Chennai: More than 100 senior leaders from Reliance Infrastructure and Reliance Power came together 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 Reliance Infrastructure and Reliance Power, just a week ago by both boards 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 – Reliance Infrastructure and Reliance Power. 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.
Leaders also spotlighted high-growth verticals driving the Group’s future strategy. This included:
Reliance Infrastructure focus on
- Defence and Aerospace
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- Defence and Aerospace manufacturing and plans to manufacture Falcon 2000 business executive jets in India for global markets in partnership with Dassault Aviation of France
- Strategic partnership with US based Coastal Mechanics to establish MRO and overhaul hub in Maharashtra
- Strategic partnership with Rheinmetall AG of Germany, one of the world’s largest defence manufacturers
- Strengthening Strategic Partnership with Diehl Defence of Germany for Guided Munition / Terminally Guided Munition (TGM)
- Aim to rank among India’s top three defence exporters – Strong commitment to the Indian defence markets and ‘Make in India’ and ‘ Atmanirbhar’ initiative of the Government of India
- Power distribution – BSES in Delhi
- Serving more than 53 lakh households, covering two third population of Delhi
- Focus on continued excellence in smart, sustainable power delivery.
- Clean Green energy for Delhi by power sourcing in the next 5 years
- Renewable Energy Manufacturing – Solar and Battery storage
Reliance Power focused on
An operating portfolio of ~ 5.3 GW
Secured renewable energy projects of ~ 3.3 GWh of Solar and Battery Energy Storage System(BESS) projects, Asia’s largest solar-plus-storage project
“Pursue your goals even in the face of difficulties, and convert adversities into opportunities – the spirit of the Group’s legendary and visionary founder, Padma Vibhushan late Shri Dhirubhai H Ambani, resonated through out the discussion.
