Reliance, Bill Gates, other investors to invest $144 mn in Ambri Inc

11 Aug 2021 CW Team

On Tuesday, Reliance Industries Limited (RIL) told the media that the company, along with Bill Gates, Paulson & Co, an investment management firm and a few other investors, would invest $144 million in Ambri Inc, a US-based energy storage firm.

The investment will commercialise and grow the company's long-duration battery storage systems. The company is to invest after Reliance unveiled an investment of $10 billion in a green power plant for net carbon zero by 2035, along with developing four Giga factories in Jamnagar, Gujarat, as a project of the Dhirubhai Ambani Green Energy Giga Complex. The facility will produce solar cells, solar modules, energy storage batteries, fuel cells and green hydrogen.

The company said that the wholly-owned company of Reliance, Reliance New Energy Solar Ltd (RNESL), would acquire 42.3 million preferred shares of Ambri Inc worth $50 million.

It also said that RNESL and Ambri are planning an exclusive collaboration to set up a large-scale battery manufacturing facility in India.

The energy storage systems of Ambri, which will last for 4-24 hours, will break through the cost, longevity, and safety barriers of the lithium-ion batteries used in grid-scale stationary storage applications, Mukesh Ambani said. The company will enable an energy storage solution to increase the amount of renewable energy being integrated into electric power grids.

Ambri said that it would use the investments to build and design high-volume manufacturing facilities in the US and overseas to supply its long-duration battery systems to meet the demand of the grid-scale energy storage system market and large industrial energy customers.

The entry of Reliance in India's renewable energy will bring competition to other renewable companies, including AdaniGreen Energy Limited and ReNew Power.

Image Source

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..