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Reliance subsidiary acquires 21% stake in US helium gas exploration, production company

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Indian conglomerate Reliance Group signalled its intention to expand into the helium gas sector, with its US-based step-down subsidiary Reliance Finance and Investments ... expand its exploration and production business in low-carbon solutions.
Reliance Industries, through its subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL), has acquired a 21% stake in a US-based helium gas exploration and production company, Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL). This strategic investment, valued at $10 million, aims to secure a stable supply of helium, which is crucial for various industrial applications including semiconductors, medical equipment, and aerospace. The deal not only strengthens Reliance's position in the helium market but also aligns with its broader strategy to diversify and expand its energy portfolio. The acquisition was announced on June 27, 2023, and is part of Reliance's ongoing efforts to invest in critical materials and resources globally.

Read the Full Arabian Business Article at [ https://www.arabianbusiness.com/industries/reliance-subsidiary-acquires-21-stake-in-us-helium-gas-exploration-production-company ]