Reliance Industries Limited (RELIANCE) — Board Meeting | 16 January 2025

· NSE 🟡 Notable ✨ Positive
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings

Reliance Industries Limited has approved acquiring 100% equity stake in Reliance New Energy Battery Limited (RNEBL) from its wholly owned subsidiary Reliance New Energy Limited for a nominal ₹1 lakh. The acquisition aims to develop energy storage manufacturing capabilities, particularly in Advanced Chemistry Cells, with RNEBL poised to manufacture battery cells and storage systems.

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About Reliance Industries Limited (RELIANCE)

Oil Gas & Consumable Fuels · Petroleum Products · Listed on NSE

Market Cap: ₹18,08,488.47 Cr P/E: 21.7 ROE: 9.9% ROCE: 11.2%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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