Recommendation: Buy; Target Price: Rs 250
Reliance Industries will select a renewable energy supplier via tariff-based competitive bidding.
Petrol and Diesel prices in cities across India on 01-08-2023
The company plans to expand its RE portfolio (solar, wind, PSHP, C&I, etc.) to 60GW by FY32 (3GW installed till date), and targets a similar return profile like its thermal units for these RE projects.
Weakness in VECV business could pull down sequential performance of the company.
The JioBook is priced at Rs 16,499 and will be available from August 5, 2023
The company's revenue from power supply increased by 55% year-on-year.
The actual fiscal deficit for FY23 actually came in marginally lower at 6.32% of GDP.

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016, BSE Enlistment Number (RA): 5016
ARN NO : 47791 (AMFI Registered Mutual Fund & Specialized Investment Fund Distributor), PFRDA Reg. No. PoP 20092018

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.