Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 million

SenseHawk helps accelerate solar projects from planning to production by helping companies streamline processes and use automation. It provides a solar digital platform to manage the end-to-end solar asset lifecycle. The turnover of SenseHawk for FY 2022, FY 2021 and FY 2020 was $2,326,369, $1,165,926, and $1,292,063 respectively, RIL informed in an exchange filing on Tuesday.

“Sensehawk, along with the other investments of the company in new energy, will be synergistic and create unique solutions with higher value to customers. The objects and effects of the aforesaid acquisition are explained in the media release dated September 5, 2022 already filed by the company on the subject," said RIL Chairman Mukesh-Ambani.