Reliance Industries Ltd (RIL) is set to invest Rs 1.6 lakh crore in setting up a 1.5-gigawatt data centre cluster and a captive solar battery storage system in Visakhapatnam, Andhra Pradesh.
India’s Reliance joins a major US refinery project in Texas as Washington pushes energy expansion while oil supply routes face disruption during the escalating West Asia conflict.
Earlier, REIL was the step-down wholly owned subsidiary of RIL.
As an integrated EV infrastructure player, Jio-bp is actively partnering with leading OEMs, technology, and platform players for setting up its EV fixed charging stations with a format-specific approach for all vehicle categories.
IMG is a global leader in sports, fashion, events and media, operating in more than 30 countries, and is a part of the Endeavor network.
A report in Mint on Wednesday said that the talks between in the two firms are now at an advanced stage.
Reliance Industries, the country's most valued firm, last month became the first Indian company to cross the Rs 11 lakh crore market valuation mark.
Accordingly, RIL has raised over Rs 168,818 crore in just 58 days. The company's net-debt was Rs 161,035 crore, as on March 31, 2020.
This is largest Foreign Direct Investment (FDI) in the Indian technology sector and also the largest investment by a tech company to buy minority stake globally. Today's early trading showed a surge in the price of shares of RIL by 8 per cent after Facebook announced its investment plans.
Around 1150 hours RIL's market capitalisation reached Rs 9,00,317.35 crore. At the same time, company’s shares were trading over 2 per cent.
