‹ All Posts
SAURABH SAHU

26th Apr 2025 · SEBI-Registered Analyst

Reliance Industries to Acquire Kandla GHA Transmission Limited

Reliance Industries Limited (RIL) has announced the acquisition of a 100% equity stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited for an amount not exceeding ₹20 crore. This strategic move, approved by RIL’s Board on April 25, 2025, aims to support the development of a major Independent Transmission Project that will power green hydrogen and ammonia manufacturing in the Kandla region of Gujarat (Phase-I: 3 GW). KGTL, incorporated in November 2024, has not yet begun commercial operations. Through this acquisition, Reliance will take charge of the turnkey construction of major transmission infrastructure, including a 765/400kV GIS substation, transmission lines, and associated facilities. This development highlights Reliance’s continued strategic investments in India's transition towards sustainable and futuristic energy solutions.

RELIANCE

#Post-ClosingCommentary#FundamentalViews#StockInNews#WatchOutFor#SectorBreakouts
L.1.jpg
193 likes·63 comments