Anil Dhirubhai Ambani-led Reliance Power on Monday said that it has received shareholder approval for a composite scheme of arrangement with Reliance Natural Resources (RNRL), another group company engaged primarily in exploration, production and distribution of gas.
Enhanced reliability and cost efficiency for fuel supplies through RNRL's coal supply logistics and shipping business will significantly enhance Reliance Power's overall growth prospects, the company said. The company will have over 6 million shareholders upon completion of the deal.
RNRL has an existing gas-supply master agreement with Mukesh Ambani-led Reliance Industries.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.