Reliance Power Ltd forms companies to foray into AI and allied businesses

Reliance Power Limited ("the Company"), as a step to participate in the rapidly evolving field of Artificial Intelligence ("AI") and allied new-age technologies, has through its subsidiaries, undertaken certain enabling steps to incorporate AI and related technology-driven activities within its business framework.

Pursuant thereto, relevant objects covering Artificial Intelligence and technology-enabled services have been incorporated including adoption of the following new names of the subsidiaries:

(1) Reliance AI Green Power Private Limited
(2) Reliance AI Power Private Limited
(3) Reliance AI Data Control Private Limited
(4) Reliance AI Data C Private Limited

Shares of Reliance Power Limited was last trading in BSE at Rs. 24.84 as compared to the previous close of Rs. 24.15. The total number of shares traded during the day was 3513449 in over 7044 trades.

The stock hit an intraday high of Rs. 25.27 and intraday low of 24.21. The net turnover during the day was Rs. 86757011.00.

Source : Equity Bulls

Keywords

ReliancePower INE614G01033 RPOWER Subsidiaries AI NewAgeTechnologies