The government is in talks with at least five private firms including Reliance Industries, Tata Power, Adani Power and Vedanta Ltd to invest around 440 billion rupees ($5.30 billion) each, the two sources, who are directly involved in the matter, said last week.
Reliance Industries has been toppled from the position of India’s most profitable company by State Bank of India (SBI). According to the report, Reliance Industries lost out to SBI in 2023-24 (FY24) April-June quarter.