The Exchange has sought clarification from Reliance Industries Limited with respect to recent news item captioned Reliance denies receiving Russian oil at its Jamnagar refinery in recent weeks. The response from the Company is awaited.
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The stock exchange has asked Reliance Industries to clarify a recent news report that claimed the company is not receiving Russian oil at its Jamnagar refinery in recent weeks. Reliance has not yet responded to the exchange's query. The company has publicly denied the claim, but its formal reply to the exchange is awaited. This is a standard clarification request, not a regulatory action or penalty.
No immediate impact on shareholders. The clarification is routine and the denial of the news item, if confirmed, could remove any uncertainty around Russian oil sourcing for the stock.