Reliance Energy

Reliance's expansion into green energy segment sparks analyst optimism

Billionaire Mukesh Ambani's firm on Friday revealed details of progress of a $10 billion investment to build its clean energy portfolio and achieve net-zero carbon emissions by 2035

Sanjay Banga named President-Renewables, to lead Tata Power's green unit

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 NU Energies secures 350 MW solar power project from SJVN

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

Government removes Solar Energy Corp chairman weeks before term ends

The former top bureaucrat at India's environment ministry was appointed SECI chairman in June 2023, and was scheduled to end his tenure as SECI chief next month

RIL to invest Rs 1.5 trillion in new energy, petrochemical expansion

Company officials said the new energy projects are making strong progress and engineering for the entire value chain, including polysilicon, cell modules, glass, and POE, has been completed

RIL to use naphtha supplies as partial payment for Venezuela crude: Reports

Reliance, which operates the world's biggest refining complex, plans to supply naphtha, a refined product, from the US to partly pay for its Venezuelan oil purchases

Reliance's tech pact with Norway's Nel to accelerate new energy investments

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 jumps 4% as Goldman Sachs sees up to 56% upside in stock by FY26

The brokerage has raised its target price to Rs 3,400 from Rs 2,925 in a base-case scenario, reflecting a potential upside of 18 per cent from RIL's last close

India resumes imports of Venezuelan crude oil, Reliance seeks direct deal

Three Indian refiners have bought some 4 million barrels of Venezuelan crude for February delivery at between $7.50 and $8 per barrel below dated Brent on a delivered ex-ship basis, trade sources said

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders

RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

At the 46th AGM of Reliance, chairman, Mukesh Ambani is expected to divulge information about JFSL's business and future plans

Reliance to start gas production from MJ deep-water project in 1Q FY24

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-

SC dismisses Tata Power's appeal against MERC awarding project to Adani

After several power outages in Mumbai, the MERC in 2013 gave its approval to the detailed project report of the Aarey-Kudus electricity transmission project of Reliance Energy

Solar manufacturing PLI to create 90 Gw addl capacity in India: R K Singh

India to have more than 60% power generation from RE by 2030, says minister

Reliance New Energy to acquire 20% stake in US-based Caelux for $12 mn

Caelux is a research and development-oriented company in perovskite-based solar technology. Its proprietary technology enables high-efficiency solar modules that can produce 20% more energy

RIL annual report: Growth engines shifting to top gear, says Mukesh Ambani

5G coverage planning done in 1,000 cities, retail investments at Rs 30,000 cr

RIL-BGEPIL dispute: Govt mulls appealing against English court order

Reliance and BGEPIL on Dec 16, 2010, dragged the govt to arbitration over cost recovery provisions, profit due to the state and amount of statutory dues including royalty payable

Reliance New Energy Solar Ltd to acquire UK's battery firm Faradion

Reliance New Energy Solar Ltd (RNESL) has signed definitive agreements to acquire UK-based sodium-ion battery techn company Faradion for an enterprise value of GBP 100 million, both companies said

Reliance raises $736 mn in green loan to fund REC Solar acquisition

The loan is a rare acquisition financing from RIL which opted for term loans instead of a short-term bridge facility

Reliance group firm to acquire 49.1 mn shares of Sterling & Wilson Solar

Reliance New Energy Solar will acquire the shares for over Rs 1,840 crore