{"id":430053,"date":"2021-08-11T11:14:37","date_gmt":"2021-08-11T05:44:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430053"},"modified":"2021-08-11T11:14:37","modified_gmt":"2021-08-11T05:44:37","slug":"ril-makes-clean-energy-move-with-50-million-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-makes-clean-energy-move-with-50-million-deal\/","title":{"rendered":"RIL makes clean energy move with $50 million deal"},"content":{"rendered":"<p>Reliance Industries NSE 0.02 % (RIL) has made its first strategic move in the renewable energy sector, with an investment of $50 million in US-based energy storage company Ambri Inc, and is in talks with it to manufacture batteries in India, the Mukesh Ambani-led conglomerate said late on Monday.<\/p>\n<p>Ambri got a total $144 million from RIL subsidiary Reliance New Energy Solar Ltd, US-based investment firm Paulson &amp; Co, tech mogul Bill Gates and other strategic investors. RIL will acquire 42.3 million shares of preferred stock in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries NSE 0.02 % (RIL) has made its first strategic move in the renewable energy sector, with an investment of $50 million in US-based energy storage company Ambri Inc, and is in talks with it to manufacture batteries in India, the Mukesh Ambani-led conglomerate said late on Monday. Ambri got a total $144 million from RIL subsidiary Reliance New Energy Solar Ltd, US-based investment firm Paulson &amp; Co, tech mogul Bill Gates and other strategic investors. RIL will acquire 42.3 million shares of preferred stock in the company.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-430053","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=430053"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430053\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}