Reliance New Energy acquires assets of battery maker Lithium Werks
India’s Reliance New Energy will acquire all the assets of battery maker Lithium Werks for $61 million
Reliance Industries
Reliance caps slew of green purchases with UK battery firm
A wholly-owned unit of Reliance Industries will buy the UK’s Faradion Ltd, a sodium-ion battery technology firm, for an enterprise value of 100 million pounds ($135 million) as billionaire Mukesh Ambani’s conglomerate accelerates its push into renewable energy.
India’s Reliance accelerates push into renewable energy with two acquisitions
Mukesh Ambani’s Reliance Industries (NSE:RELIANCE) acquired a Norwegian solar panel maker and an Indian builder of renewable projects in a bid by the oil-to-retail conglomerate to extend its dominance into alternative energy.
Aramco in advanced talks on $25bn Reliance deal
Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd.’s oil refining and chemicals business, people with knowledge of the matter said.
Fossil fuels giant Reliance will invest $10bn in Indian renewable energy
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.
South Asia steps up efforts to follow global energy transition
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Oxy delivers world-first carbon neutral crude to India
Occidental Petroleum has delivered a first shipment of carbon-neutral oil to Reliance Industries, in India.
Reliance overtakes Exxon to become world’s second biggest energy firm
Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and retail forays.
Reliance surpasses BP to join elite oil supermajor club
Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.
TechnipFMC announces major contract awards for Indian deepwater project
TechnipFMC has announced the award of a number of “significant” contracts for a deepwater project off the coast of India.