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.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..