October 13, 2021 10:53 AM
Reliance Industries (RIL) share price rose on October 13 after the company announced an investment in the Germany-based company in its clean energy push.
“Reliance New Energy Solar (RNESL), the wholly-owned subsidiary of Reliance Industries (RIL), will invest 25 million euros (USD29 million) in Germany’s NexWafe GmbH, the company said in a release.
RIL also announced that RNSEL had partnered with Stiesdal A/S to develop and manufacture hydrogen electrolysers. RNESL has been given the license for this, it said in an another statement.
Reliance Industries was quoting at RS2,675.70, up RS 7.15, or 0.27 percent on the BSE.