Reliance Group: Resilient, Renewed and Resurgent in Growth with Unanimous Approval to Raise ~ 18,000 Crore
More than 100 senior leaders from Reliance Infrastructure and Reliance Power gathered for a leadership meet, reaffirming their commitment to growth, innovation, and shareholder value creation. Both companies are nearly debt-free, with net worths of 14,883 crore and 16,431 crore, respectively, and have 50 lakh public shareholders. The Group highlighted high-growth verticals, including Reliance Infrastructure's focus on Defence and Aerospace manufacturing, partnerships with Dassault Aviation, Coastal Mechanics, Rheinmetall AG, and Diehl Defence, and a strategic partnership with US-based Coastal Mechanics to establish an MRO and overhaul hub in Maharashtra. Reliance Power is focused on renewable energy manufacturing and has secured renewable energy projects of ~ 3.3 GWh of Solar and Battery Energy Storage System(BESS) projects, Asia's largest solar-plus-storage project.
Key Highlights
- Reliance Group to raise ~ 18,000 crore through equity and debt for growth in Defence & Aerospace and Renewable Energy sectors
- Reliance Infrastructure focusing on Defence and Aerospace manufacturing, including Falcon 2000 business executive jets in India for global markets
- Reliance Power focused on renewable energy manufacturing and secured renewable energy projects of ~ 3.3 GWh of Solar and Battery Energy Storage System(BESS) projects
- Reliance Infrastructure and Reliance Power are nearly debt-free, with net worths of 14,883 crore and 16,431 crore, respectively
- Reliance Group consists of two public listed companies with 50 lakh public shareholders, one of India’s largest shareholder family