Reliance Industries said that its fully-owned subsidiary Reliance New Energy Solar (RNESL) has signed a £100 million deal to acquire Faradion, a British sodium-ion battery technology company. Additionally, Reliance New Energy Solar will invest £25 million as growth capital in Faradion to accelerate the commercial launch of the latter’s sodium-ion battery solutions. Faradion, which is […]
Reliance New Energy Solar Ltd. (RNESL), a fully-owned subsidiary of Reliance Industries, has acquired REC Solar Holdings AS (REC Group) from China National Bluestar Group for $771 million. REC Group, which is based in Norway, is a solar cells/panels and polysilicon manufacturing company. It has an operational headquarters in Singapore, as well as regional hubs […]
Mukesh Ambani’s Reliance Industries Limited has incorporated a new fully-owned subsidiary called Reliance New Energy Solar Limited (RNESL) by investing INR 1 lakh in 10,000 equity shares of INR 10 each. Reliance New Energy Solar will carry out activities pertaining to solar energy. The new Reliance subsidiary is yet to start its business operations. Reliance […]