Mumbai: Reliance Industries Limited, led by Mukesh Ambani, has made a significant move in the energy sector. On February 14, the company acquired Lakadia B Power Transmission Limited (LPTL) for Rs 6.73 crore. This acquisition makes LPTL a wholly owned subsidiary of Reliance Industries.
According to an exchange filing, Reliance acquired a 100% equity stake in LPTL at 6:03 P.M. IST. The company aims to strengthen India’s renewable energy infrastructure through this deal.
Key Details:
Location: Lakadia Pooling Station, Gujarat
Objective: Increase transformation capacity for renewable energy evacuation
Estimated Cost: Rs 512.58 crore
Timeline: 24 months
LPTL plays a key role in power transmission infrastructure. This acquisition enhances Reliance’s presence in the power transmission sector and aligns with its renewable energy ambitions.
Reliance has been positioning itself as a leader in both traditional and renewable energy sectors. This move is part of its strategy to dominate the global energy transition. The company continues to invest in solar, hydrogen, and power infrastructure.
Reliance, India’s largest private sector corporation, reported a 12% year-on-year increase in consolidated net profit. It reached a record Rs 21,930 crore for the quarter ending December 31, 2024. The company’s shares rose by 0.06%, closing at Rs 1216.95 on February 14, 2025.
