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News Details

Reliance Inds. - News Clarification

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12/10/2021 22:55
We refer to your email / letter dated October 11, 2021 seeking clarification on the news item 'RIL, Stiesdal Fuel ink agreement to make hydrogen electrolysers' which appeared in the 'www.thehindubusinessline.com' dated October 09, 2021.
In this connection, we clarify as under:
1. Reliance New Energy Solar Limited, a wholly owned subsidiary of RIL and Stiesdal A/S wish to partner and cooperate on the completion, development, and subsequent manufacturing in India of HydroGen Electrolyzer (being developed by Stiesdal A/S), including grant of license to RNESL for this purpose. In this connection, the Parties have entered into a MOU to facilitate discussions and exchange of information for this purpose.
2. The above does not warrant a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).
3. We have made and will continue to make disclosures in compliance with our obligations under LODR and our agreements with the stock exchanges.