Reliance Industries Ltd Share Price – NSE  / BSE

Refineries, Large Cap

Reliance Industries will hold a meeting of the Board of Directors of the Company on 16 January 2026.

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The company was responding to reports suggesting that shipments of Russian oil were approaching the Jamnagar complex. Reliance said its refinery has not received any Russian crude cargo for nearly three weeks and is not expecting any deliveries in January.

Reliance clarified that it had already committed in November 2025 to halting the use of Russian crude at its export-oriented unit, citing rising geopolitical and regulatory risks. These include the threat of higher US tariffs linked to purchases of Russian oil.

The company also pointed to inaccuracies in satellite-based vessel tracking data, stating that automated signals and intermediary-linked trades do not reflect its actual procurement plans. It said it is distancing itself from potential secondary sanctions and moving towards a more diversified crude sourcing strategy.

The issue remains sensitive as Russian oil imports have drawn scrutiny from the US. In August 2025, US President Donald Trump imposed 25% penalty tariffs on Indian imports over New Delhi?s purchases of Russian oil.

Reliance, once India?s largest buyer of Russian crude, said it is now sourcing non-Russian oil for exports to ensure sanctions compliance and continued access to key global markets.

Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.

The company?s consolidated net profit jumped 9.54% to Rs 18,165 crore on 9.94% increase in revenue from operations to Rs 2,58,898 crore in Q2 FY26 over Q2 FY25.

Shares of Reliance Industries are currently down 4.49% at Rs 1506.60 on the BSE.

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Under the joint venture agreement, RCPL holds a majority stake, while Udhaiyams? erstwhile owners hold a minority stake in the company. This joint venture will bolster RCPL?s efforts to offer ?global quality at affordable prices? to millions of consumers across the country.

The deal brings Tamil Nadu?s heritage nutrition brand, Udhaiyam, under RCPL?s fold, adding strength to the FMCG major?s branded staples portfolio. Through this acquisition, RCPL further reaffirms its commitment to the company?s core philosophy of promoting India?s heritage and legacy brands.

T. Krishnakumar, director, Reliance Consumer Products, said, ?Udhaiyam is a brand that needs no introduction. It has been serving healthy food choices to consumers for decades and is a true reflection of Tamil Nadu?s rich heritage enriched with its scientific temper and superior quality.

We are very excited to announce this joint venture, as it further strengthens RCPL?s presence in the branded staples space. This initiative also reaffirms our commitment to offering global-quality products to consumers at affordable price points, while promoting India?s legacy. I am sure that Udhaiyam will soon scale up to a national brand and satisfy consumers across India, just as it has earned the trust of millions in Tamil Nadu over decades.?

S. Sudhakar, managing director, Udhaiyams Agro Foods, stated, ?This partnership with RCPL opens up new opportunities for Udhaiyam. The brand has delighted consumers in Tamil Nadu for decades. When it comes to branded pulses, Udhaiyam is synonymous with the best quality for households across the state.

With RCPL now taking charge of its expansion, we are confident that the goodness of Tamil Nadu and the rich heritage of the land will resonate with consumers across geographies, while adding value to their lives as we increasingly transition towards a healthier lifestyle.?

Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.

The company?s consolidated net profit jumped 9.54% to Rs 18,165 crore on 9.94% increase in revenue from operations to Rs 2,58,898 crore in Q2 FY26 over Q2 FY25.

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Reliance Industries Ltd gained for a third straight session today. The stock is quoting at Rs 1523, up 1.98% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 25912.35. The Sensex is at 84598.03, up 0.87%. Reliance Industries Ltd has risen around 10.76% in last one month.

Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has risen around 2.9% in last one month and is currently quoting at 36069.85, up 0.67% on the day. The volume in the stock stood at 65.48 lakh shares today, compared to the daily average of 117.03 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1525.8, up 1.69% on the day. Reliance Industries Ltd is up 21.64% in last one year as compared to a 9.99% spurt in NIFTY and a 2.16% spurt in the Nifty Energy index.

The PE of the stock is 51.69 based on TTM earnings ending September 25.

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