RIL slips 6% in two days post AGM; stk trades lower for fourth straight day
Shares of Reliance Industries fell as much as 3.4 per cent to Rs 2,081 on the BSE in intra-day trade on Friday, thus falling 6 per cent in the past two trading days. The company’s Chairman and Managing Director Mukesh Ambani, on Thursday, had announced a Rs 75,000 crore investment in setting up four ‘Giga’ factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years. The stock was trading lower for the fourth straight day, falling 7 per cent during the same period.
Addressing the company’s 44th annual shareholder meeting, Ambani said Reliance will set up 100 GW of solar power generating capacity, mostly through rooftop installations and de-centralised operations in villages.
