Reliance Infra Shares in Focus; Announces Incorporation of Reliance Green Glide

Reliance Infrastructure (NSE: RELINFRA) has revealed the incorporation of Reliance Green Glide Private Limited, a subsidiary in the automobile sector. The new entity, established on January 21, 2025, is yet to commence operations.

Incorporation Details

Reliance Infrastructure Limited has disclosed the incorporation of a new subsidiary, Reliance Green Glide Private Limited, on January 21, 2025. The newly incorporated company will operate in the automobile and related activities sector, though it has yet to begin its business operations.

Reliance Green Glide Private Limited is wholly owned by Reliance Velocity Limited, which is itself a subsidiary of Reliance Infrastructure. This marks a significant step in Reliance Infrastructure’s strategic expansion in the automotive industry.

The company’s shares were subscribed in a manner typical for such incorporations, with Reliance Infrastructure holding 1% of the shares in the new entity. Further details on the company’s future business plans or operations have not been disclosed at this time.

Recent Business Development

Earlier this month, Reliance Infrastructure Limited announced the incorporation of four new subsidiaries as of January 7, 2025. These entities are focused on different sectors within the renewable energy, construction, and research industries. The new subsidiaries include:

1. Reliance Renewable Constructors Private Limited (RRCPL) – This entity will operate in the engineering and construction sector, focusing on renewable energy projects.
2. Reliance Green Innovation Private Limited (RGIPL) – Dedicated to research and development activities, RGIPL will focus on green technologies.
3. Reliance Cleantech Mobility Private Limited (RCMPL) – This company will focus on the renewable energy sector, particularly in the area of clean mobility solutions.
4. Reliance LoVE Private Limited (RLPL) – Another entity in the renewable energy sector, RLPL will work on various energy solutions.

All 4 subsidiaries are newly incorporated and have yet to begin business operations. Reliance Infrastructure, through its holding company Reliance Energy Limited, holds a 1% share in these entities

These new incorporations reflect Reliance Infrastructure’s commitment to expanding its presence in the renewable energy, clean tech, and engineering sectors.

Share Price Performance

Reliance Infrastructure’s share price traded 0.13% lower at ₹276.20 at 9:52 AM on the NSE. The stock opened at ₹283.90 higher than ₹276.55 at the previous close.

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