SEOUL, November 29 (AJP) - India's Reliance Industries has acquired a 21-percent stake in Wavetech Helium, a U.S.-based helium production company.
Reliance Finance and Investments USA announced Thursday that it purchased the stake for around $12 million.
Reliance Group operates the world's largest refinery in Jamnagar, Gujarat, western India. In 2021, the Indian conglomerate announced plans to invest $10 billion in green energy and achieve net-zero emissions by 2035.
Helium, a byproduct of natural gas extraction, is used in various green technologies, including medical, scientific research, aerospace, electronics, and fiber optics.
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