RelianceNSE
2.58 % Industries , currently India's second most valuable listed company, got
rich by trading fuel across Asia, Africa and Europe while effectively ignoring
its home market.
Reliance's
refineries processed crude from the nearby Middle East and sold fuel to
fast-growing markets in North Asia including China, Japan, South Korea and
Taiwan.
That began to
change when India's oilNSE -0.02 % demand surged, overtaking Japan as the
world's third-biggest consumer. Reliance took more interest in the country's
retail fuel sector and has opened more than 1,300 service stations.
This push into
the domestic fuel market may stumble after India's government imposed cost
controls on Oct. 4 on gasoline and diesel prices to rein in recent record
highs.
Missed call
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