Reliance Industries (RIL) is reportedly aiming to sell more naphtha, bringing its total naphtha exports through tenders for August lifting at 1.85 lakh tonne. This is the highest monthly spot volumes offered by the company since February.
However, some 60% of the August volumes were considered off-specification as the grade does not meet the requirements of the petrochemical industry standard.
RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
