Nel Hydrogen Electrolyser AS, a fully owned subsidiary of NelASA (Nel, OSE:NEL) has entered into a technology licensing agreement with Reliance Industries (RIL). The agreement provides RIL with an exclusive license for Nel`s alkaline electrolysers in India and also allows RIL to manufacture Nel`s alkaline electrolysers for captive purposes globally. Through the agreement, Reliance gets access to Nel`s leading, proven technology platform for manufacturing electrolysers. RIL has successfully built multiple businesses of truly global scale. This partnership of Nel`s robust technology platform with RIL`s execution prowess - will further add to the success story for both partners.Both partners will also collaborate on future performance improvements and cost optimization through research and development (R&D), value engineering, standardization and modularization to improve the competitiveness of the alkaline technology platform.According to the agreement, Nel can procure equipment from Reliance for its own projects. Nel will continue to serve the Indian market with technology platforms that are not covered by the agreement. Powered by Capital Market - Live News

Reliance Industries has acquired 100% stake in Reliance Chemicals and Materials (RCML) from Reliance Projects & Property Management Services (RPPMSL) for an aggregate consideration of Rs 314.48 crore. RCML was incorporated in India on 02 November 2022 to undertake business of manufacturing of petrochemicals, Vinyls, Hydrogen & its derivatives, Rare & Industrial gases, Bio energy products & carbon fibre. Powered by Capital Market - Live News

Net profit of Reliance Industries declined 1.80% to Rs 18951.00 crore in the quarter ended March 2024 as against Rs 19299.00 crore during the previous quarter ended March 2023. Sales rose 11.13% to Rs 236533.00 crore in the quarter ended March 2024 as against Rs 212834.00 crore during the previous quarter ended March 2023.For the full year,net profit rose 4.38% to Rs 69621.00 crore in the year ended March 2024 as against Rs 66702.00 crore during the previous year ended March 2023. Sales rose 2.65% to Rs 901064.00 crore in the year ended March 2024 as against Rs 877835.00 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales236533.00212834.00 11 901064.00877835.00 3 OPM %17.9718.02 -18.0016.19 - PBDT41389.0035433.00 17 155559.00134349.00 16 PBT27820.0023981.00 16 104727.0094046.00 11 NP18951.0019299.00 -2 69621.0066702.00 4 Powered by Capital Market - Live News

Reliance Industries announced that the Board of Directors of the Company at its meeting held on 22 April 2024, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Reliance Industries will hold a meeting of the Board of Directors of the Company on 22 April 2024.Powered by Capital Market - Live News