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Reliance Industries to acquire Lakadia B Power Transmission for Rs 80 million

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Reliance Industries Limited will acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy Limited (RECPDCL) for Rs 80 million. The acquisition aims to develop an interstate transmission system (ISTS) to evacuate up to 3.5 GW of renewable energy from Lakadia, Gujarat. The transmission system will be designed to augment the transformation capacity at the 765/400 kV Lakadia substation under Part B of the project. It will integrate 2.5…

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RIL picks up 26% stake in Adani’s power project

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Reliance Industries, led by Mukesh Ambani, has acquired a 26% stake in Gautam Adani’s Mahan Energen Ltd (MEL), a subsidiary of Adani Power Ltd, as part of a deal to secure 500 MW of electricity for captive use.  Reliance will invest Rs 500 million equity shares of MEL, at a face value of Rs 10 per share. The agreement includes a 20-year Power Purchase Agreement (PPA) under the Captive User policy, with one unit of…