Reliance Infrastructure launches new real estate subsidiary Reliance Jai Properties with ₹1 lakh initial capital
4 months, 1 week ago

Reliance Infrastructure launches new real estate subsidiary Reliance Jai Properties with ₹1 lakh initial capital

Live Mint  

Reliance Infrastructure Limited on August 12, announced the incorporation of a new subsidiary, Reliance Jai Properties Private Limited, expanding its footprint in the real estate sector, the company announced in an exchange filing. Reliance Infrastructure share price closed in red on August 11, down 1.80 per cent at ₹225.85, on BSE. The new subsidiary was established as a wholly owned subsidiary of Reliance Energy Limited, which is itself a subsidiary of Reliance Infrastructure. Reliance's move to ride the wave This expansion comes at a time when India's real estate sector is experiencing significant growth, driven by urbanization, rising income levels, and government initiatives to boost housing and commercial development.

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India's Reliance Infra weighs EV push, taps ex-BYD exec, sources say
3 months, 2 weeks ago

India's Reliance Infra weighs EV push, taps ex-BYD exec, sources say

The Hindu  

India's Reliance Infrastructure is considering plans to manufacture electric cars and batteries, and has hired a former India executive at China's BYD Co. to advise on its plans, two sources briefed on the matter told Reuters. The company, part of Anil Ambani's Reliance Group, has hired external consultants to conduct a "cost feasibility" study for setting up an EV plant …

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