Reliance Industries posts Q3 revenue just shy of estimates

BENGALURU, Jan 21 (Reuters): Reliance Industries' third-quarter revenue came in slightly below estimates on Friday due to lower price realisation on its refined products and the planned shutdown of some units at its refinery complex in the western state of Gujarat.

The Jamnagar complex, which houses two plants with a combined capacity of about 1.4 million barrels per day, is at the core of Reliance's oil-to-chemicals (O2C) operations, making it a key profit driver, despite the company's aggressive expansion into retail, telecom and green energy.

The Mukesh Ambani-led conglomerate said the units were shut for planned maintenance and inspection at the world's biggest refining complex, limiting the output.