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 […]
Reliance to Invest Rs 75,000 Cr in New Energy Business Over 3 Years: Ambani
Last year, he had announced a 15-year commitment to become net carbon zero by 2035. Billionaire Mukesh Ambani on Thursday announced a Rs 75,000 crore investment in setting up four ‘Giga’ factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years. Addressing the company’s annual shareholder meeting, he […]
Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
Mukesh Ambani, Asia’s richest man, plans to transform each of the units under his refining-to-retail conglomerate to create a sustainable business model as Reliance Industries Ltd. chases a net carbon-zero goal by 2035. “We have no option as a society, as a business but to really adopt a sustainable business model,” Ambani told Bloomberg Television’s […]
RIL May Go Big in its New Energy Business Amid Climate Concerns
As environmental concerns regain momentum across the globe and companies are setting carbon neutral targets, oil-to-telecom major Reliance Industries (RIL) plans to give a major push to its new energy and new materials business. New Delhi: As environmental concerns regain momentum across the globe and companies are setting carbon neutral targets, oil-to-telecom major Reliance Industries […]
Gautam Adani Overtakes China’s Zong Shanshan to Become Asia’s 2nd Wealthiest
As per the Bloomberg Billionaires Index, Ambani is the 13th richest person in the world, followed by Adani at 14th. Billionaire Gautam Adani’s wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index. Billionaire Gautam Adani’s net worth has soared past China’s Zong Shanshan to make […]
Gautam Adani gets richer by $16 billion in 2021; beats Musk, Ambani in wealth addition
Adani is followed by Google co-founders Larry Page and Sergey Brin, who have added $14.4 billion and $13.8 billion, respectively, to their net worth in 2021. Adani Group Chairman Gautam Adani has beaten billionaires like Elon Musk and Mukesh Ambani to add the highest amount of wealth in 2021 so far. Adani has added $16.2 […]
Mukesh Ambani says he will make batteries ahead of a boom in electric vehicles
As of now, Ambani’s plan sounds a lot like Elon Musk’s Tesla minus the electric vehicles. India’s richest man is making a strategic shift towards renewable energy. This is significant because over 60% of RIL’s consolidated revenue comes from fossil fuels and their by-products. Global investment bank Morgan Stanley expects RIL to pump in $13 […]
Mukesh Ambani says he will make batteries ahead of a boom in electric vehicles
As of now, Ambani’s plan sounds a lot like Elon Musk’s Tesla minus the electric vehicles. India’s richest man is making a strategic shift towards renewable energy. This is significant because over 60% of RIL’s consolidated revenue comes from fossil fuels and their by-products. Global investment bank Morgan Stanley expects RIL to pump in $13 […]
Mukesh Ambani pitches for reforms in renewable energy
The RIL chief forecast an ‘explosive and exponential growth’ in the Indian economy in the post-Covid era Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Saturday said India needs disruptive solutions in renewable, low carbon and carbon recycle technologies as well as breakthroughs in renewable energy and innovations in storage and utilisation to achieve the […]
Reliance says India will fully shift to renewable energy in few decades
Reliance, which operates two giant refineries with a combined capacity of 1.4 million barrels per day in western India, aims to become a net zero carbon company by 2035 India will fully move away from fossil fuels to renewable energy in the next few decades, the chairman of Reliance Industries, operator of the world’s biggest […]