RELIANCE

⚡ Oil & Refining Business Updates

📉 Stock Movement & Market Impact Reliance stock recently saw sharp correction (~4–5%), wiping out massive market value in a single session. The fall was mainly triggered by government reimposing windfall tax on fuel exports, which directly impacts refining margins. Over the past week and month, the stock has shown negative returns, indicating short-term pressure. However, latest session shows some technical recovery and breakout above resistance levels. ⚡ Oil & Refining Business Updates Reliance is benefiting from strong diesel exports to Southeast Asia, driven by global supply disruptions. It has emerged as a key supplier in Asia, capitalizing on higher refining margins. The company is also maximizing LPG production due to energy supply issues linked to geopolitical tensions. 🌍 Green Energy & Future Growth Major boost from a $3 billion green ammonia deal with Samsung C&T, strengthening its clean energy ambitions. This aligns with Reliance’s long-term strategy of building a new energy ecosystem (hydrogen, solar, batteries). The company continues to push toward its net-zero carbon goals and energy transition. ❗ Controversies / Clarifications Reliance denied reports of buying Iranian-origin crude oil, issuing an official clarification to avoid regulatory concerns.