Reliance industries to raise $3 billion equity

17 Feb 2022 CW Team

Reliance Industries Limited is in talks with investors on a global level for raising equity around $3 billion to boost their future plans for their renewable energy business.

The discussion is currently at a preliminary stage. The Reliance refining-to-retail conglomerate will now pick a few potential investors that include a large pension fund as well as sovereign wealth funds in the Middle East.

A long-time close associate and Reliance industries veteran, Manoj Modi is handling the discussions similar to the Jio platforms.

The discussions are on a formal level including the potential investments’ valuation and structure. The amount of the preliminary investment has been decided but the final decision can change to some extent.

The equity that will be sold by the renewable energy business of Reliance Industries has not been disclosed.

In 2020 the Jio platform raised equity of $10.3 billion via equity deals. The five investors were Facebook, Silver Lake, Vista Equity Partners, General Atlantic, and KKR.

Currently, Reliance generates over 50% of its revenue from refining and petrochemicals. They are establishing a Green Energy Giga Complex named after Dhirubhai Ambani on a 5,000 acre land parcel in Jamnagar, Gujarat. In the last year, the company mentioned that their factories will produce integrated solar photovoltaic modules and electrolyzers. They will further have fuel cells and energy storage. Reliance Industries is planning to make an investment of over Rs 75,000 crore in the green energy initiatives in the upcoming three years for being a net-zero company by the end of 2035.

Image Source

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..