Reliance Infrastructure (RInfra) on Tuesday announced its entry into the renewable energy equipment manufacturing sector with plans to establish integrated solar and battery manufacturing units.
As part of its integrated solar manufacturing initiative, RInfra will set up a facility to scale up the production of solar panels and components. Simultaneously, its battery manufacturing unit will focus on developing advanced energy storage solutions for grid applications and electric mobility.
With this expansion, the Reliance Group will now cover the entire renewable energy value chain, offering end-to-end solutions from equipment manufacturing to solar power generation, the company said.
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“This move complements the efforts of Reliance Power, which is focused on renewable energy generation, further strengthening the group’s overall presence in the sector,” it added.
To lead this venture, the company has appointed industry veterans to spearhead its new business verticals, it said. It has appointed Ivan Saha as chief executive officer (CEO), of renewable manufacturing. Saha was the former CEO of Vikram Solar, and chief technology officer (CTO) at ReNew Power.
The company has appointed Mushtaque Hussain as chief executive officer (CEO) of battery manufacturing. It has also appointed Shubham Duttagupta as chief technology officer (CTO), solar manufacturing.
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