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 […]
Reliance, Tata Power bid for ₹19,500-crore solar module incentive – EQ Mag
The financial assistance is part of PM Modi’s aim to turn the nation into a manufacturing powerhouse, creating more jobs in the economy and reducing imports that can drain foreign exchange Solar module makers including Reliance Industries Ltd. and Tata Power Co. are among bidders for Rs 19,500 billion ($2.4 billion) in financial incentives that […]
Reliance, Tata bid for India’s $2.4 billion solar incentives – EQ Mag
Solar module makers including Reliance Industries Ltd. and Tata Power Co. are among bidders for 195 billion rupees ($2.4 billion) in financial incentives that India is offering to expand domestic manufacturing and curb panel imports from dominant producer China. Others showing interest include U.S. firm First Solar Inc. and Indian companies JSW Energy Ltd., Avaada […]
Reliance Will Set Up 10 GW of Renewable Capacity in Uttar Pradesh – EQ Mag
The group plans to invest Rs 75,000 crore across multiple business segments, including renewable energy, in Uttar Pradesh. Billionaire Mukesh Ambani said on February 10 that his group plans to set up 10 gigawatts of renewable energy capacity in Uttar Pradesh and start a bio-energy business in the state. Reliance Industries (RIL) will invest Rs […]
Reliance, Aditya Birla Group, Tata to invest more than Rs 1 lakh crore in Uttar Pradesh – EQ Mag
Reliance Industries will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity over the next four years India’s leading conglomerates Reliance, Aditya Birla Group and Tata on Friday committed to invest more than Rs 1 lakh crore in Uttar Pradesh to expand their businesses […]