Reliance Industries Share Price in Focus as Company Won’t Acquire Any Stake in Kandla GHA Transmission

 Reliance Industries announced that it will no longer proceed with the proposed acquisition of Kandla GHA Transmission Limited (KGTL).  

PFC Annuls Existing Bidding Process 

According to the company’s regulatory filing, Reliance Industries received a communication from PFC Consulting Limited informing it about the annulment of the existing bidding process related to KGTL.  

As a result, the company stated that it will not move forward with the acquisition of the transmission project entity. 

Earlier Proposal Included 100% Stake Acquisition 

Reliance Industries had earlier received board approval to acquire a 100% equity stake in Kandla GHA Transmission Limited from PFC Consulting Limited. 

The proposed transaction was planned for a consideration of up to ₹20 crore and was linked to a tender awarded to the company. 

Following the cancellation of the bidding process, the proposed transaction now stands terminated. 

Transmission Projects Remain Strategic Focus Area 

Reliance Industries has been exploring opportunities across energy transition, infrastructure, and power-related businesses as part of its broader expansion strategy.

Transmission infrastructure projects are considered strategically important because of increasing investments in renewable energy integration and grid connectivity. 

Read More: Govt Confirms No Petrol and Diesel Price Hike; Reliance Industries to Shut Crude Unit for Maintenance! 

Reliance Industries Share Price Performance 

As of 08 May 2026, at 9:22 AM, Reliance Industries share price is trading at ₹1,423.20 per share, reflecting a decline of 0.89% from the previous closing price. 

Conclusion 

The cancellation of the Kandla GHA Transmission bidding process has resulted in Reliance Industries withdrawing from the proposed acquisition, ending the previously announced transaction. 

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