Reliance Industries Limited — JV/Acquisition, 16-01-2025: Acquisition

Reliance Industries has acquired a 100% equity stake in Lakadia B Power Transmission Limited for up to ₹8 crore. This acquisition, made from REC Power Development and Consultancy Limited, aligns with the company's strategy to enhance transmission infrastructure in India. Lakadia B Power Transmission, incorporated in late 2024, will enable Reliance to execute a significant project at the Lakadia Substation. Following this acquisition, LPTL will function as a wholly-owned subsidiary, with an expected completion timeline by the end of March 2025, setting the stage for operational growth and development in the transmission sector.