Shares of India’s most valuable company dipped after President Donald Trump touted Reliance Industries’ involvement in a $300 billion US refinery, even as the company declined to confirm its role and experts questioned the deal’s scale.

Reliance Industries Ltd ramps up liquefied petroleum gas (LPG) output at its Jamnagar complex and diverts natural gas from the KG-D6 Basin, ensuring stable fuel supplies in response to government directives during global energy market volatility.

Reliance’s Jamnagar complex leads the world in refining complexity, offering flexibility as global oil markets face volatility.

Mukesh Ambani-led Reliance Industries (RIL) has partnered with America First Refining (AFR) to develop the first large oil refinery project in the United States in nearly fifty years, with President Donald Trump describing it as a 'historic $300 billion deal'.

India's Reliance Industries will boost LPG production at its Jamnagar refinery and petrochemical complexes to ensure sufficient domestic supply amid current geopolitical uncertainties, according to a media statement dated March 10.

The project—which would be first new oil refinery to be constructed in the U.S. in 50 years—is expected to produce 1.2 billion barrels of light shale oil worth $125 billion and 50 billion gallons of refined products valued at $175 billion.