RIL transfers Rs 51.50 bn to warehouse InvIT fund

30 Oct 2023 CW Team

Reliance Industries (RIL) announced earlier this week that it had transferred Rs 51.50 billion to its warehouse InvIT infrastructure investment trust (InvIT) entity. The assets were transferred on October 25, 2023, for a total consideration of Rs 51.50 billion. The earning statement also mentioned that the asset value had been included in the 'Other Financial Assets' segment as of September 30, 2023.

RIL had established an InvIT, enabling the group to monetise the backend warehousing and logistics assets of its retail business. The trust was registered with the market regulator Securities and Exchange Board of India (Sebi) in February of the same year. The funds generated through the InvIT would be utilised for acquiring warehousing and logistics-related assets through a special-purpose vehicle.

Reliance Retail, the retail business arm of Reliance Industries led by billionaire Mukesh Ambani, has been actively expanding its presence across various channels. The company has been investing in backend infrastructure, including warehousing, supply chain, and logistics facilities. As of September 30, Reliance Retail was operating 18,650 stores covering an area of 71.5 million square feet.

In the statement, it was revealed that Reliance Retail's focus is on strengthening its backend infrastructure to support its aggressive expansion strategies.

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..