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Home Business Reliance Industries Invests In New Energy Business; Stock Gains Almost 1%

Reliance Industries Invests In New Energy Business; Stock Gains Almost 1%


RNESL, which isyet to commencebusiness operations,will undertake actions pertaining to photo voltaic vitality

Reliance Industries has invested Rs 1,00,000 money in Reliance New Vitality Photo voltaic Restricted’ (RNESL), a newly included wholly owned subsidiary, as a part of its foray into new vitality. “The Firm (Reliance Industries) has invested Rs 1,00,000 in money in 10,000 fairness shares of Rs 10 every of “Reliance New Vitality Photo voltaic Restricted” (RNESL), a newly included wholly owned subsidiary,” Reliance Industries mentioned in a regulatory submitting to the inventory exchanges. RNESL, which is but to start enterprise operations, will undertake actions pertaining to photo voltaic vitality.

Reliance Industries mentioned the the funding in RNESL doesn’t fall inside associated occasion transactions and the promoter/promoter group corporations should not have any curiosity in RNESL.

On the Reliance Industries’ AGM held on June 24, chairman Mukesh Ambani had introduced plans to arrange Dhirubhai Ambani Inexperienced Vitality Giga Advanced at Jamnagar in Gujarat.

At 3:05 pm, Reliance Industries shares have been buying and selling increased by 0.6 per cent at Rs 2097 in a powerful market.

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