Reliance Unveils ₹75,000 Cr O2C Boost, Targets 20 GW Solar Module Capacity by 2026 – EQ
In Short : Reliance Industries Ltd (RIL) will invest ₹75,000 crore in its oil-to-chemicals (O2C) business while accelerating its clean energy push. The company aims to establish 20 GW solar module manufacturing capacity by 2026, reinforcing its strategy to diversify operations. This dual focus strengthens RIL’s transition towards sustainable growth while maintaining leadership in traditional energy segments.
In Detail : Reliance Industries Limited (RIL) has announced a major investment plan of ₹75,000 crore into its oil-to-chemicals (O2C) business, while simultaneously pushing forward its renewable energy goals. The company’s dual approach reflects its strategy to strengthen its traditional business while building future-ready capabilities in clean energy. This marks a significant step in RIL’s ongoing transformation journey.
The O2C segment continues to remain a cornerstone of RIL’s operations, contributing substantially to its revenue and profits. The fresh investment will be directed towards enhancing refining and petrochemical efficiency, improving integration, and ensuring long-term sustainability of this business. RIL aims to leverage advanced technologies to increase competitiveness and expand its global footprint in petrochemicals.
Parallel to its O2C investments, RIL has set ambitious targets in renewable energy manufacturing. The company is preparing to establish a solar module production capacity of 20 gigawatts (GW) by 2026. This large-scale plan places RIL among the leading players driving India’s clean energy manufacturing ecosystem, reducing reliance on imports while supporting the nation’s green transition.
The solar initiative will be anchored in RIL’s Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, Gujarat. The facility is being designed as an integrated hub for renewable energy solutions, including solar modules, batteries, fuel cells, and green hydrogen. By developing a complete supply chain under one roof, RIL aims to become a key player in both domestic and global markets.
Mukesh Ambani, Chairman and Managing Director of RIL, has emphasized the importance of balancing business sustainability with India’s clean energy needs. He noted that while fossil fuels continue to play a critical role, the transition to renewables is inevitable and must be accelerated. The company’s twin strategy is meant to safeguard present revenue streams while investing in future growth sectors.
The move also aligns with India’s broader clean energy goals, where the government has set ambitious targets of achieving 500 GW of non-fossil fuel capacity by 2030. RIL’s expansion into solar manufacturing will help the country achieve self-sufficiency in renewable technology, create jobs, and drive industrial growth. It is expected to reduce the dependence on imported solar equipment.
Financial analysts view RIL’s investments as a well-timed step to diversify risks and create new growth engines. The O2C segment provides stability and cash flow, while the renewable business offers scalability and long-term potential. This balance of traditional and future energy businesses makes RIL’s portfolio resilient against market fluctuations.
The announcement has also boosted investor confidence, with markets reacting positively to RIL’s long-term vision. Industry experts believe the solar manufacturing capacity of 20 GW will not only serve India’s domestic needs but also open export opportunities in fast-growing renewable markets abroad. This could further strengthen India’s role as a clean energy hub.
Through this strategic roadmap, RIL is setting benchmarks for Indian corporates in balancing business continuity with sustainability. By committing ₹75,000 crore to O2C and scaling up clean energy capacities, RIL is positioning itself as a global energy leader in both conventional and renewable sectors. The coming years will be crucial in determining the success of this twin-track approach.
