Shares of Anil Ambani’s company Reliance Infrastructure have seen a stormy rise of more than 2200 percent from its low level. Shares of Reliance Infrastructure have increased from Rs 9 to over Rs 200 in the last 4 and a half years. The company’s shares have increased the investment of Rs 1 lakh to Rs 23 lakh during this period. Reliance Infrastructure is now considering a plan to make electric cars and batteries.
Made more than 23 lakh rupees from 1 lakh rupees
Shares of Reliance Infrastructure were at Rs 9.20 on 27 March 2020. The company’s shares closed at Rs 213.10 on 6 September 2024. Shares of Anil Ambani’s company have jumped 2217 percent during this period. If a person had invested Rs 1 lakh in Reliance Infrastructure shares on 27 March 2020 and maintained his investment, then the value of shares purchased with Rs 1 lakh would have been Rs 23.15 lakh at present. The 52-week high level of Reliance Infrastructure shares is Rs 308. At the same time, the 52-week low level of the company’s shares is Rs 143.70.
Plan to make electric car and battery
Anil Ambani-owned Reliance Infrastructure is considering plans to make electric cars and batteries. The company has appointed Sanjay Gopalakrishnan, former India executive of Chinese company BYD, to advise on its plans. This has been told by two people with knowledge of the matter. This has been said in a Reuters report. A source has said that Anil Ambani’s company has hired external consultants for the cost feasibility study of the electric vehicle plant. The annual capacity of this plant can be around 250000 vehicles initially, which can be increased to 750000 vehicles in a few years.
