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Reliance Industries stops using Russian crude at its export-only Jamnagar SEZ refinery ahead of EU fuel sanctions starting January 2026. All future exports from December 1 will be made from non-Russian oil to ensure full compliance.

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance Industries stops using Russian crude at its export-only Jamnagar SEZ refinery ahead of EU fuel sanctions starting January 2026. All future exports from December 1 will be made from non-Russian oil to ensure full compliance.

Reliance Industries Ltd has said it has halted the use of Russian crude at its export-only refinery in Jamnagar, Gujarat, as the company moves to comply with European Union sanctions.
Reliance is India's largest buyer of Russian oil, which it processes and turns into fuel, such as petrol and diesel, at its giant oil refining complex at Jamnagar.
The complex is made up of two refineries - one SEZ unit from which fuels are exported to the European Union, the US and other markets, and an older unit that caters to the domestic market.
The European Union - a big market for Reliance - has imposed wide-ranging sanctions targeting Russia's energy revenues, including measures that restrict the import and sale of fuels produced from Russian crude oil. To comply with these, Reliance has stopped processing Russian crude oil at its only-for-exports (SEZ) refinery.
"We have stopped importing Russian crude oil into our SEZ refinery with effect from November 20," a company spokesperson said in a statement on Thursday.
As is the case with any large industrial factory, the refinery must have past raw material (crude oil) inventories, which it is currently processing and turning into fuels. Once the old inventory runs out, newer products will only be made from non-Russian oil.
"From December 1, all product exports from the SEZ refinery will be obtained from non-Russian crude oil," the firm said. "The transition has been completed ahead of schedule to ensure full compliance with product-import restrictions coming into force in January 2026."
Last month, when the US sanctioned Russia's largest oil exporters - Rosneft and Lukoil, the firm had stated that it would meet all applicable restrictions and would adjust its refinery operations to meet compliance requirements.
"We have noted the recent restrictions announced by the European Union, the United Kingdom and the United States on crude oil imports from Russia and export of refined products to Europe. Reliance is currently assessing the implications, including the new compliance requirements," Reliance had said on October 24.
Reliance, which operates the world's largest single-site oil refining complex at Jamnagar in Gujarat, purchased about half of the 1.7-1.8 million barrels per day of discounted Russian crude shipped to India.
The company refines the crude into petrol, diesel and aviation turbine fuel (ATF), a large share of which is exported to regions such as Europe and the United States, at market prices, generating strong margins.
All this may change after US President Donald Trump imposed sanctions on Open Joint Stock Company Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil) -- Russia's two largest oil companies that he accuses of helping fund the Kremlin's "war machine" in Ukraine.
Additionally, the European Union has barred the import of fuel made from Russian crude, starting January 2026.
"We will comply with the EU's guidelines on the import of refined products into Europe," Reliance had said.
On Thursday, the firm said the crude oil import in SEZ is a fully segregated facility catering to the production line in SEZ.
"All pre-committed liftings of Russian crude oil as of October 22, 2025, are being honoured, considering all transport arrangements were already in place."
"The final such cargo was loaded on November 12. Any (Russian) cargoes arriving on or after November 20 will be received and processed at our refinery in the domestic tariff area (DTA)," it said. "All operational activities ordinarily incident to such oil supply transactions can be completed, we believe, in a compliant way."
Reliance, which has signed a 25-year deal to buy up to 5,00,000 barrels of crude oil per day (25 million tonnes in a year) with Rosneft, has been cutting Russian imports since the US sanctions.
The company has huge business interests in the US and cannot risk attracting scrutiny.
Reliance, which bought an estimated USD 35 billion worth of Russian oil since the start of the Ukraine war in February 2022, started "recalibration" of its imports soon after the European Union adopted its 18th package of sanctions against Moscow in late July this year.
Recalibration is nothing but moving the import requirement to a different region. And this may get expedited now, industry sources said. Transactions involving the two sanctioned Russian firms need to be wound down by November 21.
Russia currently supplies nearly a third of India's crude imports, averaging around 1.7 million barrels per day (mbd) in 2025, of which approximately 1.2 mbd came directly from Rosneft and Lukoil.
Most of these volumes were bought by private refiners, Reliance Industries Ltd and Nayara Energy, with smaller allocations to state-owned refiners.

US sanctions on Russia’s top oil firms Rosneft and Lukoil may force Reliance Industries to recalibrate imports, while state refiners continue via intermediaries.

US sanctions on Russian firms to hit Reliance; PSUs likely to keep buying Russian oil via traders

US sanctions on Russia&rsquo;s top oil firms Rosneft and Lukoil may force Reliance Industries to recalibrate imports, while state refiners continue via intermediaries.

US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now.
Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net).
Billionaire Mukesh Ambani's Reliance Industries Ltd - India's largest buyer of Russian crude, accounting for roughly half of the country's 1.7 million barrels per day of imports from Moscow - may however have to recalibrate its imports as it buys crude oil directly from Russia's Rosneft, they said.
Reliance had in December 2024 signed a term deal with Russia's Rosneft - now sanctioned - to import as much as 500,000 barrels per day of Russian oil for 25 years.
It also buys oil from intermediaries.
The company did not immediately respond to an email sent for comments.
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) imposed further sanctions on Open Joint Stock Company Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil) - Russia's two largest oil companies that the Trump administration accuses of helping fund the Kremlin's "war machine" in Ukraine.
The two companies together export 3.1 million barrels of oil per day.
Rosneft alone is responsible for 6 per cent of global and nearly half of all Russian oil production.
India became the largest purchaser of Russian crude since Moscow's 2022 invasion of Ukraine, capitalising on steep discounts that followed Western buyers' withdrawal.
Russian oil is bought both by private sector firms - Reliance Industries Ltd and Rosneft-backed Nayara Energy - and state-owned refiners Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), Mangalore Refinery and Petrochemicals Ltd and HPCL-Mittal Energy Ltd (HMEL).
State-owned refiners do not have any term or fixed quantity deal with either Rosneft or Lukoil and typically buy Russian oil through tenders.
In these tenders, oil traders, mostly European or ones based in Dubai and Singapore, who had purchased oil from Russian entities, participated.
These traders have not been sanctioned by the US, sources said adding European Union sanctions too had not targeted these traders.
And even if some traders shy away from picking Russian volumes, Moscow is capable of overnight resurrecting new ones with Dubai registration, sources said, adding these traders can buy oil from Russian firms and sell to refiners such as those in India and China.
"The measures by the Trump administration are 'half-hearted'," a source involved in the business said.
"For months, US President Donald Trump has resisted pressure from US lawmakers to impose energy sanctions and even now the ones who do bulk of the trade are out of its net."
Another source said the markets are somehow not buying into Trump's latest sanctions.
"If sanctions were so impregnable, international oil prices would have jumped at least USD 5-10 per barrel on news of such large volumes going out of the market.
Instead what we saw was just a USD 2 per barrel increase, implying the market believes not all of the oil that is exported from Russia is going anywhere."
Nayara Energy, in which Rosneft holds a 49.13 per cent stake, is the other big private sector buyer of Russian oil.
The company, which operates a 20 million tonnes a year oil refinery at Vadinar in Gujarat, has already been sanctioned by the European Union and it may have to recalibrate its purchases, sources said.
Nayara did not respond to an email seeking comments.
Kesani Enterprises Company Limited - a consortium led by Mareterra and Russian investment group United Capital Partners (UCP) - holds another 49.13 per cent stake in Nayara.
Sources said the Indian government has not so far given any instruction to refiners on stopping or reducing Russian oil imports.
They said Trump's recent comments on India agreeing to stop all purchases of Russian oil (with no such commitment being made by New Delhi) may have got to do with the European Union (EU) sanctions on import of fuel made from Russian oil.
The EU has banned import of fuels refined from Russian crude with effect from January 21 next year.
Reliance, whose one of the two refineries is only-for-export, refines Russian crude into fuels like petrol and diesel, some of which is exported to the EU.
MRPL also exports to the EU.
From January, such exports will have to stop and in a way Reliance and MRPL will have to cut Russian oil purchases if they have to continue to export to EU, they said adding Nayara has already stopped fuel exports to EU after being sanctioned.
With three big buyers of Russian oil recalibrating their purchases, Russian flows will reduce by January and this is something that Trump may be using as a bargaining chip to beat around his point, they added.

Reliance Industries, bonus shares, 1:1 bonus issue, shareholder news, stock market, dividend payouts, share price adjustment, Reliance board, investment strategy, stock liquidity, Indian stock market, bonus share benefits, Reliance bonus, equity mark

Reliance Industries Shares For Free: Board Led By Mukesh Ambani Approves 1:1 Bonus Issue

Reliance Industries has announced a 1:1 bonus share issue, meaning shareholders will receive an additional share for each one they hold. While the share price will adjust, this move can boost liquidity and potentially lead to higher dividends.

Are you a shareholder of Reliance Industries? Then this news is for you!
The board of India&rsquo;s largest company has just approved a 1:1 bonus issue.
What does this mean for shareholders?
If you hold a share of Reliance Industries on the record date fixed by the company, you&rsquo;ll receive an additional share soon.
However, doubling the number of shares doesn&rsquo;t mean doubling your investment.
Typically, after a bonus issue, the stock price adjusts downward to account for the increase in the number of shares.
However, it usually make the stock more liquid and might lead to higher dividend payouts.
Bonus issues are often used to reward shareholders and make shares more accessible.

Reliance Industries share price went up close to Rs 3,000 per share on Thursday after announcing its joint venture with Viacom 18 and Disney the previous day

After announcement of deal with Disney, Reliance hits new-lifetime highs, m-cap tops Rs 20 trillion

<h2>Reliance Industries share price went up close to Rs 3,000 per share on Thursday after announcing its joint venture with Viacom 18 and Disney the previous day</h2>

Shares of Reliance Industries surged to a new-lifetime high on Thursday after announcing a binding agreement to form a joint venture with Viacom 18 and Disney. RIL surged more than 3.12% to hit a new 52-week high of Rs 2,999.85 on Thursday with market capitalisation at about Rs 20.3 lakh crore.&nbsp;
<h3>Reliance-Disney deal&nbsp;</h3>
As per the binding definitive agreements integrating the operations of Viacom18 and Star India, Reliance Industries will invest Rs 11,500 crore.
Under the terms of the agreement, the media division of Viacom18 will be amalgamated into Star India Pvt Ltd through a court-approved scheme of arrangement. Reliance and its affiliates will hold 63.16% in the combined entity while Disney will hold the remaining 36.84%, the companies said in a statement.
Also Read: <a href="https://www.editorji.com/business-news/reliance-industries-and-walt-disney-announce-joint-venture-ril-to-invest-rs-11-500-crore-1709130684447">Reliance Industries and Walt Disney announce joint venture, RIL to invest Rs 11,500 crore</a>
The company further said that Nita Ambani will serve as the Chairperson of the joint venture, with Uday Shankar appointed as Vice Chairperson. The transaction values the JV at Rs 70,352 crore ($8.5 billion) on a post-money basis, excluding synergies.
The Mukesh Ambani-promoted company will control the joint venture via a 16.34% direct stake and 46.82% held through Viacom 18
As per JM Financials and said RIL has industry leading capabilities across businesses to drive robust 14%-15% EPS CAGR over the next 3-5 years.&nbsp;
"Given that RIL&rsquo;s effective stake in Viacom18 is 71%, RIL&rsquo;s effective stake in the JV could be 49.6%. Hence, net value from the JV for RIL could be Rs 23,400 crore or Rs 35% share. We reiterate 'buy' on RIL with an unchanged target price of Rs 3,050 as we believe net debt concerns are behind us," JM Financial.
Motilal Oswal has also said that RIL would get a larger pie in the media and entertainment business. While noting the JV to have exclusive rights to distribute Disney films and productions in India the brokerage suggested a target price of Rs 3,210 on the stock. Global brokerage firm Jefferies too had maintained a 'buy' rating on RIL with a target price of Rs 3,140

Following closely behind Reliance Industries is TCS, with a market cap of 15.07 lakh crore rupees, and HDFC Bank with a 10.56 lakh crore market cap

Reliance Industries first Indian company to surpass ₹20 Lakh crore market cap; shares touch record high

<h2>Following closely behind Reliance Industries is TCS, with a market cap of 15.07 lakh crore rupees, and HDFC Bank with a 10.56 lakh crore market cap</h2>

Reliance Industries has achieved a historic milestone by becoming India's first company to surpass Rs 20 lakh crore in market capitalization.
The flagship company's stock reached a record high touching 2,940 rupees per share on Tuesday. This follows a 14% rally in the stock since the beginning of 2024 and gained 40% over the last one year.
As per CNBC-TV18, out of the 35 analysts that track Reliance Industries, 28 or 80% of them have a "buy" recommendation, five have a "hold" call on the stock, while two have a "sell" recommendation. Following closely behind Reliance Industries is TCS, with a market cap of 15.07 lakh crore rupees, and HDFC Bank with a 10.56 lakh crore market cap.&nbsp;
Thanks to the company's performance in the stock market, Ambani's personal wealth has significantly increased this year. Last month, he rejoined the exclusive club of centibillionaires, with his net worth reaching approximately $109 billion, according to Bloomberg's Billionaire Index.

Reliance Industries ranked 44th with a total valuation of 198 billion dollars, dropping ten places as its net worth decreased by 2% in the past year. Following closely were Tata Consultancy Services at 60th position and HDFC Bank at 68th

Reliance Industries: Most valuable company in India, ranks 44th globally; as per Hurun Global 500 list 

<h2>Reliance Industries ranked 44th with a total valuation of 198 billion dollars, dropping ten places as its net worth decreased by 2% in the past year. Following closely were Tata Consultancy Services at 60th position and HDFC Bank at 68th</h2>

Reliance Industries maintains its position as the most valuable company in India, as per the 2023 Hurun Global 500 released on Wednesday. However, on the global stage, no Indian company secured a spot within the top 40. Reliance Industries ranked 44th with a total valuation of 198 billion dollars, dropping ten places as its net worth decreased by 2% in the past year. Following closely were Tata Consultancy Services at 60th position and HDFC Bank at 68th. TCS saw a 14% increase in net worth to 158 billion dollars, improving its rank by five spots in 2023. Globally, the report notes a historic moment as five companies surpassed the 1 trillion dollars valuation mark, including Apple, Microsoft, Alphabet, Amazon, and Nvidia. Titan Company and Sun Pharmaceutical Industries secured spots in the top 500 rankings, with Titan expanding through the opening of 90 new stores, and Sun Pharma making strategic acquisitions in Israel. However, 48 companies, including Binance and Activision Blizzard, dropped off the list due to decreased valuations.
Notably, three Adani group companies - Adani Transmission, Adani Green Energy, and Adani Total Gas - saw a decline in rankings for India. The country slipped one rank to the sixth position overall, with a total of 18 companies on the list.

Mukesh and Nita Ambani's children Isha, Akash, and Anant Ambani are inducted to the Reliance Board with Isha and Akash securing over 98% of votes and Anant receiving 92.75% votes.

Reliance Industries shareholders approve Mukesh Ambani's children Isha, Akash, and Anant Ambani to join the Board

Mukesh, Nita Ambani's children Isha, Akash and Anant are inducted to the Reliance Board with Isha and Akash securing over 98% votes and Anant receiving 92.75% votes

Mukesh Ambani's children, Akash, Isha, Anant get shareholder approval to join Reliance Board

<h2>Mukesh, Nita Ambani's children Isha, Akash and Anant inducted to the Reliance Board with Isha and Akash securing over 98% votes and Anant receiving 92.75% votes</h2>

Reliance Board Directors:&nbsp;Mukesh Ambani's children Isha, Akash, and Anant have received the required shareholder approval to join the Reliance board. As per a company filing, twins Akash and Isha who are 32 years old received over 98% of votes for being appointed on the board of Reliance while Anant, aged 28 got 92.75% of votes.
<h3>Reliance Industries shareholders approve Mukesh Ambani's children to the board</h3>
All three of them have been closely involved with Reliance Industries leading and managing key businesses over the last few years.
Akash Ambani, the eldest son of Mukesh and Nita Ambani was elevated as chairman of Reliance Jio Infocomm in June last year, while his twin sister Isha Ambani leads the Reliance retail business. The youngest son Anant Ambani is closely associated with Reliance's renewable energy transition.
Also Read: <a href="https://www.editorji.com/business-news/mukesh-ambani-s-son-anant-ambani-faces-pushback-for-appointment-to-reliance-board-1697529307795">Mukesh Ambani's son Anant Ambani faces pushback for appointment to Reliance Board</a>
Reliance chairman Mukesh Ambani has mentioned that he will spend the next five years to train them to take charge of the conglomerate's transformation into a digital, consumer and green energy behemoth.
Recently in an interview to CNBC-TV18 Nita Ambani talked about inducting her three children to the Board of Directors when she said that from boardrooms to playgrounds, women should be treated as equals.
&ldquo;It&rsquo;s time we treat our girls and boys equally, whether in boardrooms or on playgrounds,&rdquo; said Nita Ambani.&nbsp;
She went on to say that she has never differentiated among her children. "But I think for girls to learn that they are equal, they have to see that (at) their homes they have mentors who know that they're not anything less than boys. I have never differentiated between Isha, Akash, and Anant. Whatever my boys could do, my daughter could do too", she said.&nbsp;

Among the listed unicorns, the valuation of Nykaa, Zomato, Paytm and Policybazaar declined by Rs 7,872 crore during the review period, it said

Hurun India report: Reliance Industries is the most valuable firm followed by these

Among the listed unicorns, the valuation of Nykaa, Zomato, Paytm and Policybazaar declined by Rs 7,872 crore during the review period, it said

Billionaire Mukesh Ambani's Reliance Industries Ltd is the most valuable private company in the country, as per Hurun India's 2022 Burgundy Private Hurun India 500 list.
The list, which was released on Tuesday, stated that with a value of Rs 16.4 lakh crore, Reliance is India's most valuable company, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore.
Reliance is also the highest taxpayer with a payout of Rs 16,297 crore and the most profitable company with a bottomline of Rs 67,845 crore in 2022-23.
The list ranked vaccine maker Serum Institute of India as the most valuable unlisted company in the country with Rs 1.92 lakh crore in value. It overtook National Stock Exchange which was pushed to the No. 2 spot with Rs 1.65 lakh crore in value. Byju's with Rs 69,100 crore value came in at No.3.
The list by Burgundy Private, Axis Bank's Private Banking Business and Hurun India tracks changes in the value of the top 500 Indian companies during the six-month period (from October 30, 2022, to April 30, 2023), it said in a statement.
It is a list of the 500 most valuable non-state-owned companies in India, ranked according to their value, defined as market capitalization for listed companies, and valuations for non-listed companies.
"The total value of the top 500 companies in India declined marginally by 6.4 per cent to Rs 212 lakh crore from Rs 227 lakh crore as of October 30, 2022," it said adding the companies on the list underperformed compared to SENSEX and other global indices.
The total value of the top 10 companies remains unchanged at Rs 71.5 lakh crore, equivalent to 37 per cent of India's GDP and 31 per cent of the total value of the 2022 Burgundy Private Hurun India 500.
By absolute value, the biggest gainers were HDFC Bank, ITC and Housing Development Finance Corporation.
In comparison, eight companies in the Adani Group decreased their value by 52 per cent or Rs 10,25,955 crore after they were hit by a scathing Hindenburg report.
The report said the value of Reliance decreased by 5.1 per cent, or Rs 87,731 crore in the last six months. While the total value of TCS increased marginally by 0.7 per cent and HDFC Bank increased by 12.9 per cent.

Reliance Industries had announced demerger of its financial services business into separate entity last october. Jio Financial services Ltd will be listed on stock exchanges

RIL begins demerger of its financial services; Calls shareholder meeting

Reliance Industries had announced demerger of its financial services business into separate entity last october. Jio Financial services Ltd will be listed on stock exchanges

Reliance Industries is in the process of demerging its financial services business and has called for a shareholder and creditors meet scheduled to be held on 2nd May 2023.
The meeting is being called as per an order by the Mumbai Bench of the National Company Law Tribunal. After the demerger, the name of the Reliance Strategic Investments (RSIL) shall be changed to Jio Financial Services Limited.&nbsp;
Reliance Industries has approved the scheme of arrangement between RIL and RSIL last October. Mukesh Ambani announced the demerger of its financial services business into a separate entity and subsequent listing it on the stock exchanges last year. The demerger will be done through a share-swap arrangement. Hence, RIL shareholders will get one share of Jio financial services for every share they hold in RIL.&nbsp;
RIL's investment in Reliance Industrial Investments and Holdings (RIIHL), which is a part of the financial services holdings will be transferred to Jio Financial services. Currently, RIIHL is the ultimate beneficiary of 6.1% RIL shares through its interest in Petroleum Trust and Reliance Services and Holdings.
As per Economic Times, Jio Financial Services plans to launch a consumer and merchant lending business to complement and supplement the traditional credit bureau-based underwriting

Even though LIC shares could not give the returns as expected, but maybe this news might make investors feel better. 
Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.
The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list.LIC topped the list of companies from India, followed by eight other domestic firms. 
Reliance Industries jumped 51 places to 104 on the 2022 list.
Walmart landed at No. 1 for the ninth straight year, trailed by Amazon, which reached its highest ranking ever. 

LIC breaks to top-ranked Indian firm on Fortune Global 500 List

LIC breaks into Fortune 500 joining 8 other Indian firms. Reliance makes a huge leap

Indian Oil Corporation (IOC) rose 28 places to 142nd rank while Oil and Natural Gas Corporation (ONGC) climbed 16 places to 190

Even though LIC shares could not give the returns as expected, but maybe this news might make investors feel better.&nbsp;
Recently-listed Life <a href="https://www.editorji.com/business-news/lic-shares-hit-new-record-low-1654504813674">Insurance Corporation (LIC) </a>has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places.
The nation's biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. LIC topped the list of companies from India, followed by eight other domestic firms.&nbsp;
Reliance Industries jumped 51 places to 104 on the 2022 list.
<a href="https://www.editorji.com/business-news/big-job-losses-walmart-lays-off-hundreds-slashes-profit-guidance-1659588670683">Walmart </a>landed at No. 1 for the ninth straight year, trailed by Amazon, which reached its highest ranking ever.&nbsp;

Billionaire Mukesh Ambani for the second year in a row drew zero salary from his flagship firm Reliance Industries. 
In June 2020, Mukesh D Ambani, the Chairman and Managing Director of Reliance Industries, voluntarily decided to forego his salary for the year 2020-21, in light of the COVID-19 outbreak in India, which exacted a huge toll on the societal, economic and industrial health of the nation.
He continued to forgo his salary in 2021-22 as well.
Despite not taking any salary in 2020-21, the Asia's richest man has seen consistent rise in his net worth. In the past one week, his wealth surged $6.2 billion to $83.2 billion, Bloomberg Billionaire Index shows. Amabni holds 49.14 per cent stake in Reliance Industries.

Mukesh Ambani took zero salary for the second year in a row; here's why

No salary for Ambani, find out why

Ambani had kept his annual salary from his flagship firm capped at Rs 15 crore for 12th year till FY'20

India's second richest man Mukesh Ambani for the second year in a row drew zero salary from his flagship firm Reliance Industries.&nbsp;
In June 2020, <a href="https://www.editorji.com/business-news/mukesh-ambani-takes-zero-salary-for-the-second-year-in-a-row-here-s-why-1659957170572">Mukesh Ambani</a>, the Chairman and Managing Director of Reliance Industries, voluntarily decided to forego his salary for the year 2020-21, in light of the COVID-19 outbreak in India, which exacted a huge toll on the societal, economic and industrial health of the nation.
Read More: <a href="https://www.editorji.com/business-news/don-t-pay-find-out-why-75-000-brits-will-stop-paying-their-power-bill-1660016159417">Reliance to bring Balenciaga to India</a>
He continued to forgo his salary in 2021-22 as well.
Despite not taking any salary in 2020-21, Ambani has seen consistent rise in his net worth. In the past one week, his wealth surged $6.2 billion to $83.2 billion, Bloomberg Billionaire Index shows. Ambani holds 49.14 per cent stake in Reliance Industries.

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