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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Reliance Industries Plans Refinery unit Shutdown for main...
2026-05-06 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
The shutdown is expected to be some time in June

The shutdown is expected to be some time in June

Reliance Industries will be shutting down one of its refinery units in Gujarat with a capacity to refine 3.3 lakh barrels of crude a day, as part of its annual maintenance exercise, sources said, though no definite date has been specified.

The shutdown is expected to be some time in June, though sources aware of the matter said that it can take place later too.

Some other refining units may also be shut down for maintenance, but sources indicated that this could be a staggered exercise. “Shutdowns for maintenance have to be taken, but whether we do it one month from now, or three months ... is a decision that is yet to be taken,” said a source.

Some units such as the continuous catalytic reformer and paraxylene units have already been shut down for maintenance, the sources said.

RIL did not respond to a request for comment.

Crucial time

This shutdown is coming at a crucial time when the country is struggling with scarcity in several crude derivatives including liquified petroleum gas, due to the West Asia crisis.

LPG is a byproduct of crude oil refining and refiners in India, including Reliance, have been directed to step up production of the gas that is vital for both commercial and residential use.

In its earnings call, the company had said that it had increased LPG supplies to the domestic market almost four-fold.

The government has formed a joint working group comprising the Ministry of Petroleum, Ministry of Department of Chemicals, Petrochemicals and couple of other ministries also such as food and public administration to ensure that end-consumer segments are able to get a regular supply of LPG.

Sources indicated that the shutdown will be undertaken keeping these dynamics in mind and that adequate precautions will be taken so that sufficient stocks of LPG is available and supply disruptions are minimal. “It will be ensured that sufficient products are available,” said a source.

Published on May 5, 2026