many highest. Moreover, there’s a 25% penalty imposed attributable to India’s continued imports of Russian oil.
At 1:08 PM, shares of Reliance Industries have been buying and selling 0.28% greater at Rs 1,553.40 on NSE.
Prepared to speculate like a professional? Unicorn Indicators app equips you with 100+ Free instruments and data it is advisable to succeed. Obtain the Unicorn Indicators app and acquire entry to every day inventory lists and insightful market evaluation and far more!
Click on right here to examine market prediction for subsequent buying and selling session.
