Reliance Industries: Reliance Industries bought 21% stake in American company Wavetech Helium.

Reliance Industries : Reliance Industries has announced that its wholly owned subsidiary Reliance Finance & Investments USA LLC has acquired US-based Wavetech Helium, Inc. Stock purchase agreement to buy 21% stake in for $12 million. This is part of the company's growth strategy to expand its exploration and production business into more low-carbon solutions, according to its exchange filing. Web Tech Helium, Inc. (WHI) was incorporated in the United States on July 2, 2021 and began commercial operations in CY 2024. WHI is an American helium gas exploration and production company engaged in the acquisition, exploration and development of properties to produce helium gas from underground reservoirs.

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Helium is used in medical applications, scientific research, aerospace and aeronautics, electronics, fiber optics, etc. Additionally, given the expected growth in AI and data centers, demand for helium for semiconductor manufacturing is expected to increase.