Senior leaders from Reliance Infrastructure and Reliance Power came together recently for a leadership meet to agree the next horizon of the group’s transformation journey. After the unanimous approval by the Board of Directors of the two companies, just a week ago to raise `18,000 crore by way of equity and debt to fund growth across Defence & Aerospace and Renewable Energy sectors, the meeting reflected unity of purpose, renewed vigour and a shared resolve to deliver long-term value for stakeholders.
The Reliance Group today consists of two public listed companies, namely: Reliance Infrastructure and Reliance Power. Now both companies are nearly Debt-free; have net worths of `14,883 crore and `16,431 crore respectively; and have 50 lakh public shareholders – one of India’s largest shareholder family. In the meeting, leaders also spotlighted high-growth verticals, including Defence and Aerospace; Power distribution – BSES in Delhi; and Renewable Energy Manufacturing – Solar and Battery storage driving the group’s future strategy.
