+
Reliance Ethane Holding invests Rs 8.53 billion in units
ECONOMY & POLICY

Reliance Ethane Holding invests Rs 8.53 billion in units

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.

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.

Next Story
Infrastructure Urban

XCMG Boosts Global Service Skills with World Competition

XCMG Machinery, a global leader in construction equipment, has successfully concluded the first edition of its World Skills Competition, reinforcing its commitment to developing elite service talent and enhancing global aftermarket service standards. The landmark event aligns with XCMG’s globalisation and “Skills Empowerment” strategies, as well as its contribution to the Belt and Road “Skills for Dreams” initiative.Empowering Technicians Across Borders:Held under XCMG's global expansion roadmap, the competition brought together more than 90 service technicians from 24 countries. Des..

Next Story
Infrastructure Urban

VE Commercial Vehicles Registers 7.4% Sales Growth in July 2025

VE Commercial Vehicles (VECV), a joint venture between the Volvo Group and Eicher Motors, reported total sales of 7,115 units in July 2025, marking a 7.4 per cent increase compared to 6,622 units sold in July 2024. The growth was primarily driven by strong performance in the Eicher brand portfolio, alongside a robust increase in exports.Sales Performance Highlights – July 2025:Eicher Brand Sales: Eicher-branded trucks and buses recorded sales of 6,940 units in July 2025, up 7.7 per cent from 6,444 units in July 2024.Domestic Market: Domestic sales of Eicher-branded commercial vehicles reache..

Next Story
Infrastructure Urban

Utkarsh Small Finance Bank Reports Q1 FY26 Results

Utkarsh Small Finance Bank has announced its financial results for the quarter ended June 30, 2025. Approved at the Board meeting held on August 2, 2025, the results reflect a strategic shift towards secured lending, deposit growth, and network expansion, even as the bank reported a net loss during the quarter due to a prudent approach in the unsecured lending segment.Operational and Financial Highlights (Q1 FY26):Loan Book Performance: Gross loan portfolio stood at Rs 192.24 billion, registering a 2.3 per cent year-on-year (YoY) growth. The share of secured loans rose to 45 per cent of the to..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?