Reliance Industries shares trade lower after Trump announces $300 billion US refinery deal with oil giant

As of 11:06 a.m., Reliance stock was trading 0.57% lower at ₹1,400.70 apiece on Wednesday, compared to ₹1,408.80 at the previous market close, NSE data showed.

In his post on Truth Social, President Donald Trump announced that an oil refinery will be opened in Brownsville, Texas, United States, the first new establishment in the region over the last 50 years.

Trump extended his gratitude to Reliance Industries for their “tremendous investment” in what is being called a $300 billion oil refinery deal. He also said that this refinery aims to fuel the US markets, strengthen America’s energy production capabilities and boost global exports from the United States.

“Today I am proud to announce that America First Refining is opening the FIRST new U.S. oil refinery in 50 YEARS in Brownsville, Texas. This is a historic $300 billion dollar deal,” said Donald Trump in his post. “Thank you to our partners in India and their largest privately held energy company, Reliance, for this tremendous investment.”

Reliance to boost LPG production

On Tuesday, March 10, Reliance Industries announced that the company aims to “maximise LPG production” from the refining and petrochemical plants in Jamnagar in an effort to boost the energy output and supply in the domestic market amid global geopolitical energy market volatility.

“Our teams are working around the clock to optimise refinery operations and enhance LPG output so that supplies to the domestic market remain stable and reliable,” said Reliance as per the NSE filing.

The company also disclosed that the natural gas produced from the KG-D6 basin will be diverted to support the supply of energy to priority sectors in line with the needs of the hour for the nation.

This move comes after the Ministry of Petroleum and Natural Gas on Monday directed the oil refining companies to increase production of liquified petroleum gas (LPG) in order to prioritise the supply to the Indian households as geopolitical disruptions curbed the availability of the energy source.

“In light of current geopolitical disruptions to fuel supply and constraints on the supply of LPG, the ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use,” the ministry said in a post on X.

Reliance share price trend

Reliance Industries (RIL) share price closed 0.92% lower at ₹1,410.90 after Tuesday’s stock market session, compared to ₹1,424 at the previous market close, according to NSE data. President Donald Trump announced the US refinery update early on Wednesday morning, March 11, 2026.

Reliance shares have given stock market investors more than 29% returns on their investment over the last five years and delivered more than 21% returns in the last three years. The oil refining giant’s stock has gained 13.12% in the last one-year period, NSE data showed.

However, on a year-to-date (YTD) basis, RIL stock has lost 10.45% so far in 2026 but is trading 4.9% higher based on the last five sessions on the Indian stock market.

Reliance stock hit its 52-week high at ₹1,611.80 on January 5, 2026, while the 52-week low level was at ₹1,114.85 on April 7, 2025, according to the NSE data. The company’s market capitalisation stood at more than ₹19.09 lakh crore as of the stock market close on Tuesday, March 10, 2026.