Reliance Group will come Back Stronger! More than 100 Senior Leaders meet to transform Reliance

Recently, Reliance is going through a lot of turmoil. SBI has labelled Reliance Communications and Anil Ambani as ‘Fraud’ and plans to File CBI Complaint. ED has conducted raids over 50 sites linked to Anil Ambani in Rs 3,000 crore Yes Bank loan fraud.

Now 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:

1. Defence and Aerospace

Reliance infrastructure has some huge projects in mind. The company wants to enhance the 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.

The Company also wants to enter into a strategic partnership with US based Coastal Mechanics to establish MRO and overhaul hub in Maharashtra.

Reliance infrastructure may also enter into a strategic partnership with Rheinmetall AG of Germany, one of the world’s largest defence manufacturers.

The company also wants to strengthen Strategic Partnership with Diehl Defence of Germany for Guided Munition / Terminally Guided Munition (TGM)

Reliance infrastructure aims 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.

2. Power distribution – BSES in Delhi

Reliance infrastructure is serving more than 53 lakh households, covering two third population of Delhi and aims to provide clean Green energy for Delhi by power sourcing in the next 5 years

3.Renewable Energy Manufacturing – Solar and Battery storage

Reliance Power focused on an operating portfolio of ~ 5.3 GW and secured renewable energy projects of ~ 3.3 GWh of Solar and Battery Energy Storage System (BESS) projects, Asia’s largest solar-plus-storage project.

About Reliance Group:

Reliance Group has two prominent companies under its umbrella, Reliance Infrastructure Limited and Reliance Power Limited, are debt-free with zero outstanding loans from banks or financial institutions.

The group’s financial strength is reflected in its net worth and annual turnover, each amounting to INR 33,000 crore, and market capitalization around INR 40,000 crore, with a shareholder base exceeding 4 million.

Reliance Infrastructure Limited is active in the energy sector, focusing on power distribution in Delhi and power generation. The company also has interests in defence manufacturing and plays a key role in infrastructure development through special purpose vehicles (SPVs), including projects like the Mumbai Metro.

Reliance Power, a leading power generation company in India with a total installed capacity of 5,305 MW, including the 4,000 MW Ultra Mega Power Project in Sasan, Madhya Pradesh, currently the largest integrated thermal power plant in the world.