Reliance Industries raises record JPY 91.9bn Samurai loan, largest by Indian corporate

Reliance Industries secured a record JPY 91.9 billion ($625M) Samurai loan, the biggest ever by an Indian corporate, alongside $600M NEXI-backed and $500M KSURE-backed facilities. Proceeds fund solar and battery giga factory buildouts and broader FY26 capex, signalling aggressive offshore funding diversification.

— Source publishedFri, 29 May, 2026, 01:04 IST·First seen Fri, 29 May, 2026, 05:37 IST·Source Financial Express · BrandWagon

What happened

Reliance Industries raised a record JPY 91.9 billion ($625 million) Samurai loan, the largest by an Indian corporate, plus $600 million NEXI-backed and $500

Key facts

  • JPY 91.9 billion
  • $625 million
  • $600 million
  • $500 million

Why this matters

Reliance's pioneering use of NEXI and KSURE-backed structures opens a replicable offshore financing playbook for Indian conglomerates pursuing large-scale energy transition capex.