Mukesh Ambani played big bet on American company
Mukesh Ambani, the head of Reliance Industries, has made a big deal on Tuesday. He has bought 79.4 percent stake in American company Sensehock. The entire deal was done for $32 million. Let us tell you, Sensehhawk was established in 2018. The company manufactures software management tools for the solar industry.
Let us tell you, Reliance’s shares in the Sensex were trading with a gain of 0.53 percent on Tuesday afternoon.
Sensehhawk assists with solar projects from planning to production. Solar companies are assisted by Sensehhawk to operate through automation. Reliance told in the information given to the exchange that the turnover of the company was $ 2,326,369 in FY 2022, $ 11,65,926 in FY 2021. There was a growth in the turnover of the company year after year.
Reliance Industries is currently doing business mainly in the gas, oil, petrochemicals, telecom and retail sectors. But the company is getting 60 percent of its revenue from oil refinery and petrochemical business. To reduce this dependence, Mukesh Ambani is investing money very fast in different sectors. In which he is most excited about New Energy.
Mukesh Ambani can invest $ 80 billion in green energy over the next 10 to 15 years. Reliance is working on 4 Giga Factories. In this complex spread over 5000 acres in Jamnagar, work is being done on solar panels, energy systems, fuse cells. A new Giga factory has been announced for power electronics at the AGM as well. PLC/GT
