Cheap Venezuelan crude could add up to Rs 12,600 crore to RIL’s EBITDA. What investors should know

Reliance Industries could benefit from renewed access to discounted Venezuelan crude, which may boost refining margins at its Jamnagar complex. YES Securities estimates that every $1-a-barrel expansion in blended gross refining margins could generate around Rs 4,200 crore in annualised EBITDA.…

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