Reliance Industries Merges 16 Step-Down Subsidiaries Into Reliance New Energy
Reliance Industries Limited (RIL), India’s largest conglomerate, has announced a significant restructuring move by merging 16 of its step-down subsidiaries into Reliance New Energy Limited (RNEL). This strategic consolidation is aimed at streamlining operations, enhancing efficiency, and strengthening the company’s focus on renewable energy and sustainability. The merger marks a pivotal step in Reliance’s ambitious…