Stock in Focus Today: Reliance Infrastructure incorporates four new subsidiaries 

Reliance Infrastructure Limited announced the incorporation of four new wholly-owned subsidiaries under its subsidiary, Reliance Energy Limited (REL). The newly formed entities—Reliance Renewable Constructors Private Limited (RRCPL), Reliance Green Innovation Private Limited (RGIPL), Reliance Cleantech Mobility Private Limited (RCMPL), and Reliance LoVE Private Limited (RLPL)—mark a significant step in expanding the company’s presence in engineering, renewable energy, and innovation sectors.

Key Details:

1. Purpose and Scope:
   • RRCPL: Focuses on engineering and procurement contracts.
   • RGIPL: Engages in research, development, and manufacturing in advanced fields.
   • RCMPL and RLPL: Dedicated to renewable energy generation, transmission, and distribution.
2. Investment and Ownership:
   • Each company has an authorized and paid-up capital of ₹1 lakh, comprising 10,000 equity shares priced at ₹10 per share. The investments were made as equity capital by REL.
3. Strategic Importance:
   • The formation of these subsidiaries aligns with Reliance Infrastructure’s strategy to strengthen its renewable energy and engineering capabilities. The move supports India’s renewable energy transition and innovation-driven growth.
4. Location and Operations:
   • All entities are headquartered in India and are expected to commence operations soon.

The shares of Reliance Infrastructure closed 2.08% higher at ₹309.55 on NSE. 

This development highlights Reliance Infrastructure’s focus on sustainable energy and cutting-edge technological advancements. The company aims to capitalize on opportunities in renewable energy and engineering to drive growth in the years ahead.