In Short : Reliance Infrastructure is expanding into renewable energy manufacturing with integrated solar and battery production units. To spearhead this initiative, the company appointed industry veterans Ivan Saha as CEO of Renewable Manufacturing and Mushtaque Hussain as CEO of Battery Manufacturing. This strategic move aims to boost India’s clean energy self-sufficiency and accelerate the […]
Reliance Infra Files ₹13,400-crore Claim in Power Deal with Adani – EQ Mag Pro
Reliance cited a breach in the terms of a December 2017 agreement, and filed its statement of claim before the Mumbai Centre for International Arbitration Reliance Infrastructure Ltd. said it filed an arbitration claim of Rs 13,400 crore in relation to a deal to sell its Mumbai power-distribution business to Adani Transmission Ltd. Reliance Infrastructure […]
Reliance Power Board Approves Preferential Issue of Shares, Warrants to Reliance Infra
This will reduce Reliance Power standalone debt by Rs 1 ,325 crore and along with planned debt reduction in subsidiaries, Reliance Power consolidated debt will reduce by Rs 3,200 crore in FY22.z New Delhi : The Board of Directors of Reliance Power Limited has approved preferential issue of up to 59.5 crore equity shares and […]
