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Reliance Power is actively considering a stake sale to institutional investors as part of its strategy to raise funds for expanding into the renewable energy sector. Following a recent preferential allotment of 15.25 billion rupees, this move underscores the company's commitment to transitioning from traditional coal power to sustainable energy solutions. However, the company faces challenges, including regulatory scrutiny surrounding Anil Ambani. Dive into the implications of these developments and what they mean for Reliance Power's future.
Deep Industries Ltd. is set to tackle its largest-ever order from ONGC, valued at ₹1,402 crore, aimed at enhancing production in mature oil fields over the next 15 years. The company is confident in completing the project within a decade, which promises significant revenue growth and improved financial performance. Explore how this landmark contract could shape Deep Industries' future in the offshore drilling sector.