Reliance Industries Merges 16 Subsidiaries into New Energy Unit; ONGC, Adani, and Tata Expand Ventures
Reliance Industries has amalgamated 16 step-down subsidiaries into Reliance New Energy, effective January 21, 2026. These subsidiaries focus on new energy technologies, including hydrogen and energy storage.
Oil & Natural Gas Corporation (ONGC) has invested ₹40 crore in two joint ventures with Mitsui O.S.K. Lines Ltd for ethane transportation, establishing a 50% partnership in Bharat Ethane One and Two IFSC Private Ltd.
Adani Enterprises has acquired the remaining stake in IANS India, turning it into a wholly-owned subsidiary. Tata Communications has purchased a 51% stake in Commotion Inc. to enhance AI integration within its services.
Hindustan Petroleum Corporation is preparing to launch its Barmer refinery in Rajasthan, which will process 180,000 barrels per day. Belrise Industries acquired aerospace equipment worth €350,000, while Arisinfra Solutions secured a ₹63-crore concrete supply order.
