Reliance Industries Limited — JV/Acquisition, 25-04-2025: Acquisition

Reliance Industries has announced the acquisition of a 100% equity stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited for up to ₹20 crore. This strategic move supports the establishment of a turnkey construction for a major transmission project, aimed at supplying power to green hydrogen and ammonia production in Kandla, Gujarat. KGTL, yet to commence operations, will become a wholly-owned subsidiary post-acquisition. This initiative is expected to enhance Reliance's capabilities in the renewable energy sector and contribute to its long-term growth. Completion of the acquisition is anticipated by the end of June 2025.