Indian stock news
On May 22, 2026, Reliance Industries Limited (RIL) announced the operational commencement of its 5 GW automated electrolyzer giga--factory in Jamnagar, Gujarat. This facility represents a critical milestone in the company's $10 billion green energy roadmap, utilizing advanced technology to produce high--efficiency stacks for green hydrogen production. Simultaneously, RIL released its Q4 FY26 financial results, reporting a 12.8% year--on--year growth in consolidated net profit to ₹21,480 crore, driven by robust margins in its retail and digital services divisions. To further accelerate growth, the board has approved a proposal for the strategic demerger of its "New Energy" business into a separate listed entity on the Bombay Stock Exchange to unlock long--term shareholder value.