Mumbai (Maharashtra) : Reliance New Energy Limited (“Reliance”), a wholly-owned subsidiary of Reliance Industries Ltd, on Monday, signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (“Lithium Werks”) for a total transaction value of USD 61 million including funding for future growth. The assets include the entire patent portfolio of […]
Consequent to such acquisition, RNEL holds 40.00% of the total paid-up equity share capital of SWREL – EQ Mag Pro
Consequent to such acquisition, RNEL holds 40.00% of the total paid-up equity share capital of SWREL. For more information please see below link:
Reliance Bids For Incentives Under Battery Scheme – EQ Mag Pro
India last year finalized an incentive program to encourage companies to invest in the local manufacturing of batteries as it looks to establish a domestic supply chain for clean transport and build storage for renewable energy. Indian conglomerate Reliance Industries, South Korea’s Hyundai Motor Co and automaker Mahindra & Mahindra are among companies that have […]
Reliance becomes promoter in SWREL, holds over 40% stake – EQ Mag Pro
NEW DELHI : Sterling and Wilson Renewable Energy Ltd (SWREL) on Monday said that Reliance New Energy Solar Ltd (RNESL) has become its promoter post payment of balance Rs 1,583 crore for acquisition of 25.90 per cent equity in it. With this transaction, RNESL and other group firms together hold over 40 per cent stake […]
Saudi Aramco looks to invest in Reliance New Energy Solar: Report – EQ Mag Pro
Saudi Aramco and other investors have shown initial interest in investing in Reliance’s clean energy unit.Saudi Aramco and other investors have shown initial interest in investing in Reliance’s clean energy unit. Saudi Aramco is reportedly looking to invest in Reliance New Energy Solar Limited after both firms had earlier announced the scrapping of $15 billion […]
Reliance Industries recasts Jamnagar unit to grow in hydrogen space – EQ Mag Pro
The refinery off-gases produced from this project earlier served as fuel Reliance Industries’ (RIL) hiving off its Jamnagar gasification project into a wholly-owned subsidiary is a step towards its plans to grow in the hydrogen space. This gasification project at Jamnagar was set up to produce syngas to meet the energy requirements of RIL’s crude […]
What Reliance Could Target Next In Green Energy
Sterling and Wilson Aquired By Reliance
Sterling and Wilson Aquired By Reliance For More Information Click on below link :
Reliance buys REC Solar for $771 million
NEW DELHI : India’s Reliance Industries Ltd on Sunday announced acquisition of REC Solar Holdings for an enterprise value of $771 million from China National Bluestar (Group) Co Ltd as it seeks to become net carbon zero by 2035. The purchase of the Norwegian solar panel maker by the conglomerate’s Reliance New Energy Solar Ltd […]
Reliance Aims At 100 GW Renewable Energy By 2030, Bring Hydrogen Cost Under $1: Mukesh Ambani – EQ Mag Pro
Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted into carbon-free green hydrogen. NEW DELHI : Reliance Industries will by 2030 create or enable capacity to generate at least 100 gigawatts of electricity from renewable sources, which can be converted […]