Reliance Industries Ltd.

Reliance Industries (RIL) is reportedly planning to expand its oil processing capacity by over 40 percent by 2030. The company may expand the capacity at its dual refinery complex in Jamnagar in Gujarat by 30 million tonnes a year to 100 million tonnes per year

The company plans signal that Reliance remains bullish on the outlook for India’s fuel demand even as the government is considering plans to electrify all of the country’s vehicles by 2032.

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.