RNESL, which isyet to commencebusiness operations, will undertake activities pertaining to solar energyReliance Industries has invested Rs 1,00,000 cash in Reliance New Energy Solar Limited' (RNESL), a newly included entirely owned subsidiary, as part of its venture into new energy.
The Business (Reliance Industries) has invested Rs 1,00,000 in money in 10,000 equity shares of Rs 10 each of Reliance New Energy Solar Limited (RNESL), a newly integrated completely owned subsidiary, Reliance Industries stated in a regulative filing to the stock market.
RNESL, which is yet to start business operations, will undertake activities referring to solar energy.Reliance Industries stated the investment in RNESL does not fall within related celebration transactions and the promoter/promoter group companies do not have any interest in RNESL.At the Reliance Industries' AGM hung on June 24, chairman Mukesh Ambani had announced strategies to establish Dhirubhai Ambani Green Energy Giga Complex at Jamnagar in Gujarat.At 3:05 pm, Reliance Industries shares were trading higher by 0.6 percent at Rs 2097 in a strong market.