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Tag Archives: RIL

Reliance acquires REC Solar Holdings for $771 million

TBB BUREAU MUMBAI, OCT 10, 2021 Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of USD 771 million. REC is headquartered in Norway and has its operational headquarters in ...

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RIL Q1FY22 net profit jumps 66 pc to Rs 13,806 cr

TBB BUREAU MUMBAI, JULY 23, 2021 Mukesh Ambani-owned Reliance Industries Ltd (RIL) on Friday reported a 66.7 per cent growth in its year-on-year consolidated net profit for the quarter ended June 30, 2021 (Q1FY22) at Rs 13,806 crore. In a regulatory filing, RIL said that Rs 12,273 crore is the net profit attributable to the owners of the company. The ...

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