
Deals6 Jan 2026, 05:13 pm
Reliance Industries Denies Russian Oil Purchase Despite Bloomberg Report
AI Summary
Reliance Industries Ltd has denied purchasing Russian oil, following a Bloomberg report that claimed three vessels laden with Russian oil were heading for the company's Jamnagar refinery. However, Bloomberg later updated their report stating that the Russian oil cargo earlier linked to Reliance discharged elsewhere. The company asserts that there is no information that should have been announced and was not, in compliance with SEBI regulations and stock exchange agreements.
Key Highlights
- Reliance Industries denies purchasing Russian oil
- Bloomberg report claimed Russian oil vessels heading for Jamnagar refinery
- Bloomberg later updated report stating Russian oil cargo discharged elsewhere
- Company complies with SEBI regulations and stock exchange agreements
- No undisclosed information that should have been announced