Reliance Energy Ltd forms subsidiary for providing advanced IT technology and infrastructure facilities

Reliance Infrastructure Limited has announced the formation of a new subsidiary Reliance Unlimit Private Limited (RUPL) by Reliance Energy Limited (REL) a subsidiary of the Company.

RUPL is incorporated on May 31, 2024, as a wholly owned subsidiary of Reliance Energy Limited (REL), which is a wholly owned subsidiary of the Company. The Certificate of incorporation has been received from the Ministry of Corporate Affairs on June 3, 2024.

The main objective of new subsidiary is to provide advance IT technology and infrastructure facilities to enhance business activities, automation, system integration, analytics, etc.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 166.45 as compared to the previous close of Rs. 167.10. The total number of shares traded during the day was 264663 in over 3543 trades.

The stock hit an intraday high of Rs. 169.90 and intraday low of 163.00. The net turnover during the day was Rs. 44012659.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA RelianceEnergy Subsidiary RelianceUnlimit ITTechnology InfrastructureFacilities