Shares of Anil Ambani's Reliance Group gain on hydro power projects in Bhutan

Reliance Infrastructure

03/10/2024 06:38

** Shares of Reliance Infrastructure  RLIN.NS  and Reliance
Power  RPOL.NS  up 2% and 5%, respectively
    ** Anil Ambani-run Reliance Group said on Wednesday it would
jointly develop solar and hydro power projects in Bhutan along
with the government's investment arm Druk Holding and
Investments
    ** The Indian conglomerate, run by the younger brother of
Asia's richest man Mukesh Ambani, will form a new unit equally
owned by Reliance Infra and Reliance Power 
    ** RPOL stock hit exchange allowed max of 5%, its highest
since mid-Jan 2018
    ** RPOL stock has gained over twofold and RLIN up 61%, YTD


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))