Reliance New Energy to buy 20% stake in US-based solar tech developer Caelux

Reliance New Energy to buy 20% stake in US-based solar tech developer Caelux

Indian oil-to-chemicals conglomerate Reliance Industries Ltd said its unit Reliance New Energy Ltd would buy a 20% stake for $12 million in solar technology developer Caelux Corp to produce more powerful and lower-cost solar modules.

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