In a major boost to the government’s vision to transition from fossil fuels to green energy, India’s Reliance Industries Ltd (RIL) has drafted a plan to repurpose its gasification assets at its refinery in Jamnagar, Gujarat, to become the world’s largest producer of blue hydrogen. In a presentation submitted to the National Company Law Tribunal […]
Reliance Industries’ Blue Hydrogen Plan Will Draw Investors, Say Top Brokerages – EQ Mag Pro
Reliance Industries Ltd.’s plan to repurpose its $4-billion (about Rs 30,000 crore) gasification assets for clean energy will offer the Mukesh Ambani-controlled conglomerate an opportunity to rope in more investors, according to analysts. India’s biggest company by market value will use syngas—a product of coal gasification—to make blue hydrogen at a competitive cost of $1.2-1.5 […]
Reliance Industries seeks to be the world’s top blue hydrogen maker – EQ Mag Pro
RIL will re-purpose a Rs 30,000-crore plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-1.5 a kilogram Billionaire Mukesh Ambani’s Reliance Industries Ltd is targeting to become one of the largest producers of blue hydrogen globally, producing the zero-emission fuel at costs that will be half of the global […]
Reliance Industries signs MoU for the investment of Rs 5.95 lakh crore in Green Energy & other projects in Gujarat – EQ Mag Pro
Will create 10 lakh employment opportunities in the State Ahmedabad: Reliance Industries Limited (RIL) signed MoU today with the Government of Gujarat for a total investment of Rs 5.955 lakh crore as part of Investment Promotion Activity for Vibrant Gujarat Summit 2022. These projects will create 10 lakh direct / indirect employment opportunities in the […]
Reliance Industries India’s Largest ‘Greenabler’, Says Goldman Sachs; Ups Price Target – EQ Mag Pro
Goldman Sachs sees Reliance Industries Ltd.’s clean energy business as its third structural growth driver, besides retail and telecom, as the global investment bank reiterates ‘buy’ and raises target price on the billionaire Mukesh Ambani-controlled conglomerate. “RIL is adopting a unique manufacturing approach to net zero emissions with a hyper-integrated model spanning solar, battery and […]
Reliance Industries arm completes acquisition of REC Solar Holdings from China National Bluestar; Stock up 1% – EQ Mag Pro
The acquisition of REC will help Reliance with a ready global platform and the opportunity to expand and grow in key green energy markets globally. Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has on Wednesday completed the acquisition of 100% shareholding of REC Solar Holdings AS (REC Group) […]
India To Become Manufacturing Hub For Lowest Cost, Highest-Efficiency Solar Panels, Says Mukesh Ambani
Reliance Industries on Sunday announced it was acquiring one of the largest solar panel manufacturing companies, REC Solar Holdings AS (REC Group), for an enterprise value of US$ 771 million (around Rs 5,800 crore). “I am immensely pleased with our acquisition of REC because it will help Reliance tap the unlimited and year-long power of […]
New Energy To Pivot RIL Into Global Alternative Technology Supplier: Morgan Stanley – EQ Mag Pro
Reliance Industries Ltd.’s plan to provide solutions related to hydrogen, solar PV and grid batteries is “unique” and could allow it to stand out as “one of the most integrated infrastructure providers”, not just in India but globally, according to Morgan Stanley. “We expect silicon and hydrogen to emerge as the next decade’s ‘new oil’ […]
Why Reliance Industries Giga-Factory For Hydrogen Could Be a Game-Changer
Asia’s richest person, Mukesh Ambani, has a $10 billion plan to scale up zero-carbon hardware in India. Reliance Industries, the oil- and refining-heavy conglomerate that he controls, intends to develop four huge “ giga factories” to manufacture photovoltaic modules, batteries, fuel cells, and—importantly—electrolyzers to produce hydrogen. It’s a big plan, but short of details. Still, […]
Reliance Industries to face stiff competition in clean energy sphere
In the 44th Annual General Meeting of Reliance Industries Ltd (RIL) on June 24, Mukesh Ambani announced plans to enter the clean energy industry. He committed to invest Rs 75,000 crore over three years, making RIL the first Indian company ever to embark on a project this mammoth. Once completed, Reliance would join other global […]