Reliance Industries has filed an official clarification with BSE and NSE regarding recent news reports about Russian oil deliveries to its Jamnagar refinery. The company addressed stock exchange queries following market volatility and confirmed that Bloomberg has since updated their original report.

Official Stock Exchange Communication

Reliance Industries submitted a formal clarification to both stock exchanges on January 6, 2026, addressing the Russian oil delivery controversy:

The company stated there is no linkage between the movement in equity share prices and the news article, emphasizing compliance with all disclosure obligations under SEBI regulations.

Bloomberg Report Update and Company Position

The filing revealed that Bloomberg has updated their news report with a significant correction:

Reliance clarified that despite their denial of purchasing Russian oil for January delivery, Bloomberg had initially published the report claiming three vessels laden with Russian oil were heading for the Jamnagar refinery.

Previous Market Impact and Recovery

The controversy had earlier triggered significant market reaction before the official clarification:

The stock had experienced significant selling pressure but showed signs of recovery during mid-session trading, indicating buying interest at lower levels.

Regulatory Compliance Assurance

In the official filing, Reliance emphasized its commitment to transparency and regulatory compliance. The company confirmed that no material information requiring disclosure under SEBI LODR Regulations 2015 has been withheld from stock exchanges. The filing was digitally signed by Company Secretary Savithri Parekh, reinforcing the formal nature of the clarification and the company's adherence to corporate governance standards amid the Russian oil delivery controversy.

Reliance Industries ' telecom subsidiary Jio has successfully added 1.39 million new mobile subscribers during November, marking another month of positive growth for the telecommunications giant.

Subscriber Growth Performance

The November subscriber addition demonstrates Jio's continued ability to attract new customers in India's competitive telecom landscape. This growth reflects the company's ongoing efforts to expand its customer base and strengthen its position in the digital services sector.

Market Position

Jio's subscriber acquisition in November underscores the telecom operator's sustained momentum in customer growth. The addition of 1.39 million subscribers represents the company's ability to maintain its competitive edge in India's dynamic telecommunications market.

The subscriber growth comes as Jio continues to focus on expanding its digital services footprint and enhancing its market presence across various customer segments. This performance indicates the company's ongoing success in attracting new users to its mobile network services.