On March 11, 2026, on a day when the inventory market fell by practically 2%, RIL inventory closed 1.27% decrease at Rs 1,391.10 on the BSE. Picture credit score: Reuters
Though US President Donald Trump on Wednesday (March 11, 2026) introduced on social media (Fact Social) that Reliance Industries Restricted (RIL) would spend money on a brand new refinery within the US, calling it a “historic” $300 billion deal, RIL remained silent all through the day.
The corporate has not made any bulletins or knowledgeable the inventory exchanges, elevating hypothesis in regards to the veracity of Trump’s claims.
RIL inventory closed 1.27% decrease at ₹1,391.10 on the BSE on a day when the inventory market fell by practically 2%.
The refinery shall be inbuilt Brownsville, Texas, and would be the first new refinery in america in 50 years, in accordance with Trump’s social media posts.
Mr. Trump described the refinery because the world’s cleanest refinery and mentioned it might enhance the U.S. market and strengthen nationwide safety.
After the announcement, JP Margan mentioned in a notice that the refinery could also be extra targeted on profitability than capital funding depth.
“Reliance reportedly plans to speculate $300 billion within the US to open a brand new refinery in Texas. We estimate that the preliminary capex shall be a small portion of this aim, and there may be potential for Reliance to interact companions to cut back complete capex outflow.”
“We imagine it stays vital to make sure the profitability of such tasks and potential authorities incentives might assist.”
JPMorgan estimates {that a} typical 30 million ton refinery (the scale envisioned for the primary section of the challenge) might value $60 billion.
“Capex could possibly be even increased if related petrochemical services are deliberate for a challenge of this measurement. Given its measurement, Reliance is more likely to associate with a neighborhood associate, and assuming 50% fairness and 30-70% fairness/debt financing ratio, we estimate that RIL’s implied fairness funding could possibly be $10 billion,” JPMorgan mentioned.
