India's Solar Energy Corp proposes joint venture with Reliance

India's Solar Energy Corp proposes joint venture with Reliance

Labourers rest in front of an advertisement for Reliance Industries at a construction site in Mumbai, India, March 2, 2016. REUTERS/Shailesh Andrade/File Photo

India’s renewable energy agency, Solar Energy Corp, has offered oil-to-telecoms conglomerate Reliance Industries a 51% stake in a joint venture to supply renewable power to the latter’s refineries and manufacturing plants, two sources familiar with the matter told Reuters.