Reliance Group has launched the ‘Reliance Group Corporate Centre’ (RGCC) as a part of its VISION 2030: Growth Strategy. The RGCC will serve as a strategic hub, providing guidance to the Group’s companies as they pursue new opportunities and technological advancements.
The establishment of RGCC aims to harness the in-house expertise of these seasoned leaders to support the Group’s forward-looking growth initiatives and cultivate a new generation of leadership for future projects. The RGCC will play a pivotal role in mentoring and developing emerging leaders, blending experience with fresh talent to propel the group towards sustained growth.
In recent developments, Reliance Infrastructure and Reliance Power, key entities under the Reliance Group, have achieved zero bank debt status and outlined plans for expansion into new growth areas. Reliance Power has secured 1,270 MW of renewable power projects in Bhutan, while Reliance Infrastructure, through its subsidiary Reliance Defence, is setting up a manufacturing facility for small arms, ammunition, and explosives in Ratnagiri, Maharashtra, spanning 1,000 acres.
To support these ambitious expansion plans, the companies have announced a combined fundraising effort of Rs 17,600 crore. This includes Rs 4,500 crore via preferential equity issues, Rs 7,100 crore from Varde Partners through equity-linked long-term FCCBs, and Rs 6,000 crore via Qualified Institutional Placement (QIP), with Reliance Power and Reliance Infrastructure each targeting Rs 3,000 crore.
Reliance Infrastructure (RInfra) is one of the largest infrastructure company, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space such as Power, Roads, Airport, Metro Rail and Defence.
| Company Name | CMP |
|---|---|
| NTPC | 401.85 |
| Tata Power | 432.25 |
| Adani Power | 203.85 |
| Power Grid Corp | 321.00 |
| Torrent Power | 1610.15 |
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