Amid the increasing push for sustainable global practices among large industrial houses, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) said it is committed to double its investment target for green energy to Rs1.5 trillion, as part of the company’s initiatives to expand its renewable energy portfolio.
RIL is planning to commence the transition from grey to green hydrogen by 2025.
In 2021, RIL announced an investment of Rs75,000 crore to build its new energy business. A person in the know of RIL’s investment strategy for new energy, said it has already invested around Rs50,000 crore to develop a green energy Giga complex at Jamnagar in Gujarat. It plans to invest at least Rs1.5 trillion in total into green energy capacities. After the initial Rs75,000 crore, the exact resources and areas where additional Rs75,000 crore will be invested is still to be decided.
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