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RIL denies report on Russia oil purchase
Business Standard
|January 07, 2026
Share price tumbles over 4%, the most in a day since June 2024
Shares of Reliance Industries Limited (RIL) tumbled on Tuesday, posting its biggest single-day decline in 19 months, amid controversy over its purchase of Russian oil and profit-booking after recent gains.
The stock of Reliance Industries declined 4.5per cent and ended the session at %1,508.90, its biggest one-day decline since June 4, 2024. Reliance Industries’ market capitalisation declined by %95,407 crore.
A news report last week claimed that at least three tankers carrying Russian crude oil are indicating Reliance Industries’ plant in India’s west coast as their next destination. Reliance Industries denied the report. And an updated news report on Tuesday said that the Russian oil cargo earlier linked to Reliance had been discharged elsewhere.
Dit verhaal komt uit de January 07, 2026-editie van Business Standard.
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