Reliance will strongly support for REC’s planned expansions
Oct 11:
8Reliance Industries Ltd has announced acquisition of 100% shareholding of REC Solar Holdings AS (REC Group), for an Enterprise Value of USD 771 million. 8Reliance will strongly support for REC’s planned expansions including 2-3 GW Cells and Module capacity in Singapore, brand new 2 GW Cells and Module unit in France and another 1 GW Modules plant in the US. 8The acquisition of REC will help Reliance with a ready global platform and the opportunity to expand Click on Reports for more