Reliance to Invest Rs 1.5 Trn in Energy and Petrochemical Growth
Reliance Industries Ltd (RIL), led by Mukesh Ambani, has announced plans to invest Rs 750 billion each into its new energy business and petrochemical expansion initiatives, according to a recent company presentation.In its financial year 2025 results statement, Ambani highlighted that the group had laid a strong foundation for its renewable energy and battery manufacturing projects.“In the coming quarters, we will transition from incubation to operationalisation. Our new energy business will create significant value for Reliance, India, and the world,” Ambani stated.Reliance has commission..
Adani Energy Plans Rs 160-180 Bn Capex for FY26 Growth
Adani Energy Solutions Ltd (AESL) plans a capital expenditure of Rs 160-180 billion for FY26, focusing on transmission, smart meters, and distribution, according to Chief Executive Officer Kandarp Patel. The company will allocate Rs 120-130 billion for transmission, Rs 40 billion for smart meters, and Rs 16 billion for distribution.AESL had incurred a capex of Rs 114.44 billion in FY25. The company’s transmission pipeline remains strong, with Rs 540 billion worth of inter-state transmission system (ISTS) projects in the bid-out stage. AESL expects states to increase transmission investments ..
Patel Engineering Wins Rs 7.18 Bn NEEPCO Hydro Project In Arunachal
Patel Engineering (PEL) has emerged as the lowest bidder for a hydroelectric project awarded by North Eastern Electric Power Corporation (NEEPCO) in Arunachal Pradesh. The contract, valued at Rs 7.18 billion, involves the 240 MW project located in Shi Yomi district.The project, upon completion, is expected to generate approximately 1,000 million units of energy annually. This will enhance the energy infrastructure of the region and contribute significantly to sustainable development initiatives in the state.The awarded scope of work includes the construction of civil structures and associated ..
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