+
Reliance Industries acquires Lakadia B Power Transmission Project
POWER & RENEWABLE ENERGY

Reliance Industries acquires Lakadia B Power Transmission Project

Reliance Industries has acquired a 100 per cent equity stake in Lakadia B Power Transmission (LPTL) for a total of Rs 600.73 million. As a result, LPTL has become a wholly-owned subsidiary of Reliance Industries.

Reliance Industries, India’s largest private sector corporation, operates across various sectors, including hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail, and digital services. The company recently reported a 12 per cent year-on-year increase in its consolidated net profit, reaching a record high of Rs 219.30 billion for the quarter ending December 31, 2024. Additionally, its Q3 revenue grew by 7.7 per cent to Rs 2.67 trillion, and its EBITDA rose 7.8 per cent to Rs 480.03 billion.

On February 14, 2025, Reliance Industries' stock saw a slight increase of 0.06 per cent, closing at Rs 1,216.95. This acquisition of LPTL is part of Reliance's on-going strategy to expand its business portfolio, further strengthening its presence in the power transmission sector.

News source: Business Standard

Reliance Industries has acquired a 100 per cent equity stake in Lakadia B Power Transmission (LPTL) for a total of Rs 600.73 million. As a result, LPTL has become a wholly-owned subsidiary of Reliance Industries. Reliance Industries, India’s largest private sector corporation, operates across various sectors, including hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail, and digital services. The company recently reported a 12 per cent year-on-year increase in its consolidated net profit, reaching a record high of Rs 219.30 billion for the quarter ending December 31, 2024. Additionally, its Q3 revenue grew by 7.7 per cent to Rs 2.67 trillion, and its EBITDA rose 7.8 per cent to Rs 480.03 billion. On February 14, 2025, Reliance Industries' stock saw a slight increase of 0.06 per cent, closing at Rs 1,216.95. This acquisition of LPTL is part of Reliance's on-going strategy to expand its business portfolio, further strengthening its presence in the power transmission sector. News source: Business Standard

Next Story
Infrastructure Energy

Arunachal’s Hydro Corp Earns Carbon Credits Milestone

The Hydro Power Development Corporation of Arunachal Pradesh (HPDCAPL) has received verified carbon credits for its 3 MW Zemithang hydro project in Tawang, making it the Northeast’s first in the voluntary carbon market.The Universal Carbon Registry issued credits for FY 2022–23, with the project having generated 16,326 tonne so far and targeting 97,783 tonne by 2028.The plant uses 1.5 MW pelton turbines and remains HPDCAPL’s only commissioned project. The initiative supports India’s net-zero goal by 2070.CMD Toko Onuj is steering HPDCAPL towards becoming a green energy and carbon tradi..

Next Story
Infrastructure Energy

Chandigarh Power Infra to Be Upgraded

Chandigarh Power Distribution Limited (CPDL) has announced plans to invest Rs 9.56 billion over five years to modernise the city’s ageing electricity network.Over 50 per cent of existing infrastructure is outdated, leading to frequent breakdowns. CPDL proposes tariff revisions to fund upgrades including new transformers, underground cabling, smart meters, and customer care centres.The Capital Expenditure (CAPEX) plan has been submitted to the Joint Electricity Regulatory Commission for approval.To improve communication, CPDL has also launched a KYC update drive for consumers. ..

Next Story
Infrastructure Energy

Jayakwadi Hydro Plant Shut Since Dec 2023 for Repairs

The 12 MW hydroelectric plant at Jayakwadi dam, Chhatrapati Sambhajinagar, has been offline since December 2023 due to turbine vibration issues.Officials say continued use could damage machinery. Three firms have submitted maintenance bids, which are under review by MAHAGENCO.The plant’s fast response—ready in 5 minutes—and low cost (50.56 paisa per unit) make it valuable for peak demand. Water used in the process is also pumped back into the reservoir...

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?