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

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..