The company operates the world's largest oil refining complex in Jamnagar, Gujarat, further solidifying its position in the energy sector.

In its latest financial report, Reliance Industries reported a 3.6% decline in consolidated net profit for Q2 FY25, while gross revenue saw a slight increase of 0.8% year-over-year.

Reliance Industries has made a strategic move by acquiring a 21% stake in Wavetech Helium, Inc. for $12 million through its subsidiary, Reliance Finance and Investments USA LLC.

This acquisition, finalized on November 28, 2024, has positively impacted Reliance's share price, which rose by 2.1% during trading on November 29, reaching an intraday high of Rs 1,299.3 per share.

The transaction is notable as it does not involve Reliance's promoters or group companies, nor does it require any governmental or regulatory approvals.

Wavetech Helium, Inc., which began commercial operations in 2024, specializes in helium gas exploration and production, a sector experiencing growing demand due to its applications in medical, aerospace, and semiconductor industries.

This acquisition aligns with Reliance's broader strategy to expand its low-carbon energy segment, reflecting its commitment to sustainable practices.

Reliance has previously announced a significant $10 billion investment plan aimed at developing its green energy portfolio and achieving a net zero carbon goal by 2035.

Reliance Industries, India's largest private sector company, is involved in diverse sectors including hydrocarbons, petrochemicals, and digital services, under the leadership of Mukesh Ambani.

As of November 29, 2024, Reliance's market capitalization stands at approximately Rs 17,54,945.78 crore, with shares having gained 5.9% over the past year.

In a related financial move, KEI Industries successfully raised Rs 2,000 crore through equity shares, showcasing the active investment landscape in India.

Reliance Finance and Investments plays a crucial role in India's financial services sector, providing investment management and corporate finance services.