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The revised approval follows earlier clearances granted to BEST for smart metering, distribution loss reduction and system upgrades under the same scheme.

The move is expected to boost India’s self-reliance in defence manufacturing and gradually reduce dependence on imported systems.

With this, the UK company is now a wholly owned subsidiary of Alidac and becomes a step-down subsidiary of Zydus Wellness.

This structure will enable sharper execution, faster innovation cycles and deeper operational focus all critical to winning in consumer markets.”

She also underlined the wider work of Reliance Foundation, which she said has already touched the lives of more than 87 million people across the country

DIIs were active buyers, putting in ₹20,677 crore worth of trades and selling about ₹9,189 crore.

It looked at 36 states and UTs, tracking performance across buildings, industries, transport, agriculture, municipal services and distribution companies through 66 indicators.

The area spread across 5,50,000 acres of arid land. This is nearly three times the size of Singapore.

The payout represents the government’s share of dividend, which was approved by shareholders at LIC’s annual general meeting held on August 26.

The development comes at a time when GOCL is finishing the monetisation of its large land parcel at Kukatpally in Hyderabad and is also divesting a major subsidiary.