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Updated: June 12, 2025 15:10
Reliance Industries Ltd has announced that REC Solar (Japan) Co., Ltd., a step-down wholly owned subsidiary, has ceased to be part of the company following its voluntary liquidation. The move marks a strategic shift in Reliance’s global renewable energy portfolio, with the company focusing on core solar manufacturing operations.
Key Highlights Of The Liquidation
- REC Solar Japan officially ceased operations on June 10, 2025, following the completion of its voluntary liquidation process.
- The subsidiary was primarily engaged in solar panel distribution and renewable energy solutions across Japan.
- Reliance Industries has not disclosed financial details related to the liquidation but has reaffirmed its commitment to solar energy investments.
Strategic Impact On Reliance’s Renewable Energy Business
- The liquidation aligns with Reliance’s broader strategy to consolidate its solar manufacturing operations under REC Group’s global framework.
- The company continues to expand its solar panel production capacity in India and Southeast Asia, focusing on high-efficiency photovoltaic technology.
- Reliance’s renewable energy division remains committed to scaling its green hydrogen and solar infrastructure projects.
Market Position And Future Outlook
- REC Group, acquired by Reliance in 2021, remains a key player in the global solar industry, with manufacturing hubs in Singapore and India.
- Reliance’s renewable energy investments are expected to accelerate under India’s National Solar Mission, targeting 500 GW of non-fossil fuel capacity by 2030.
- Analysts anticipate further restructuring within Reliance’s international subsidiaries as the company refines its clean energy strategy.
About Reliance Industries And REC Solar
Reliance Industries Ltd is India’s largest conglomerate, with diversified interests in energy, petrochemicals, retail, and telecommunications. REC Solar, a subsidiary of Reliance, specializes in high-performance solar panels and renewable energy solutions, serving global markets.
Sources: Reliance Industries Ltd, Rediff MoneyWiz, BSE India.
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