Reliance Industries (RIL), leading private sector enterprise with businesses in the energy and materials value chain, announced that Reliance Haryana SEZ (RHSL), on Friday returned 1383.68 acres of land in Gurgaon acquired from HSIIDC for setting up SEZs due to revision of strategic priorities. RHSL is a joint venture between Reliance Ventures (RVL), RIL's wholly-owned subsidiary, and Government of Haryana through HSIIDC.

The JV was established for development of SEZs / Model Economic Township (MET) project and other infrastructure facilities in Haryana. HSIIDC has also exited the JV and the project.

The Model Economic Township project will continue to be developed in the Industrial Model Township framework on the directly-purchased land. The development work has been started over 290 acres of land as an Industrial Colony. Companies such as Panasonic and Denso have established their manufacturing units in the MET Project.

Shares of the company gained Rs 1.2, or 0.12%, to trade at Rs 1,000.45. The total volume of shares traded was 29,388 at the BSE (9.53 a.m., Monday).