
Reliance New Energy buys 20% stake in U.S.-based Caelux; stock down 1%
The investment is part of RIL’s strategy to accelerate product development and commercialisation of Caelux’s solar technology.
The investment is part of RIL’s strategy to accelerate product development and commercialisation of Caelux’s solar technology.
RIL will acquire a 79.4% stake in SenseHawk, through primary infusion and secondary purchase.
One of the key components linking the entire value chain of green energy is affordable and reliable power electronics
The deal, valued at $61 million, includes funding for future growth and is expected to complete by June 2022
Reliance is in the process of investing ₹75,000 crore to build 100 GW renewable capacity