RNESL to acquire Faradion Limited for £100 million
Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), has entered into a definitive agreement to acquire Faradion Limited’s entire shareholding for £100 million. RNESL will deploy Faradion’s technology for its projected fully integrated energy storage gigafactory in Jamnagar, western India, as part of the Dhirubhai Ambani Green Energy Giga Complex project.
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