Reliance Ethane Holding invests Rs 8.53 billion in units

15 Mar 2024 CW Team

Reliance Ethane Holding (REHPL), a fully owned subsidiary of the conglomerate Reliance Industries, recently invested Rs 2.84 billion in three of its subsidiaries, namely Ethane Coral LLC, Ethane Diamond LLC, and Ethane Jade LLC, totaling Rs 8.52 billion.

These Ethane LLCs have entered into agreements to purchase Very Large Ethane Carriers (VLECs), with each Ethane LLC set to possess one. The purpose of acquiring these VLECs is for the transportation of Ethane. This investment aims to facilitate Ethane LLCs in making partial payments for the construction of three VLECs.

According to a regulatory filing made by RIL, Reliance Ethane Holding (REHPL), a wholly-owned subsidiary of the Company, has disclosed its investment in 34,300,000 ordinary shares, each with a face value of $ 1, in each of its three wholly owned subsidiaries.

The Ethane LLCs are limited liability companies established on December 4, 2023, in the Republic of the Marshall Islands, with the purpose of owning VLECs. They have yet to begin their commercial operations. This investment is categorized as a related party transaction, involving REHPL (a wholly owned subsidiary of the Company) and its wholly owned subsidiaries, and has been conducted at arm?s length.

RIL stated, The Promoter, Promoter Group, and other group companies have no stake in the aforementioned investment, and clarified that no governmental or regulatory approvals were necessary for this investment.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..