Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1457.60
-0.85 (-0.06%)
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Reliance Industries incorporates wholly owned subsidiary in Singapore

Date: 13-02-2025

Reliance Industries has incorporated a wholly owned subsidiary, named REC Sustainable Energy Solutions (REC SES) on February 12, 2025 in Singapore, to set up a global capability centre for consolidating research and development (R&D) activities, facilitating the recruitment of global talent, and providing technical and procurement services to support the company’s new energy initiatives. The company will invest an amount of $100,000 towards initial subscription of 100,000 shares of $1 each.

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.