Reliance Solar won best stall for the Popularization of PV for Off-Grid Rural Application
The Photovoltaic Science and Engineering Conference was held for the second time in India from the 19th of January to the 23rd of January, 2009. The Science City Convention Center of Kolkata was the choice of venue for the 18th International Photovoltaic Science and Engineering Conference and Exhibition. The event made its return to India after 16 years since the first conference was held at New Delhi in 1992. The Photovoltaic Science and Engineering Conference is said to be one of the three most important International conferences in the area of Solar Photovoltaics. Although it was focused on the Asia Pacific region; however, it witnessed participants from all over the world including the Reliance Solar Group. Besides the Reliance Solar Group the exhibition also showcased the most important producers, wholesalers, suppliers and system suppliers of the international solar industry.
The exhibit showcased a wide range of solar technology that encompassed new developments and trends of the industry. It offered a unique view of the entire range of products that the international solar industry had to offer. It was one of the largest solar technology events in the sub-continent that was spread over an area of 35,000 sq. ft. with a focus on Photovoltaic, solar thermal technology and solar architecture. The products and services were exhibited by participants from over 30 nations. The event saw participation from more than 600 exhibitors that included a total of 57 Indian and international companies.
The Reliance Solar Group which is a part of Reliance Industries had on display its wide range of Solar Module, Solar Lighting products and Solar Water Purifiers. Reliance Group also displayed the customization of urban and rural solar solutions along with their implementation capability. The exhibit grabbed attention and appreciation for its innovation as well as practicality of implementation. Solar Photovoltaic is gaining popularity as it generates electricity that is clean and abundant. The current growth rate of the Photovoltaic industry is 40%. The initiative is to promote the large scale application of clean energy and replace the use of fossil based fuels. In a developing economy like India, an abundant supply of energy will be quintessential for rapid economic development. It is anticipated that the Indian Photovoltaic industry will grow rapidly within the next five years and shall attract large scale investments in the near future.
Arrays of cells that contain materials like amorphous silicon, cadmium telluride, etc. are called Solar Photovoltaics. These cells convert solar radiation into direct current electricity thereby generating electric power. All matters related to Solar Photovoltaic were discussed at the conference including financial and policy matters. It is estimated that by the year 2030 solar electricity will contribute about 5 to 7% to the total energy mix. The contribution of solar energy will increase at an accelerated rate thereafter. However, the current contribution of solar energy to the global energy mix is very small and it needs to be increased to control energy related problems like global warming and thereby encourage the development of clean sources of energy.
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The article details the events, developments and activities in Reliance Solar Group, a Reliance Industries subsidiary over the last 6 months, with special emphasis on the new developments that can be attributed to Reliance Solar.
Reliance Solar, the solar energy initiative of Reliance Group, has successfully executed and commissioned India's first one-megawatt (MW) solar plant to power Thyagaraj stadium to be used in the upcoming Commonwealth Games 2010.
PTL Solar have been named exclusive distributors for Reliance Solar Group in Middle East and Africa. This announcement was made by Rabindra Satpathy, President of Reliance Solar Group at an event where Dr. Farooq Abdullah, Minister for New and Renewable Energy, Government of India inaugurated the first exclusive international Reliance Showroom at the Dubai Creek Towers.
The article uncovers the details behind the all-cash non-binding bid that Reliance made to buy a controlling stake in the sinking petrochemical giant LyondellBasell. Reliance liquidated a considerable number of treasury stock to support this bid.
Reliance Industries Limited, the flagship company of Reliance Group will soon be entering the fast-food business and what more, with its own brand.
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The key reason why some firms thrive while some implode during an financial recession is still a puzzle to many people business-owning business owners. Some wrongly assume that all businesses should suffer via recessionary cycles. But the truth is that some companies are usually essentially recession-proof, and it is not necessarily because they are much larger, better known, or a lot more generously capitalized.
Companies like Arch Coal (ACI) and Massey Energy (MEE) watched his or her stock climbed.
Reliance’s KG D6, the world’s largest gas discovery, has opened up a brand new horizon for India’s economy and energy sector. KG-D6 block is expected to produce 550,000 barrels of oil equivalent per day by the end of 2009 which will revamp the entire energy scenario in India as EGoM has approved $4.2/MMBTU for the sale of KG Gas.
Mukesh Ambani controlled Reliance Industries (RIL) said it has made its first on-land oil discovery in the Cambay basin, around 130 km from Ahmedabad. The Discovery, named ‘Dhirubhai–43’ has been notified to Government of India and Directorate General of Hydrocarbons. The commercial potential of this discovery will ascertained with more data gathering and analysis, RIL added.
Reliance Industries (RIL), the country’s largest company by market capitalisation, has been ranked among the top 25 global companies which outperformed peers in the midst of the global economic slowdown this year, according to an AT Kearney study. Earlier this month, RIL had been ranked the fifth biggest “sustainable value creator” in a list of 25 top companies globally, prepared by Boston Consulting Group, in terms of investor returns over a decade.
Under the scheme of amalgamation sanctioned by the High Court of Judicature at Mumbai, Reliance Petroleum Ltd.’s shareholders have been allotted one Rs. 10 fully-paid equity share of Reliance Industries Ltd. for every 16 equity shares of Reliance Petroleum Ltd. As a testament to its continued growth and ability to create wealth, on 7th October 2009, as the company completed a major cycle of value creation, it proposed a 1:1 bonus.
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