Reliance Industries Adapts to Global Crude Market Volatility Amid Iran War
Reliance Industries (RIL) has diversified its crude sourcing to reduce dependence on AG crudes, adapting to the global market volatility caused by the Iran war and Middle East conflict. The company’s O2C business reported a 17.2% year-on-year increase in EBITDA to Rs 17,010 crore, despite multiple headwinds.