Reliance Industries Limited (RIL) has announced two strategic acquisitions, highlighting its commitment to energy innovation and infrastructure.
At a board meeting on January 16, 2025, the conglomerate approved the acquisition of Reliance New Energy Battery Limited (RNEBL) for ₹1 lakh and Lakadia B Power Transmission Limited (LPTL) for ₹8 crore.
RIL Gains Full Ownership of RNEBL
Reliance acquired a 100% stake in RNEBL, which Reliance New Energy Limited (RNEL) had previously owned as a step-down subsidiary.
RIL incorporated RNEBL on January 1, 2025, making it a direct wholly owned subsidiary.
The company specializes in developing advanced battery cells, battery packs, containers, and energy storage solutions.
The acquisition underscores RIL’s focus on expanding its footprint in sustainable and innovative energy storage technologies.
Strengthening Power Transmission with LPTL
In addition to RNEBL, RIL acquired a 100% stake in LPTL for ₹8 crore.
The acquisition is a step forward in enhancing India’s power transmission infrastructure.
LPTL’s inclusion in RIL’s portfolio aligns with the company’s broader strategy of strengthening the nation’s energy and power capabilities.
A Strategic Vision for Energy Innovation
With these acquisitions, RIL continues to position itself as a leader in energy innovation and infrastructure development.
As reported by republicbiz.com, by integrating advanced energy storage technologies and investing in power transmission, RIL demonstrates its commitment to driving India’s energy transition and supporting sustainable growth.
