The stock exchange had sought a clarification from Reliance Industries Limited (RIL) regarding a recent news report titled “Reliance denies receiving Russian oil at its Jamnagar refinery in recent weeks.” In response, the company has stated that it does not see any direct linkage between the said news item and the movement in the price of its equity shares.
In its reply dated January 6, 2026, Reliance clarified that while the company had denied purchasing any Russian oil for delivery in January, a subsequent news report by Bloomberg claimed that three vessels carrying Russian oil were heading towards RIL’s Jamnagar refinery. However, Bloomberg later updated its report, clarifying that the Russian oil cargoes earlier linked to Reliance were discharged elsewhere and not delivered to the Jamnagar facility.
Amid the initial reports and market speculation, Reliance Industries’ stock witnessed a decline of around 4% on January 6. The company reiterated that such price movement was not driven by any material development related to the news article.
From a fundamental perspective, Reliance Industries continues to maintain stable financial metrics. The company currently has a return on equity (RoE) of approximately 9.5%. It has also maintained a consistent dividend payout, having declared a dividend of ₹5.50 per share on two occasions during the last year. Over the past one year, the stock has delivered a return of nearly 25%, reflecting sustained investor confidence in the company’s long-term business outlook.
Overall, the clarification aims to reassure investors that there has been no material change in the company’s operations related to the reported news, and that recent stock price volatility appears to be sentiment-driven rather than fundamentally driven.
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