New Delhi: Reliance Industries Ltd (RIL) on Tuesday issued a clarification to stock exchanges refuting media reports that it had recently received Russian crude at its Jamnagar refinery, asserting that there was no undisclosed material information and no linkage between the news and movements in its share price.
In a filing dated January 6, 2026, the company said it had denied buying any Russian oil for delivery in January. However, a Bloomberg report subsequently claimed that three vessels carrying Russian crude were headed to RIL’s Jamnagar refinery. According to Reliance, Bloomberg later updated the report, clarifying that the cargoes earlier linked to the company were discharged elsewhere.
The company told BSE and NSE that all material information required under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, had already been disclosed, and that there was no information pending disclosure that could have influenced the price of its equity shares.
Reliance added that it remains committed to making timely disclosures in compliance with SEBI regulations and its agreements with stock exchanges.
The clarification comes amid heightened scrutiny of Indian refiners’ crude sourcing and market sensitivity to reports related to Russian oil flows.