CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Reliance New Energy Solar Limited has bought REC from China National Bluestar for how much Million Dollars?
A
271 Million Dollars
B
771 Million Dollars
C
571 Million Dollars
D
971 Million Dollars
Explanation: 

Detailed explanation-1: -BENGALURU, Sept 6 (Reuters) - India’s Reliance Industries (RELI. NS) said late on Monday it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million. SenseHawk develops tools for the solar industry to help companies streamline processes and use automation.

Detailed explanation-2: -The company posted a net profit of ₹60, 705 crore in FY22 - a 23.56% rise year-on-year - on a revenue of ₹7, 39, 518 crore, a 43.81% increase.

Detailed explanation-3: -Coming soon to India: A new Solar Giga Factory The REC Alpha Pure-R goes into production in August 2022 at REC’s new production lines in Singapore, where REC is doubling its Alpha HJT product line capacity from 600 MW to 1.2 GW.

Detailed explanation-4: -In October 2021, it acquired Norway-based REC Solar for solar photovoltaic (PV) manufacturing for $771 million. REC specialises in making solar panels, photovoltaic cells and modules.

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