Reliance US Refinery: RIL to Invest in US Energy | Trump Announces $300 Bn Texas Refinery | News9

Описание: U.S. President Donald Trump has announced plans to build the first new oil refinery in the United States in nearly five decades, with investment support from India’s Reliance Industries. In a post on Truth Social, Trump said the refinery will be constructed in Brownsville, Texas, describing the project as part of a historic $300 billion deal aimed at boosting American energy production and creating jobs. However, several questions remain unanswered. Reliance Industries has not yet issued an official statement, and the $300 billion figure cited by Trump is significantly higher than the company’s current market capitalisation, raising doubts about the scale and structure of the deal. News9’s Kartik Malhotra speaks to Gaurang Shah, Senior Vice President at Geojit Financial Services, to decode the implications of the proposed investment.

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