Archive · 20 Nov 2025
Reliance Halts Russian Oil Use; Hyundai Boosts Wind Farm Stake
Reliance Industries has stopped using Russian crude oil at its export-only refinery in Jamnagar to comply with European Union sanctions.
Meanwhile, Hyundai Motor India has invested ₹21.46 crore in FPEL TN Wind Farm, increasing its stake to 26.49%.
Reliance's move ensures all exports from December 1 will be based solely on non-Russian crude.
Hyundai's net profit grew 14% YoY, but its stock price fell due to lower volumes and delayed EV strategy.
Reliance Industries Ltd stops using Russian crude at its export-only refinery
Hyundai Motor India invests ₹21.46 crore in FPEL TN Wind Farm, increasing stake to 26.49%
Reliance's move complies with EU sanctions on Russian energy exports
Hyundai's net profit up 14% YoY to ₹1,572 crore, sales strategy for EV portfolio awaited
Reliance's transition to non-Russian crude ahead of schedule, ensuring full compliance
- Who
- Reliance Industries Ltd and Hyundai Motor India Ltd
- What
- Reliance stops Russian oil use; Hyundai boosts wind farm stake
- When
- November 20, 2025
- Where
- India
- Why
- Reliance: To comply with EU sanctions; Hyundai: To increase investment in renewable energy
Environmentalists
Business Interests
Use of Russian Oil
Environmentalists
Oppose due to environmental concerns and support for EU sanctions
Business Interests
Support for business continuity and economic interests
Renewable Energy Investment
Environmentalists
Encourage more investment in renewable energy sources
Business Interests
Support balanced approach, considering economic feasibility and energy security
- Reliance's Refinery
- Only-for-exports (SEZ) refinery in Jamnagar
- Hyundai's Investment
- ₹21.46 crore in FPEL TN Wind Farm
- Reliance's New Stake
- 0% in Russian crude oil processing (SEZ refinery)
- Hyundai's New Stake
- 26.49% in FPEL TN Wind Farm
- Reliance's Compliance Date
- December 1, 2025
- Hyundai's Net Profit
- ₹1,572 crore (14% YoY growth)
