Reliance Industries Secures Record $2.9 Billion Dual-Currency Loan

Reliance Industries Achieves Major Financial Milestone

Reliance Industries, under the leadership of billionaire Mukesh Ambani, has successfully obtained a dual-currency loan amounting to $2.9 billion, as reported by Bloomberg through sources familiar with the transaction. This loan marks the largest offshore loan from India in over a year, with approximately 55 lenders participating, making it the largest bank consortium for a syndicated loan in Asia this year.

The agreement was finalized on May 9, 2025, and comprises two parts: a $2.4 billion portion in US dollars and a second tranche of around $462 million, which is equivalent to 67.7 billion Japanese yen.

In 2025, the total volume of syndicated loans in the Asia-Pacific region (excluding Japan) in G3 currencies (US dollar, euro, and yen) has reached about $29 billion. Reliance's $2.9 billion loan represents roughly 10% of this total, underscoring the company's strong credit profile and significant role in the global financial arena.

Remarkably, Reliance holds a credit rating that is one notch above India's sovereign rating, a rare achievement where a company's creditworthiness exceeds that of its home nation. The company is rated Baa2 by Moody's and BBB by Fitch Ratings.

Reports indicate that this funding will facilitate Reliance's ongoing growth in critical sectors such as telecommunications, retail, and green energy. This significant deal, secured during a year characterized by cautious lending practices, reinforces Reliance's status as one of Asia's most reliable and financially robust conglomerates.

Financial Overview of Mukesh Ambani's Reliance

In its recent fourth-quarter earnings report, Reliance Industries disclosed a net debt of Rs 1.17 lakh crore following a capital expenditure of Rs 1.13 lakh crore for FY25. Despite this considerable investment, CFO V. Srikanth emphasized during the earnings call that the company's financial standing remains solid, highlighting a stable net debt environment and strong cash profits that enable ongoing investments.