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Reliance Infrastructure Expands into Renewable Energy with New Subsidiaries

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Reliance Infrastructure Expands into Renewable Energy with New Subsidiaries

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Reliance Infrastructure Limited ( (IN:RELINFRA) ) has issued an update.

Reliance Infrastructure Limited announced the incorporation of two new subsidiaries, Reliance Zetta SolarTech Private Limited and Reliance Zetta Solar Private Limited, under its wholly-owned subsidiary, Reliance Energy Limited. These subsidiaries are set to operate in the renewable energy sector, focusing on solar energy generation, transmission, and distribution. The move aligns with the company’s strategic expansion into renewable energy, potentially enhancing its market position by diversifying its energy portfolio and contributing to sustainable energy initiatives.

More about Reliance Infrastructure Limited

Reliance Infrastructure Limited operates in the infrastructure sector, with a focus on energy, power, and infrastructure projects. The company is involved in constructing and managing infrastructure facilities, including roads, metro rail, and power projects, catering to both private and public sectors.

YTD Price Performance: -11.81%

Average Trading Volume: 162,697

Current Market Cap: 111.4B INR

Learn more about RELINFRA stock on TipRanks’ Stock Analysis page.

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