Reliance Retail boosts its “Handmade in India” programme through dedicated artisan-only store format, “Swadesh” and new partnerships with state governments and undertakings to create a strong, vigorous and sustainable eco-system for local artisans.
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Reliance launches Jio World Centre—India’s largest and most prestigious multi-faceted destination—in Mumbai.
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Reliance Retail expands partnerships with leading designers to include Rahul Mishra and Abraham and Thakore.
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Reliance Retail Ventures Limited acquires majority equity stake in Clovia, an industry leader in the bridge-to-premium intimate wear category.
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Reliance Retail invests US$ 200 million in last-mile delivery and quick commerce player Dunzo for 25.8% stake.
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Reliance is investing Rs 5.95 lakh crore in Green Energy and other projects in Gujarat over a span of 10 to 15 years. The investment will help in setting up a 100 GW Renewable Energy Power Plant and develop a Green Hydrogen ecosystem. RIL will also develop an ecosystem for assisting Small and Medium Enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of Renewable Energy and Green Hydrogen.
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RNEL continues to build the New Energy ecosystem by acquiring assets of LFP batteries provider Lithium Werks for USD 61 million. Lithium Werks is a leading provider of cobalt free and high-performance Lithium Iron Phosphate (“LFP”) batteries.
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RIL, through its subsidiary company Reliance New Energy Ltd (RNEL), announces acquisitions and partnerships to develop the New Energy ecosystem.
• USD 144 million investment in energy storage company Ambri Inc along with strategic investors Paulson & Co. Inc. and Bill Gates, and a few others, as part of Reliance’s long-duration energy storage systems business globally
• USD 771 million acquisition of REC Solar Holdings AS (REC Group), one of the world’s leading solar cells/panels and polysilicon manufacturing companies
• 40% stake acquisition in Sterling & Wilson Solar, one of the largest EPC and O&M providers globally, to provide turnkey solutions in the New Energy value chain
• USD 29 million (EUR 25 million) investment in Germany’s NexWafe and a partnership for the joint technology development and commercialization of high-efficiency monocrystalline “green solar wafers”
• Collaboration with Denmark’s Stiesdal A/S on development and manufacturing of their HydroGen Electrolyzers in India, which will produce hydrogen at a significantly lower cost compared to current levels, thus paving the way for rapid decarbonization and commercialization of affordable Green Hydrogen
• GBP 100 million acquisition of leading global sodium-ion battery technology company Faradion Ltd, and an additional GBP 25 million investment as growth capital to accelerate commercial roll out.