Reliance Group: Resilient, Renewed and Resurgent in Growth with Unanimous Approval to Raise ~ 18,000 Crore for Defence & Aerospace and Renewable Energy Sectors

More than 100 senior leaders from Reliance Infrastructure and Reliance Power came together for a leadership meet to agree on the next horizon of the Group’s transformation journey. After the unanimous approval by the Board of Directors of both companies to raise ~ 18,000 crore by way of equity and debt, the meeting reflected unity of purpose, renewed vigour and a shared resolve to deliver long-term value for stakeholders. The Reliance Group 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. High-growth verticals driving the Group’s future strategy include Reliance Infrastructure focus on Defence and Aerospace, Power distribution - BSES in Delhi, and Renewable Energy Manufacturing — Solar and Battery storage for Reliance Power.