Reliance Industries Acquires Lakadia B Power Transmission for Rs 6.73 Crore

Reliance Industries Limited has acquired Lakadia B Power Transmission Limited for ₹6.73 crore. This acquisition makes Lakadia B Power Transmission a wholly-owned subsidiary of Reliance Industries. The move is part of Reliance's strategy to strengthen its presence in the power transmission sector and support its renewable energy infrastructure.

According to an exchange filing by Reliance Industries, the company acquired a 100% equity stake in LPTL at 6:03 P.M. IST. With this deal, LPTL becomes an integral part of Reliance Industries, which aims to strengthen India’s renewable energy infrastructure with this acquisition.

It's an interesting development, especially considering Reliance's ongoing efforts to diversify and expand its operations in both traditional and renewable energy sectors.

This acquisition is part of Reliance's strategy to strengthen its presence in the power transmission sector and support its renewable energy infrastructure.

The project involves the development and operation of power transmission infrastructure at the Lakadia Pooling Station in Gujarat, aiming to increase transformation capacity for the evacuation of renewable energy. The estimated cost of the project is around ₹512.58 crore, and it is expected to be completed within 24 months.

This move aligns with Reliance's broader ambitions to be a leader in both traditional and renewable energy sectors, reflecting its commitment to the global energy transition.

Reliance Industries has been actively expanding its presence in the power transmission sector. The company prequalified for the ISTS-TBCB scheme "Jamnagar Transmission Ltd." This project focuses on building a dedicated transmission line to feed 500 MW of renewable energy to its Jamnagar petroleum refinery in Gujarat.

Beside, Reliance Industries also sought ISTS connectivity from the Khambaliya Pooling Station to build a dedicated transmission line (400 kV, 120 ckm) to feed renewable energy to its Jamnagar refinery. This project is being built by Power Grid Corporation of India Limited (PGCIL) under the regulated tariff mechanism (RTM) route.

These projects highlight Reliance Industries' commitment to expanding its renewable energy infrastructure and supporting the global energy transition.