Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner With Reliance Industries chairman Mukesh Ambani announcing a $10-billion foray into green energy last month and promising to shake up the market, the after effects were not only felt across other power companies but also at […]
Reliance’s New Energy Plan Can Be Bolder
Indian oil major Reliance Industries Ltd. announced a $10 billion investment in the production of low carbon technologies. In the face of a gradually declining fossil industry, growing momentum for clean energy investment, and supporting federal incentives, RIL’s move is merely imminent. While the company’s intent to scale and integrate emerging technologies, such as green […]
Clean tech next hypergrowth opportunity for Reliance, say brokerages
HSBC said RIL should benefit from the Performance Linked Incentive (PLI) schemes that the government is rolling out for PV manufacturing and advanced energy storage plants. Reliance Industries Ltd’s focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and […]
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 […]
Reliance to Build Giga Factories For New Energy Generation
Mumbai : Reliance Industries Ltd (RIL) plans to build four giga factories to manufacture and integrate all critical components of a new energy ecosystem, Chairman and Managing Director Mukesh Ambani said on Thursday. The factories will make solar photovoltaic modules, electrolysers and fuel cells for energy storage batteries, he said while addressing RIL’s 44th annual […]
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 […]
Reliance increases supply of oxygen to over 700 tonnes a day to Covid-hit states
The company’s Jamnagar refineries in Gujarat initially produced 100 tonnes of medical-grade oxygen, which has quickly been ramped up to over 700 tonnes, people aware of the matter said NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd has tweaked manufacturing at its Jamnagar oil refineries to produce over 700 tonnes a day of medical-grade oxygen […]
Reliance, other energy majors form hydrogen coalition
This alliance seeks to bring in best-in-class hydrogen technology, equipment and know-how to create a hydrogen supply chain in the country. Mumbai: Led by domestic energy giant Reliance Industries, many global energy and industrial players on Tuesday came together to form a new energy transition coalition, called the India H2 Alliance (IH2A), to help commercialise […]
Ambani plans to move towards renewable energy; to invest for next-gen
Reliance operates two giant refineries with a combined capacity of 1.4 million barrels per day in Gujarat. Mumbai: Reliance plans to move away from fossil fuels to a more renewable source of energy in a few decades, Mukesh Ambani, the Chairman of Reliance Industries which operates the world’s biggest refining complex, said on Monday. Reliance […]