Reliance Industries in focus as govt cuts windfall tax on fuel exports

Reliance Industries has come into focus following the government's decision to slash windfall taxes on petrol, diesel and aviation turbine fuel (ATF) exports. As a major exporter of ATF and diesel, the company stands to benefit from the tax reduction.

Simultaneously, Reliance is raising Rs 12,500 crore through a five-year bond issue amid continuing volatility in oil prices. The company's shares have declined 21 per cent so far this year.