Reliance Industries May Benefit From Middle East Conflict via Higher Margins -- Market Talk
Dow Jones03-20 11:52
0352 GMT - Reliance Industries could be a beneficiary of Middle East supply disruptions via higher refining margins if India doesn't reimpose windfall taxes on diesel and petrol, Jefferies said. Every $1-a-barrel increase in refining margins would boost its annualized Ebitda by about $500 million, or roughly 2% of FY 2027 consolidated Ebitda. Jefferies doesn't expect the government to reinstate the tax, citing last year's Oilfields Development Bill, which stipulates that petroleum lease terms should remain stable and not be altered to the disadvantage of the lessee. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 23:52 ET (03:52 GMT)
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