Reliance Industries shares in focus as unit faces Rs 3.1 crore penalty for battery plant delay

Reliance Industries Ltd (RIL) faces attention after its subsidiary, Reliance New Energy Battery Storage Ltd (RNEBSL), was penalized Rs 3.1 crore for missing a deadline under Indias PLI scheme for battery cell manufacturing. The penalty relates to a delay in achieving a key milestone in the development of a 10 GWh battery manufacturing facility in Gujarat.