Reliance Infrastructure Limited — Updates, 10-01-2025: Incorporation

Reliance Infrastructure has announced a board meeting to discuss the incorporation of two wholly owned subsidiaries under Reliance Velocity Limited: Reliance MoEVing Private Limited and Reliance GreenTech Mobility Private Limited. These entities will focus on manufacturing and dealing in electric vehicles and their components. The total investment for equity capital is Rs. 1 lakh each. This strategic move aims to expand Reliance's presence in the growing electric mobility sector, potentially enhancing its long-term growth prospects. Investors might view this development positively as it aligns with sustainability trends and could open new avenues for revenue.