RIL rejects reports of buying Iranian crude, calls claims baseless Reliance Industries Limited on Thursday denied media allegations that it had purchased crude oil from Iran, describing the claims as baseless and misleading. In a statement, the company clarified that it had not engaged in any such transactions and urged media outlets to verify facts before publishing reports. The statement came in response to recent media coverage that had suggested the company had acquired Iranian crude, which sparked controversy in the energy sector. The allegations were first reported by Reuters, which cited three sources familiar with the matter. According to the report, Reliance Industries, which operates the world’s largest refining complex, had purchased approximately 5 million barrels of Iranian crude oil. This purchase occurred days after the U.S. temporarily eased sanctions on Iranian oil, allowing certain transactions to proceed under a 30-day waiver. The waiver applied to oil cargoes loaded on vessels, including tankers subject to sanctions, on or before March 20 and discharged by April 19. The U.S. administration’s decision to issue the waiver was part of a broader effort to manage the global oil market amid geopolitical tensions. The report noted that other Asian refiners, including Indian state-run companies, were evaluating whether they could take advantage of the limited waiver window to purchase Iranian oil. However, a senior executive at China’s Sinopec stated that the company had no intention of buying Iranian crude, highlighting the cautious approach many firms were taking. The situation has raised questions about the implications of U.S. sanctions policy on international energy trade.#us #iran #reliance_industries_limited #sinopec #reuters
RIL Share Price Live Updates: RIL Stock Price History Reliance Industries Limited (RIL) shares closed at Rs 1,414.40 on the previous trading day, reflecting a 0.47% decline. The stock’s performance over the past month has shown a negative trend, with a return of -1.41%. Despite this, RIL delivered a weekly return of 0.91%, indicating relative stability amid broader market fluctuations. The latest trading data reveals a volume of 22,994,918 shares traded on the day the stock closed lower. This volume surpasses the average of 18,179,632 shares recorded in the prior week, signaling increased investor activity. The stock’s market capitalization stands at Rs 19,105,14.49, with a last traded price of Rs 1,411.8. RIL’s financial metrics include a price-to-earnings ratio of 22.96 and an earnings per share (EPS) of Rs 61.49. These figures highlight the company’s valuation and profitability, though the recent downward trend in share price suggests market concerns about its performance or broader economic factors. The stock’s trading volume on the day of the update reached 18,979,554 shares, slightly higher than the previous week’s average. Analysts and investors are likely monitoring these metrics closely to gauge investor sentiment and potential shifts in the stock’s trajectory. The data provided reflects the market conditions as of 06:17:21 PM IST on 24 March 2026, offering a snapshot of RIL’s position in the stock market. Continued tracking of these indicators will be essential for understanding future movements in the stock’s value.#price_to_earnings_ratio #stock_price #market_capitalization #reliance_industries_limited #earnings_per_share
Key Stocks to Monitor on March 17: Reliance Industries, Sun Pharma, and Others The market is set to focus on several key stocks ahead of the upcoming trading session, with updates from major companies shaping investor sentiment. Tata Motors has announced plans to raise prices for its commercial vehicle range by up to 1.5%, effective April 1, 2026. The decision aims to counterbalance rising input costs and commodity prices. Meanwhile, Gujarat Mineral Development Corporation has entered into a memorandum of understanding with NMDC Ltd to explore collaboration in the rare earth elements sector, aiming to develop an integrated value chain in Gujarat. Reliance Industries Limited has secured a significant long-term agreement with Samsung C&T Corporation, committing to supply green ammonia over a 15-year period starting in the second half of FY2029. The deal, valued at more than $3 billion, underscores the company’s strategic push into sustainable energy solutions. Sun Pharmaceutical Industries Ltd has also received positive news, as the U.S. Food and Drug Administration has accepted for review a supplemental Biologics License Application for ILUMYA, targeting adults with active psoriatic arthritis. Rail Vikas Nigam Ltd (RVNL) has been granted a ₹95.27 crore contract by NMDC Ltd to refurbish permanent railway tracks and related infrastructure in Chhattisgarh. This project highlights the government’s efforts to modernize transportation networks. Sagar Cements Ltd has approved an offer for sale of up to 66.76 lakh equity shares, representing 7.24% of its subsidiary Andhra Cements Ltd, through a stock exchange mechanism at a floor price of ₹52 per share. Power Mech Projects Ltd has secured a ₹709.#tata_motors #gujarat_mineral_development_corporation #nmDC_ltd #reliance_industries_limited #sun_pharmaceutical_industries_ltd
