Reliance Industries has firmly denied recent media reports suggesting that the company has purchased crude oil of Iranian origin. The company has labelled these allegations as baseless, factually incorrect, and misleading.
In a statement, Reliance Industries urged media outlets to thoroughly verify facts before publishing such claims. The company emphasised the importance of avoiding the dissemination of unsubstantiated reports that could misinform stakeholders and the public.
Reliance Industries’ response comes amidst ongoing scrutiny and speculation surrounding the origin of crude oil supplies in the market. The company has reiterated its commitment to transparency and adherence to international trade regulations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Aditya Bhagchandani before publication.