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Reliance New Energy Solar buys REC Solar for $771 million

Reliance Industries Ltd (RIL), through its unit Reliance New Energy Solar Ltd (RNESL), is rapidly expanding its footprints through acquisitions and stake buys. Reliance New Energy bought REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd for an enterprise value of $771 million

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has announced the acquisition of 100 per cent shareho

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has announced the acquisition of 100 per cent shareho

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has announced the acquisition of 100 per cent shareho

The purchase by its wholly owned subsidiary, Reliance New Energy Solar Ltd, dovetails the June announcement by the parent company that it would invest $10.1 billion in clean energy over three years

Mumbai: Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd.

The pedigree of solar panel manufacturer REC just became even more interesting, with the company acquired by an India-based firm.

Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has announced the acquisition of 100 per cent shareho

REC Solar will be key part of Reliances new energy vision to become a global scale PV manufacturing player with industry leading heterojunction (HJT) cell technology.