Billionaire Mukesh Ambani's Reliance Industries on Tuesday said its giant Jamnagar oil refining complex will maximise cooking gas LPG production, while gas from Bay of Bengal KG-D6 fields will be diverted to the priority sector with a view to aid Indian economy overcome West Asia war related disruptions.
This came after the government redirected supplies of liquefied petroleum gas (LNG) away from industrial users to households, in a bid to shield the common man from the impact of the war in the Middle East. It has also ordered refineries to maximise LPG production to help meet domestic demand.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"At a time when global energy markets are experiencing volatility, ensuring uninterrupted access to essential fuels for Indian households remains a national priority," the firm said in a statement.
Reliance said it is taking "proactive steps and in line with the government guidelines, to maximize LPG production from our refining and petrochemicals complexes at Jamnagar - the world's largest integrated refining hub. Our teams are working around the clock to optimize refinery operations and enhance LPG output so that supplies to the domestic market remain stable and reliable."
Also, the natural gas produced from the KG-D6 Basin will be diverted to support supply to priority sectors, in line with national energy priorities and government guidelines.
"For Reliance, India's energy security and the well-being of millions of Indian families always come first. We will continue to work closely with the Government of India and remain fully compliant with all national guidelines and allocation priorities, ensuring that energy supplies reach the sectors and communities that need them the most," the statement said.
Reliance will stand firmly with the nation in its time of need. "In times of global uncertainty, we remain committed to doing everything possible to support India's energy security and ensure reliable access to essential fuels for the country."
ALSO READ | India Snaps Up 30 Million Barrels Of Russian Oil After US Waiver
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
