Reliance industries to raise $3 billion equity
Company News

Reliance industries to raise $3 billion equity

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

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

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?