Reliance Ventures, a 100% subsidiary of Reliance Industries Limited (RIL), has sanctioned a ₹750-crore loan facility to Sterling & Wilson Private Ltd, an unlisted Shapoorji Pallonji group firm that undertakes contracts to assemble knowledge centres and photo voltaic parks, in accordance to paperwork out there with the registrar of corporations. The loan facility is structured […]
RIL exits shale gas biz in North America – EQ Mag Pro
Reliance Eagleford Upstream Holding has signed agreement for the sale of its assets in the Eagleford shale play in Texas USA. Reliance Eagleford Upstream Holding, (“REUHLP”) a wholly owned step-down subsidiary of Reliance Industries (“RIL”), announced the signing of agreements with Ensign Operating III, (“Ensign”), a Delaware limited liability company to divest its interest in […]
RIL makes wave of partnerships to shape green energy business
The company announced a wave of partnerships with REC, NexWafe, Sterling and Wilson, Stiesal and Ambri for total costs of $ 1.2 billion Mukesh Ambani’s Reliance Industries Ltd has made a wave of partnerships to give shape to its green energy business that spans solar, battery and hydrogen investments and could contribute almost 10 per […]
RIL-Ambri Deal: All You Need to Know About Renewable Energy Storage
With Reliance New Energy Solar (RNSEL), a unit of Mukesh Ambani’s Reliance Industries (RIL), investing in energy storage company Ambri, we take a closer look at the technologies and facilities that are involved in the storage of clean and renewable energy. Reliance New Energy Solar (RNSEL) a wholly-owned subsidiary of Reliance Industries (RIL), has announced […]
RIL Subsidiary to Invest $50 Mln in US-Based Energy Storage Company
Reliance Industries (RIL), along with strategic investors Paulson & Co. Inc. and Bill Gates and a few other investors, has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA. Paulson & Co. Inc., founded in 1994, is a private investment management firm headquartered in New York. The […]
RIL Floats Reliance New Energy Solar Ltd (RNESL) a wholly-owned subsidiary
Reliance Industries has invested ₹1,00,000 in cash in 10,000 equity shares in the newly formed Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary, the company said in a statement today. “RNESL is incorporated to undertake activities relating to solar energy. RNESL is yet to commence its business operations,” the company said, adding that the […]
Anant Ambani Joins as Board Member on RIL’s 2 New Solar Companies
Anant Ambani has reportedly been appointed as director of Reliance New Energy Solar and Reliance New Solar Energy — new solar companies that were established two weeks ago as part of Reliance Industries Ltd NSE -0.55 % (RIL’s) clean energy push. With this appointment, Anant Ambani, the younger son of Reliance Industries (RIL) chairman Mukesh […]
RIL Stumbled on Higher Green Capex and Potential Negative FCF in the Coming Days
Reliance Industries Ltd (NS:RELI)stumbled almost -4.63% since Thursday (24th June) after its 44th AGM. The primary reason is the green (RE) CAPEX (initial) announced for Rs.75B for the next three years (FY: 23-25), which may cause more negative FCF (Free Cash Flow) for the company and lower ROCE (return of capital employed). The market was […]
RIL May Go Big in its New Energy Business Amid Climate Concerns
As environmental concerns regain momentum across the globe and companies are setting carbon neutral targets, oil-to-telecom major Reliance Industries (RIL) plans to give a major push to its new energy and new materials business. New Delhi: As environmental concerns regain momentum across the globe and companies are setting carbon neutral targets, oil-to-telecom major Reliance Industries […]
RIL to focus on green energy
The new energy business of RIL will work closely with subsidiary O2C. O2C will invest in carbon capture (to convert CO2 into useful products and chemicals) and hydrogen production to meet H2 demand as the Indian economy moves from carbon-based fuels to a hydrogen economy. New Delhi: Standalone RIL’s plan to foray into green energy […]