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With three promoters—Reliance, Shapoorji Pallonji Group and the Daruvala family—the EPC firm is already treading on thin ice. The prospect of a disagreement or distress sale upsetting the delicate balance is a constant worry for investors.

The solar module maker is banking on Sameer Nagpal to build 12 GW of cell capacity from scratch and catch up with Waaree and Premier—but the runway is tight and rivals are formidable.
Mukesh Ambani's conglomerate signs one of the world's largest binding green ammonia offtake agreements. In doing so, it delivers a credibility boost to an industry stuck between ambition and execution.
The state-owned lender’s successful issuance—and rare pricing advantage—signals India’s hesitant sustainable finance market may finally be maturing