Reliance Group: Resilient, Renewed and Resurgent in Growth

More than 100 senior leaders from Reliance Infrastructure and Reliance Power came together for a leadership meet to agree the next horizon of the Group's transformation journey.

After the unanimous approval by the Board of Directors of Reliance Infrastructure and Reliance Power, just a week ago by both boards to raise ₹ 18,000 crore by way of equity and debt to fund growth across Defence & Aerospace and Renewable Energy sectors, the meeting reflected unity of purpose, renewed vigour and a shared resolve to deliver long-term value for stakeholders.

The Reliance Group today consists of two public listed companies - Reliance Infrastructure and Reliance Power. Both companies are:

- Nearly Debt-free,
- Have net worths of ₹14,883 crore and ₹16,431 crore respectively, and
- Have 50 lakh public shareholders, one of India's largest shareholder family.

Leaders also spotlighted high-growth verticals driving the Group's future strategy. This included:

Reliance Infrastructure focus on

1. Defence and Aerospace

- Defence and Aerospace manufacturing and plans to manufacture Falcon 2000 business executive jets in India for global markets in partnership with Dassault Aviation of France

- Strategic partnership with US based Coastal Mechanics to establish MRO and overhaul hub in Maharashtra

- Strategic partnership with Rheinmetall AG of Germany, one of the world's largest defence manufacturers

- Strengthening Strategic Partnership with Diehl Defence of Germany for Guided Munition / Terminally Guided Munition (TGM)

- Aim to rank among India's top three defence exporters - Strong commitment to the Indian defence markets and 'Make in India' and ' Atmanirbhar' initiative of the Government of India

2. Power distribution - BSES in Delhi

- Serving more than 53 lakh households, covering two third population of Delhi

- Focus on continued excellence in smart, sustainable power delivery.

- Clean Green energy for Delhi by power sourcing in the next 5 years

3. Renewable Energy Manufacturing - Solar and Battery storage

Reliance Power focused on

An operating portfolio of ~ 5.3 GW

Secured renewable energy projects of ~ 3.3 GWh of Solar and Battery Energy Storage System(BESS) projects, Asia's largest solar-plus-storage project

"Pursue your goals even in the face of difficulties, and convert adversities into opportunities - the spirit of the Group's legendary and visionary founder, Padma Vibhushan late Shri Dhirubhai H Ambani, resonated through out the discussion.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 342.05 as compared to the previous close of Rs. 360.05. The total number of shares traded during the day was 42977 in over 1233 trades.

The stock hit an intraday high of Rs. 342.05 and intraday low of 342.05. The net turnover during the day was Rs. 14700282.00.

Shares of Reliance Power Limited was last trading in BSE at Rs. 56.72 as compared to the previous close of Rs. 59.70. The total number of shares traded during the day was 4057042 in over 15153 trades.

The stock hit an intraday high of Rs. 57.88 and intraday low of 56.72. The net turnover during the day was Rs. 230222536.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA ReliancePower INE614G01033 RPOWER BusinessUpdate