Mukesh Ambani-led Reliance Industries has consolidated 16 step-down wholly owned subsidiaries into its clean-energy arm, Reliance New Energy Limited, as it streamlines its expanding portfolio of hydrogen, energy storage and power electronics businesses, the oil-to-chemicals conglomerate said in a statement to the exchanges.
The amalgamation took effect from January 21, 2026, following an order by the Regional Director, Western Region, Ministry of Corporate Affairs, RIL said.
The entities merged into RNEL include companies engaged in power electronics, green hydrogen, electrolyser manufacturing, energy storage, carbon fibre cylinders, hydrogen fuel cells, and infrastructure projects.
These include Reliance Power Electronics Limited, Reliance Electrolyser Manufacturing Limited, Reliance Green Hydrogen and Green Chemicals Limited, Reliance New Energy Storage Limited, Reliance Hydrogen Electrolysis Limited, Reliance Hydrogen Fuel Cell Limited, Kutch New Energy Projects Limited, Reliance Petro Materials Limited, and three infrastructure arms based in Kalamboli, among others.RIL said it received intimation of the amalgamation from RNEL at 5:38 pm (IST) on Thursday.
Steady quarter, mixed signals
Reliance Industries reported a modest rise in profit in the December quarter, as margin pressure in retail and weaker performance in upstream oil and gas offset stronger results from telecom and refining.
The conglomerate posted a 1.6% year-on-year increase in consolidated profit after tax, including associates, to ₹22,290 crore, while net profit attributable to shareholders rose marginally by 0.56% to ₹18,645 crore. Consolidated Ebitda increased 6.1% to ₹50,932 crore, and gross revenue climbed 10% to ₹2.94 lakh crore, driven by growth in digital services, fuel retailing and consumer businesses.
Chairman and managing director Mukesh Ambani said the group delivered consistent performance across businesses despite global uncertainty, noting that higher fuel margins supported the oil-to-chemicals business while the upstream segment was impacted by lower volumes and prices.He said Reliance is entering a new phase of value creation through its investments in artificial intelligence and new energy.
Meanwhile, Chief financial officer Srikanth Venkatachari said the company’s diversified portfolio continued to generate cash despite headwinds in the global environment.
Jio, green manufacturing in focus
Jio Platforms reported an 11.2% rise in net profit to ₹7,629 crore for the quarter, supported by growth in its 5G user base and home broadband subscribers.
Revenue from operations rose 12.7% to ₹37,262 crore, while its subscriber base increased to 515.3 million by the end of December. Jio AirFiber crossed 10 million subscribers, the company said.
Reliance said it is scaling up its integrated solar and battery manufacturing operations at its Jamnagar complex, where it is developing a fully integrated solar manufacturing facility with 10 GW of annual capacity, scalable to 20 GW, alongside energy storage systems starting at 40 GWh and expandable to 100 GWh.Solar module yields reached 95% during the quarter, with solar cell manufacturing fully commissioned and ramping up using heterojunction technology.
