Reliance’s Latest Acquisitions: Battery And Power Transmission Plans Decoded

Reliance Industries Limited (RIL) has made headlines with two strategic acquisitions. The conglomerate acquired a 100% stake in Reliance New Energy Battery Limited for Rs 1 lakh and Lakadia B Power Transmission Limited for Rs 8 crore.

Reliance Acquires New Energy Battery Subsidiary
The company acquired a 100% equity stake in Reliance New Energy Battery Limited (RNEBL). The acquisition, approved at the board meeting held on January 16, 2025, underscores RIL’s focus on advancing energy storage technologies.

RNEBL, incorporated on January 1, 2025, was initially a step-down subsidiary under Reliance New Energy Limited (RNEL). Now a direct wholly owned subsidiary of RIL, RNEBL is dedicated to developing advanced battery cells, packs, and containers, alongside energy storage solutions.

‘have approved acquisition of 100% equity stake of Reliance New Energy Battery Limited (“RNEBL”) from Reliance New Energy Limited (“RNEL”), for an aggregate consideration of Rs. 1 lakh. RNEBL is a step-down wholly owned subsidiary of the Company and post this acquisition RNEBL will become a direct wholly owned subsidiary of the Company,’ as mentioned in the exchange filing. 

Reliance Acquires Lakadia B Power Transmission Limited
RIL also announced the acquisition of a 100% stake in Lakadia B Power Transmission Limited (LPTL) for ₹8 crore. This move aligns with the company’s strategy to boost India’s power transmission infrastructure.

‘The Board of Directors of the Company, at its meeting held today, have approved acquisition of 100% equity stake of Lakadia B Power Transmission Limited (“LPTL”) from REC Power Development and Consultancy Limited (“RECPDCL”), as mentioned in the exchange filing by the company. 

LPTL, incorporated in October 2024, was created to oversee a project increasing transformation capacity at the 765/400kV Lakadia Substation.
The transaction, which does not require regulatory clearance, is expected to close by March 2025.

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