Key facts: Reliance Gets U.S. Waiver to Buy Iranian Crude; Sells RPPMSL
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Reliance Industries got a short U.S. waiver to buy Iranian crude aboard vessels Kaviz, Lenore, Felicity and Hedy. Cargos include oil from ships reportedly over 20 years old, under sanctions.1Reliance Industries sold 100% of RPPMSL to Jaipur Enclave for ₹274 crore. RPPMSL stopped being a subsidiary. FY25 contribution: ₹6,412.6 crore turnover (0.06%); net worth ₹342.45 crore (0.04%).23
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