Construction Infrastructure
Anant Ambani appointed as Director for two Reliance solar divisions
The responsibility of fulfilling the mission of clean energy of Reliance Industries Limited Group Chairman Mukesh Ambani announced at the recently held virtual AGM of RIL has fallen on the shoulders of his younger son Anant Ambani.
Anant Ambani, India’s richest man and younger son of Reliance Industries Limited Group Chairman Mukesh Ambani, has been inducted as a director on the board of two solar companies of the Reliance Group.
That is, Anant Ambani has been appointed as the director of Reliance New Energy Solar and Reliance New Solar Energy. Earlier in February 2021, Anant Ambani was appointed as the director of Reliance’s oil to chemical business.
According to the Times of India report, on June 24, at the Reliance Annual General Meeting, Reliance Industries Chairman Mukesh Ambani announced a new company for green energy.
For this, a fund of 60 thousand crores was announced and Anant Ambani was appointed as the director of both the companies of Clean Energy.
26-year-old Anant was made the director of Reliance O2C in February. This company can join Saudi Arabia’s giant oil company Saudi Aramco as an investor.
A year ago, Anant was inducted into the board of Jio Platforms where he has brother Akash and sister Isha.
It is worth mentioning that speaking at the 44th AGM, Reliance Industries Chairperson Mukesh Ambani announced on June 24 that the company would install 4 Giga factors as part of its environment-friendly initiatives.
He had told that in 2021 the company plans to launch new ENERGY BIZ in which RIL will be led. Under this scheme, the Dhirubhai Ambani Green Energy GigaComplex will be established.
4 factories will be set up in the Green Energy GigaComplex. These giga factories will produce and integrate all kinds of vital components related to the new energy ecosystem.
Addressing the shareholders in this virtual AGM, he further said that the company will invest Rs 60,000 crore under its green initiatives.
In addition, the company will make an additional investment of Rs 15,000 crore on partnerships and future technologies related to the development of the value chain of the Green Initiative.
News Source: ConstructionWorld
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Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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