Mumbai : Brookfield Asset Management has signed a Memorandum of Understanding (MoU) with Reliance Industries, a Fortune 500 company and India’s largest private sector enterprise, to explore opportunities to manufacture renewable energy and decarbonization equipment in Australia. The MoU aims to both accelerate and de-risk Australia’s energy transition by enabling it to locally produce clean […]
Reliance Industries is India’s most valuable company – EQ Mag
According to the report, the value of the top 500 companies from Burgundy Private and Hurun India list in India decreased marginally by 6.4 per cent to Rs 212 lakh crore from Rs 227 lakh crore as on October 30, 2022. Reliance Industries Limited is the most valuable private sector company among the top 500 […]
Reliance to set up 10 gigawatt solar energy project in AP: Mukesh Ambani – EQ Mag
Reliance Industries Chairman Mukesh Ambani on Friday said his group will be investing in Andhra Pradesh to set up a 10 gigawatt renewable solar energy project Speaking at the inaugural session of the two-day Global Investors Summit 2023 here, Ambani said as much as Rs 1.50 lakh crore was invested in Reliances’ KG-D6 assets, developing […]
Reliance Industries, Adani Power, NTPC in the fray to acquire bankrupt SKS Power – EQ Mag Pro
SKS Power Generation is undergoing a corporate insolvency and resolution process since April 2022 Nearly two-dozen bidders, including Reliance Industries Ltd, Adani Power, and NTPC Limited are interested in buying Chhattisgarh-based SKS Power Generation, the Economic Times reported on August 1, citing people familiar with the matter. Companies such as Torrent Power, Jindal Power, Vedanta, […]
RELIANCE INDUSTRIES PLANS TO BECOME THE WORLD’S LARGEST BLUE HYDROGEN PRODUCER – EQ Mag Pro
In a major boost to the government’s vision to transition from fossil fuels to green energy, India’s Reliance Industries Ltd (RIL) has drafted a plan to repurpose its gasification assets at its refinery in Jamnagar, Gujarat, to become the world’s largest producer of blue hydrogen. In a presentation submitted to the National Company Law Tribunal […]
Reliance Industries’ Blue Hydrogen Plan Will Draw Investors, Say Top Brokerages – EQ Mag Pro
Reliance Industries Ltd.’s plan to repurpose its $4-billion (about Rs 30,000 crore) gasification assets for clean energy will offer the Mukesh Ambani-controlled conglomerate an opportunity to rope in more investors, according to analysts. India’s biggest company by market value will use syngas—a product of coal gasification—to make blue hydrogen at a competitive cost of $1.2-1.5 […]
Reliance Industries seeks to be the world’s top blue hydrogen maker – EQ Mag Pro
RIL will re-purpose a Rs 30,000-crore plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-1.5 a kilogram Billionaire Mukesh Ambani’s Reliance Industries Ltd is targeting to become one of the largest producers of blue hydrogen globally, producing the zero-emission fuel at costs that will be half of the global […]
Reliance Industries signs MoU for the investment of Rs 5.95 lakh crore in Green Energy & other projects in Gujarat – EQ Mag Pro
Will create 10 lakh employment opportunities in the State Ahmedabad: Reliance Industries Limited (RIL) signed MoU today with the Government of Gujarat for a total investment of Rs 5.955 lakh crore as part of Investment Promotion Activity for Vibrant Gujarat Summit 2022. These projects will create 10 lakh direct / indirect employment opportunities in the […]
Reliance Industries India’s Largest ‘Greenabler’, Says Goldman Sachs; Ups Price Target – EQ Mag Pro
Goldman Sachs sees Reliance Industries Ltd.’s clean energy business as its third structural growth driver, besides retail and telecom, as the global investment bank reiterates ‘buy’ and raises target price on the billionaire Mukesh Ambani-controlled conglomerate. “RIL is adopting a unique manufacturing approach to net zero emissions with a hyper-integrated model spanning solar, battery and […]
Reliance Industries arm completes acquisition of REC Solar Holdings from China National Bluestar; Stock up 1% – EQ Mag Pro
The acquisition of REC will help Reliance with a ready global platform and the opportunity to expand and grow in key green energy markets globally. Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has on Wednesday completed the acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) […]