| Log in

RIL Buys Stake In US Nuclear Reactor Design Company

22 December, 2011

The Reliance Industries said on Thursday it has bought a minority stake in Terra Power, a US-based nuclear-technology design and engineering company, through one of its subsidiaries.

“This is one of our series of investments in the broader energy sector,” a company spokesman told Reuters.

Reliance Industries Chairman Mukesh Ambani will join the company’s board, which includes Microsoft Chairman Bill Gates and Silicon Valley venture capitalist Vinod Khosla, a financial daily had reported earlier in the day.

Reliance, India’s most valuable company, controlled by Indian billionaire Mukesh Ambani, has outlined plans to spend $4 billion to $4.5 billion by 2014 on three US shale gas joint ventures it entered into last year.

Last week, a company official told Reuters that it is scouting for oil investments in the Americas as it looks to increase the stake of crude production it owns to feed its refinery, the world’s largest.


Leave Your Comment
Reliance Industries, Reliance Petroleum Merger Expand Cash Flows

Reliance Industries, Reliance Petroleum Merger Expand Cash Flows

Reuters 9 years ago
India’s Reliance Industries Ltd said it plans to absorb its Reliance...
Atlas Energy In $1.7B JV With Reliance Industries

Atlas Energy In $1.7B JV With Reliance Industries

TEAM VCC 8 years ago
After a couple of failed attempts, Reliance Industries has finally struck an...
Bharti To Sell 74% In Insurance JVs To Reliance Industries

Bharti To Sell 74% In Insurance JVs To Reliance Industries

TEAM VCC 7 years ago
Reliance Industries along with an associate group firm is acquiring Bharti...
No Comments

RIL Buys Stake In US Nuclear Reactor Design Company

Powered by WordPress.com VIP