Reliance, India’s most valuable company, attended a pre-bid meeting held last month to discuss the subsidy program, the people said, asking not to be named as the information is private. New Delhi : Billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering a bid for India’s incentives for solar power manufacturing, as the fossil-fuels giant begins […]
Indian Billionaires Face Off in Race to Solar Domination
India’s two richest men are vying to be at the forefront of Prime Minister Narendra Modi’s ambition to ramp up green energy capacity in the world’s second-most populous country more than four-fold to 450 gigawatts (GW) by 2030. Indian tycoon Mukesh Ambani’s $10 billion entry into renewable energy could drive solar tariffs further to the […]
Green Finance Set to Touch $2.36 Trillion Globally by 2023: Report
The concept of green bonds in the global finance ecosystem is fast catching up. Green bonds valued at $106.86 billion were issued in just the first quarter of 2021, according to a report published by the British non-profit Climate Bonds Initiative. A green bond is a type of fixed-income instrument that is specifically earmarked to […]
Indian Billionaires Mukesh Ambani And Gautam Adani Face Off in Race to Solar Domination
Ambani, 64, built up his family-owned petrochemicals and textiles business into a sprawling empire including telecoms and retail. Adani, 59, is a self-made billionaire who has focused on electricity generation, transmission and distribution and the operation of ports and airports. Indian billionaires Mukesh Ambani and Gautam Adani face off in race to solar dominationIndian tycoon […]
Anant Ambani Joins as Board Member on RIL’s 2 New Solar Companies
Anant Ambani has reportedly been appointed as director of Reliance New Energy Solar and Reliance New Solar Energy — new solar companies that were established two weeks ago as part of Reliance Industries Ltd NSE -0.55 % (RIL’s) clean energy push. With this appointment, Anant Ambani, the younger son of Reliance Industries (RIL) chairman Mukesh […]
RIL’s Solar Energy Foray: Former Thermax MD Lays Down the Challenges
Reliance Industries’ Mukesh Ambani, last Thursday announced in the company’s annual general meeting (AGM) that the company will invest Rs 75,000 crore in clean energy business over the next three years. It aims to set up 100 GW of solar power generating capacity by 2030. What does this mean for the sector, MS Unnikrishnan, former […]
Mukesh Ambani and Gautam Adani. Two billionaires, one green ambition
Until now, the two billionaires, both hailing from Prime Minister Narendra Modi’s home state of Gujarat, have largely operated in their separate spheres. Clean energy would see them overlap. Mukesh Ambani’s rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that he’s undertaking his life’s “most challenging” mission […]
RIL AGM: India Will Play Leading Role in Transforming Global Energy Landscape, Says Mukesh Ambani
Reliance Industries, RIL conducted its 44th Annual General Meeting today. “As one of the biggest energy markets in the world, India will play a leading role in transforming the global energy landscape, said Mukesh Ambani”. RIL has announced its plans to disrupt New Energy Business. Mukesh Ambani, Chairman and Managind Director, RIL said, “We are […]
Reliance to Invest Rs 60,000 Cr to Build Integrated Solar Photovolatic Factory, Battery Making Unit, Green Hydrogen Unit: Mukesh Ambani
Reliance to invest Rs 60,000 cr to build integrated solar photovoltaic factory, battery making unit, green hydrogen unit: Mukesh Ambani. “We are launching our new energy business with aim of bridging the green energy divide in India, globally,” Mukesh Ambani said during the event. Source: devdiscourse
Reliance to Set Up 100 GW of Solar Energy by 2030, Says Mukesh Ambani at Company’s Annual Shareholder Meeting
CHENNAI : Reliance Industries Ltd will invest 750 billion Indian rupees ($10.10 billion) in a new energy business over the next three years, Chairman Mukesh Ambani told the company’s annual general meeting on Thursday. Reliance will build solar manufacturing units, a battery factory for energy storage, a fuel cell-making factory and an electrolyzer unit to […]