InvestorQ : Did the Adani group and Reliance benefit immensely from the commodity rally?
manisha Kolvenkar made post

Did the Adani group and Reliance benefit immensely from the commodity rally?

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Crowny Pinto answered.
2 months ago
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Amidst the relentless rally in oil and other commodities, the two big beneficiaries in India have been the Reliance group and the Adani group. Commodities were already in a bull rally but got a leg up with the Russia-Ukraine war. RIL is lapping up crude oil cargoes at distress discounts to feed its refining complex at much lower costs. On the other hand, Adani group which owns the lucrative and controversial Carmichael coal mines in Australia. This business segment has also gained immensely from a spike in the coal prices.

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