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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
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