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Reliance Industries to acquire 100% stake in MSKVY Nineteenth Solar SPV, MSKVY Twenty-second Solar SPV

26 Mar 2024 Evaluate

Reliance Industries has received approval to acquire 100% equity shares of MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV from MSEB Solar Agro Power in accordance with the terms of the tender awarded to the company for setting up of aggregate solar capacity of 128 MW across various sites in Maharashtra under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. 

The Board of Directors of the Company, at its meeting held on March 22, 2024 approved the same. 

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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