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Anil Ambani Reliance Group Update: The stock of Reliance Power and Reliance Infrastruture, the stock exchange listed companies of Anil Ambani’s Reliance Group, may see a big rise in the trading session of Monday, November 18, 2024. After Reliance Power and Reliance Infrastructure become debt free, now the group is going to work on a big strategy to sharpen its business so that the good days of Anil Ambani-owned Reliance Group can return. Reliance Group has established Reliance Group Corporate Center to accelerate the growth of the group by the year 2030.
Anil Ambani’s masterstroke
In the regulatory filing filed with the stock exchange, Reliance Group said that the group has launched the Reliance Group Corporate Center keeping in mind the growth strategy till Vision 2030. This corporate center will act as a strategic hub that will guide the group companies to adopt new technologies along with new opportunities. The core team of Reliance Group Corporate Center (RGCC) comprises of group veterans including Satish Seth, Punit Garg and K Raja Gopal, who together have over 100 years of management experience and He has spent 50 years with Reliance Group. Satish Seth and Puneet Garg have spent more than two decades at Reliance Group in different leadership positions. Punit Garg is currently the CEO of Reliance Infrastructure while K Raja Gopal has been associated with Reliance Power for six years. He has 27 years of experience in the power sector. Other heads from group companies will also be included in the Reliance Group Corporate Centre.
The success of the group will be shaped
Reliance Group spokesperson said in its statement on this decision of the group, we are extremely excited to introduce a team of professionally experienced people with a wide spectrum of experts at the Reliance Group Corporate Centre. This strategic move aims to harness the experiences of these leaders to accelerate the Group’s future growth by addressing industry challenges and seizing new opportunities. He said, Reliance Group Corporate Center will play an important role in shaping the next phase of our group’s success.
Anil Ambani’s companies become debt free
Reliance Group said that in recent times Reliance Infrastructure and Reliance Power have become debt free companies and these companies have made new plans for their expansion. Reliance Power has acquired 1270 MW renewable power project in Bhutan. Reliance Infrastructure, through its subsidiary Reliance Defence, is going to set up a manufacturing facility of small arms and explosives in 1000 acres in Ratnagiri, Maharashtra. According to the group, the company is going to raise funds of Rs 17600 crore to support this very ambitious plan.
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