In Short : “Reliance, L&T, Greenko, and Welspun secure land at Deendayal Port Authority for green hydrogen production, signaling a collaborative effort towards sustainable energy initiatives and advancing India’s green hydrogen economy.” In Detail : The aggregated investment in these projects is projected to soar to a staggering Rs 1 lakh crore, positioning it […]
Reliance to commission new energy giga complex in Gujarat this year – EQ
In Short : Reliance is set to commission a new energy giga complex in Gujarat this year. This strategic move aligns with the company’s commitment to expanding its presence in the energy sector, emphasizing Gujarat as a key location for its upcoming complex. In Detail : The Dhirubhai Ambani Green Energy Giga Complex will be […]
Reliance sells REC Solar Norway for $22 million – EQ
In Short : Reliance Industries has successfully sold REC Solar Norway for $22 million. This strategic move aligns with Reliance’s business decisions and may contribute to the company’s overall strategic objectives and financial plans. In Detail : New Delhi, Reliance Industries Ltd on Monday said it will sell REC Solar Norway AS to Oslo-listed Elkem […]
Reliance, ACME, seven others selected for govt sops to set up green hydrogen production facilities – EQ
In Short : Reliance Industries, ACME Group, and seven other entities have been selected to receive government incentives for establishing green hydrogen production facilities. This move aims to promote the development of green hydrogen, a sustainable energy source, and supports efforts to transition towards cleaner and more environmentally friendly fuel options in India. In Detail […]
Reliance to invest in renewable energy, green hydrogen in Tamil Nadu, says Mukesh Ambani – EQ
In Short : The billionaire said that Reliance has partnered with Canada’s Brookfield Asset Management and US-based Digital Reality to set up a state-of-the-art data centre that will be opened next week. In Detail : Global Investors Meet: Mukesh Ambani said that Tamil Nadu has become one of the most business-friendly states in the country […]
Reliance to invest $122 million in Brookfield JV for data center projects in India – EQ Mag
BENGALURU : India’s Reliance Industries said on Monday it would invest up to 10 billion Indian rupees ($122.24 million) in building data centres in the country along with Canada-based Brookfield Infrastructure. The announcement comes at a time when data centre capacity in India is expected to rise exponentially as more people go online. Reliance will […]
Reliance Expected To Generate Rs 1.2 Lakh Crore Revenues From This New Business! – EQ Mag
Reliance Industries, led by billionaire Mukesh Ambani, is projected to generate USD 10-15 billion in revenue from its new energy business, including solar and hydrogen, by 2030. However, the company will need to seek acquisitions or partnerships to compensate for its limited technological expertise, according to a report by Sanford C Bernstein. Reliance plans to […]
Reliance may earn $10-15 bn revenue from new energy biz by 2030 – EQ Mag
Clean energy (solar, battery, electrolyzers, and fuel cells) represents a new growth pillar for Reliance with USD 2 trillion in investment in India through 2050 Billionaire Mukesh Ambani’s Reliance Industries may by 2030 earn USD 10-15 billion from its new energy business spanning solar to hydrogen but will need acquisitions or partnerships to make up […]
Reliance in talks for $2 billion loan to fuel expansion – EQ Mag
Ambani is raising funds as he continues to build out the telecoms and consumer-facing arms of an empire based on a bedrock of crude-oil refining Reliance Industries Ltd. is in talks with lenders for a foreign-currency loan of up to $2 billion to fuel the ongoing expansion of its oil-to-telecoms business, according to people familiar […]
Reliance, Adani, Vedanta among companies in race for Bhadreshwar Vidyut – EQ Mag
Reliance Industries, Adani Power, Torrent Power, Vedanta and Jindal Power are among 14 companies that have shown interest in acquiring Gujarat-based Bhadreshwar Vidyut, which is undergoing insolvency, said people aware of the development. This is the third bankrupt power producer for which two of the country’s largest corporate houses – Reliance Industries and the Adani […]