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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.

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Speaking at Reliance Industries’ annual general meeting, Akash M Ambani said the newly formed JioStar is now shaping India’s media and entertainment ecosystem.

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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.

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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

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

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

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

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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.

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

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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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