The proceeds will be deployed to support ongoing EPC projects, repay or prepay existing borrowings, and meet mobilisation requirements for new contracts, the company said in a statement.
Speaking at Reliance Industries’ annual general meeting, Akash M Ambani said the newly formed JioStar is now shaping India’s media and entertainment ecosystem.
With the completion of Terminal 3, Phase 2, expected in 2026-27, and a further ₹900 crore investment, capacity is projected to rise to 14 million passengers a year.
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
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 area spread across 5,50,000 acres of arid land. This is nearly three times the size of Singapore.
It looked at 36 states and UTs, tracking performance across buildings, industries, transport, agriculture, municipal services and distribution companies through 66 indicators.
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.
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.
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