has secured nearly $1.73 billion in overseas financing during FY26 through a series of marquee transactions, underlining the conglomerate’s strong access to global capital markets despite volatile financial conditions.
The Mukesh Ambani-led conglomerate tied up the largest Samurai loan ever raised by an Indian corporate, securing JPY 91.9 billion, or about $625 million equivalent, from a consortium of 10 Japanese and Taiwanese banks. The loan was used to refinance yen-denominated debt maturing during the year.
RIL also arranged around $500 million equivalent in untied financing backed by Korea’s export credit agency KSURE to fund capital expenditure. The transaction marked KSURE’s first-ever untied facility extended to any corporate globally, making Reliance the inaugural beneficiary of the product.
In another first, the company tied up nearly $600 million equivalent in untied financing supported by Japan’s export credit agency NEXI for its solar photovoltaic and battery gigafactory projects. Reliance said the deal carried the longest average tenor for any export credit agency-supported facility globally and highlighted investor confidence in its green energy plans.
Together, the three transactions amount to roughly $1.73 billion in financing commitments during FY26.
The fundraising came amid a challenging macroeconomic environment marked by global tariff uncertainties, geopolitical tensions, RBI rate easing, and the rupee’s sharpest annual depreciation against the dollar, ending near 95.
RIL’s improving financial metrics also supported investor confidence. Its interest coverage ratio rose to 8.83 in FY26 from 5.59 a year earlier, while debt service coverage more than doubled to 4.03. Gross debt stood at ₹3.74 lakh crore as of March 31, 2026, with net debt at ₹1.25 lakh crore.