Reliance Retail, a subsidiary of Reliance Industries, divests its entire 100% share in RPPMSL for ₹274 crore.

Mukesh Ambani-backed Reliance Industries Ltd (RIL) announced on Monday (April 13) that its step-down subsidiary, Reliance Retail Ltd, has divested its entire 100% equity stake in Reliance Projects & Property Management Services Ltd (RPPMSL) to Jaipur Enclave Private Ltd for ₹274 crore.

As a result of this transaction, Reliance Projects & Property Management Services is no longer a subsidiary of Reliance Industries Ltd. The purchaser is not affiliated with the promoter, promoter group, or any group companies, and this transaction is not regarded as a related-party transaction.

Reliance Projects & Property Management Services contributed ₹6,412.60 crore to the consolidated turnover for the financial year ending March 31, 2025, which constitutes 0.06% of the total turnover. Its net worth was ₹342.45 crore, representing 0.04% as of March 31, 2025.
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Last month, Reliance Industries reported it had entered into a binding agreement with Samsung C&T, an affiliate of South Korea’s Samsung Group, to provide green ammonia for a duration of 15 years. The value of the deal exceeds $3 billion, with shipments anticipated to commence in the latter half of FY29.

This agreement ranks among the largest long-term green ammonia offtake arrangements in the world, coinciding with a growing interest from countries like Japan and South Korea in low-carbon fuels such as hydrogen and ammonia to lower emissions from industrial processes and electricity generation.

Green ammonia is created by merging nitrogen with hydrogen that is produced using renewable energy. It is recognized as a low-carbon fuel and serves as an effective medium for hydrogen transportation. The company is developing a clean-energy manufacturing ecosystem that includes solar modules, battery energy storage systems, and electrolysers.

Also Read: Reliance Industries can rise 18%, says Morgan Stanley post ₹10 lakh crore AI investment announcement

The company indicated that the partnership with Samsung C&T is the first of several long-term offtake agreements aimed at expanding its New Energy platform.

Shares of Reliance Industries Ltd closed at ₹1,314.55, a decrease of ₹35.60, or 2.64%, on the BSE.

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