Reliance Infrastructure Limited has informed the Exchange about Incorporation
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Reliance Infrastructure has informed exchanges about the incorporation of a joint venture company called GDL - Reliance Solar Pte Ltd (GRSPL) on July 24, 2025, in Bhutan's Gelephu Mindfulness City, a Special Administrative Region. The JV is a 50:50 partnership between Green Digital Private Limited, a State Owned Enterprise of the Royal Government of Bhutan, and Reliance Enterprises Private Limited (REPL), an associate company of Reliance Infrastructure. Reliance Infrastructure indirectly holds a 25% stake through REPL, with another associate, Reliance Power Limited, also holding 25% indirectly. REPL subscribed 2,25,000 shares of USD 100 each in cash for its 50% stake. The new entity will operate in the renewable and green energy sector but has not yet commenced business operations.
This is a strategic entry into the renewable energy sector through an international JV with a Bhutanese government entity, potentially opening new growth avenues for Reliance Infrastructure's associate companies. For shareholders, the indirect 25% exposure signals expansion into green energy but the immediate financial impact is minimal since the entity is newly incorporated and operations have not yet begun.