Reliance gets only one year to complete green energy project – EQ Mag Pro
The state government has turned down a plea by the Mukesh Ambani-led Reliance seeking five more years to complete its green energy project in Devanahalli, granting just twelve months instead. Reliance is setting up a unit for “research, development and manufacture of green energy power electronics” on a 25-acre plot in the IT Park at […]
India’s Reliance to Purchase 4.8 GW Heterojunction Cell Production Equipment Capacity From China’s Maxwell – EQ Mag Pro
RIL has chosen HJT solar cell technology to step into solar production with Maxwell announcing an order from the company According to Letter of Commitment signed, Maxwell will supply its 8 HJT cell production lines, each with 600 MW capacity Altogether it represents 4.8 GW capacity; Maxwell did not disclose purchase price of the contract […]
Reliance sets up free EV charging infra for employees in Mumbai campus – EQ Mag Pro
The charging station set up by Jio-bp – the company’s fuel retailing joint venture with British energy giant bp – is in line with the firm’s promise to achieve net carbon neutrality. In a first, billionaire Mukesh Ambani’s Reliance Industries Ltd has set up electric vehicle (EV) charging infrastructure at its Mumbai campus to allow […]
Reliance, Ola Electric win incentives in $2.4 billion battery scheme – EQ Mag Pro
Reliance Industries and Ola Electric will receive incentives under government’s $2.4-billion programme to boost local battery cell production after winning a tender, four sources said. The winning bidders also include Hyundai Global Motors Company and jewellery maker Rajesh Exports, the sources said. The Indian government last year finalised a programme to encourage companies to make […]
Reliance New Energy Limited acquires assets of Lithium Werks – EQ Mag Pro
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 […]