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Reliance in talks with CATL for battery systems

Reliance is negotiating with CATL for battery system components, potentially boosting its energy sector capabilities. The company also issued a ₹131.58 crore LOI to Vascon Engineers for G+12 buildings at Jamnagar, targeting completion in 19 months.

after close1 source ↓written by the desknot a recommendation

to Vascon Engineers
₹131.58 crore LOI
19-month completion target

Reliance is currently in discussions with CATL and other suppliers to procure components for large battery system projects. This could enhance their capabilities in the energy sector.

Additionally, Reliance issued a ₹131.58 crore LOI to Vascon Engineers for the construction of four G+12 buildings at Jamnagar, with a 19-month completion target. This development may positively impact local construction activities.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 May 2026, 16:07 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed +2.8% on the day of the news, from ₹1,322.70 to ₹1,359.70; Nifty +0.2% over the same session; futures OI +1.5%.

Bulletin at 16:07 IST on 19 May 2026. Every change is measured from ₹1,322.70, the last close before it, on 19 May. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it123113231415axis spans 15%before the news · 19 May1323Nifty 50RELIANCEbulletinD0+1+3+513 May25 May4 JunFutures open interest, lotspeak 2.6 LReference close ₹1,322.70. 16 sessions from 13 May to 4 Jun; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before19 May₹1,322.70basebase
On the day20 May₹1,359.70▲ +2.8%▲ +0.2%+2.6 pp difference
+1 session21 May₹1,349.60▲ +2.0%▲ +0.2%+1.9 pp difference
+3 sessions25 May₹1,367.00▲ +3.4%▲ +1.8%+1.6 pp difference
+5 sessions27 May₹1,350.50▲ +2.1%▲ +1.2%+0.9 pp difference
Gap at the open, % · ₹
▼ −0.3%−3.97 on 20 May
Day's range, % · ₹
3.8%≈ 50 high to low
Volume on the day
0.65×the 20-session average
Futures OI on the day
▲ +1.5%+3,500 lots · long build-up · price +2.8%
Futures OI open, lots
2.4 L20 May · 26 May expiry
Futures premium, ₹
+2.70+0.2% to spot
Puts per call, by OI
0.57from 0.49 the session before
Max pain
1,380from 1,370 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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