Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed definitive agreements to invest in Caelux Corporation (Caelux), a company headquartered in Pasadena, California, in the United States of America, engaged in the development of perovskite-based solar technology. RNEL will invest USD 12 million to acquire 20% stake in…
Tag: Reliance New Energy Limited
Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar
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•Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Limited, announced it has agreed to acquire 40 per cent stake in Sterling & Wilson Solar Limited. According to the company’s exchange filing, “Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of the Company, today executed definitive agreements with Shapoorji Pallonji and…