Reliance New Energy Ltd (RNEL), a subsidiary of Reliance has bought 20% stake in the US based technology company Caelux Corporation for $12 Mn
In the 43rd AGM of Reliance Mukesh Ambani, Chairman and MD of Reliance gave 15-year vision on how Reliance aspires to become one of the world's leading New Energy and New Material company
In the 44th AGM he explained about his target of becoming net zero-carbon clean and affordable new energy company by 2035. He vowed that RIL will solely contribute 100 GW energy in next 3 years
In the Asia's Economic Dialogue Mukesh Ambani shared his Clean Energy Vision with Dr. Mashelkar in which he explained urgency of Green Energy to fight climate change issue
RIL to invest$10 Bn in building Ecosystem for the same.The Dhirubhai Ambani Green Energy Giga Complex over 5000 acres in Jamnagar is the beginning
RNEL has made several Investments and done some acquisitions:FaradianLithium WerksRECSkyTranAmbriSterling and WilsonNexwafeStiesdal
The latest investment in Caelux Corp is forCaelux's proprietary perovskite-based solar technology which is a gateway to innovation in crystalline solar modules
This technology enables high-efficiency solar modules that can produce 20% more energy over the 25-year lifetime of a solar project at significantly lower installed cost
JIO brought disruption in Telecom sector and stock gave 4 times returns. New Energy sector is one sector where Ambani can repeat the history again
Stocksbaazigar suggests SIP in RIL shares as it can provide Stability and Safety to the Portfolio with Moderate CAGR gains