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Reliance Infrastructure’s arm gets 12 industrial licences from DIPP

10 Mar 2016 Evaluate

Department of Industrial Policy and Promotion (DIPP) has approved 12 industrial licences to Reliance Defence, an arm of Reliance Infrastructure, for manufacturing of a wide range of defence equipment. The licence approval by the DIPP for strategic business units (SBUs) of the company is aimed at addressing defence programmes in India and overseas.

Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.

Peers
Company Name CMP
NTPC 333.30
Tata Power 365.00
Adani Power 209.85
Power Grid Corpn. 269.10
Adani Energy Solut. 1373.75
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