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Reliance Energy
Tata Power on Wednesday redesignated Sanjay Banga, President-Transmission & Distribution as President-Renewables with effect from June 1, following the resignation of Deepesh Nanda from the post. Nanda has submitted his resignation due to personal commitments and will be relieved from his services with effect from the close of business hours on May 31, 2025, a regulatory filing said. According to the filing, pursuant to an internal reorganization Sanjay Banga, PresidentTransmission & Distribution has been re-designated as President Renewables and appointed as CEO & Managing Director of Tata Power Renewable Energy Ltd from June 1, 2025. Banga heads the Transmission and Distribution Vertical at Tata Power which includes Mumbai, Delhi, Ajmer Distribution and Powerlinks Transmission. Prior to this, he was Chief Executive Officer of Tata Power Delhi Distribution Limited (Tata Power-DDL), a Public Private Partnership (JV) of Tata Power and Government of National Capital ...
Reliance Power on Monday said its arm Reliance NU Energies has secured 350 MW solar project with a 175 MW/700 MWh of battery energy storage system (BESS) from SJVN Ltd. The BESS, integrated with the solar project, will provide a backup power supply of 175 MWh for four hours. The winning tariff was set at Rs 3.33/kWh, fixed for 25 years, positioning the project among the most competitively priced offerings in India's energy transition landscape, a company statement said. Reliance Power Ltd (Reliance Power) subsidiary Reliance NU Energies Private Ltd (Reliance NU Energies), wins the largest allocation in SJVN's tariff-based competitive bidding process, securing an allocation of 350 MW of solar power generation capacity coupled with 175 MW/700 MWh of BESS, according to the statement. Once commissioned, the platform will add 600 MWp of installed solar PV capacity and 700 MWh of energy storage to Reliance Power's portfolio, consolidating its leadership in new energy solutions. With th
Reliance Industries Ltd's technology partnership with Norway's Nel ASA will help accelerate its new energy investments, including in the production of green hydrogen that will aid billionaire Mukesh Ambani's pivot towards green energy. Reliance (RIL) on May 21 entered into a technology licensing agreement that provides the company with an exclusive license for Nel's alkaline electrolysers in India and also allows it to manufacture the Norwegian company's alkaline electrolysers for captive purposes globally. "We see this as a win-win for RIL and Nel as it supports RIL's ambition to accelerate its new energy ambitions, build an integrated energy vertical (new energy powering existing energy investments) and decarbonise the portfolio," brokerage Morgan Stanley said in a note. For Nel, it provides a revenue stream that it could not access on a standalone basis in India and may provide a new revenue stream that will not solely depend on the company's ability to execute on securing new ..
Reliance Industries Ltd, India's largest company by market value, will commence natural gas production from its deepest discovery in the KG-D6 block this quarter, meeting 15 per cent of India's gas demand. KG-D6 off the Andhra coast is India's only deepwater block under production. The block averaged 20 million standard cubic meters per day of production in the January-March quarter, the company said in an investor presentation post-presentation of the March quarter earnings. Reliance and its partner, UK supermajor BP are now nearing the start of production from their giant MJ deep-water project, which will significantly boost gas output from the prized east coast asset. "MJ field is expected to commence production in 1Q FY24 (April 2023 to March 2024)," it said. The company, which is the operator of the block, earlier planned to start production in the December quarter, but it was delayed by three months. Reliance and BP are spending about USD 5 billion on further developing KG-