Reliance to commission new energy giga complex

Billionaire Mukesh Ambani’s Reliance Industries Ltd will commission a new energy giga complex in Gujarat in the second half of 2024, the company said in an earnings statement and investor call. Reliance is building a giga complex spread over 5,000 acres in Jamnagar in Gujarat. The complex comprises five giga factories for photovoltaic panels, fuel

Reliance to invest in RE, green hydrogen in Tamil Nadu

Reliance Industries Chairman Mukesh Ambani has said that they will make new investments in renewable energy and green hydrogen in Tamil Nadu. Ambani, who skipped the Global Investors Meet hosted in the state, sent in a video message, addressing the summit. He said that the conglomerate would work closely with the state government to promote

RIL prepares roadmap for $1/kg green hydrogen production target

Nearly three years after Reliance Industries (RIL) announced its target to bring down the cost of green hydrogen production to $1 per kilogram in India, its chairman Mukesh Ambani on August 28 said the company has now chalked out a roadmap towards achieving the target. In September, 2021, Ambani, while addressing the International Climate Summit,

Adani to go solo on hydrogen project in India

Gautam Adani is prepared to go it alone in spending billions of dollars on developing green hydrogen in India, after TotalEnergies SE put a plan to partner in the venture on hold.  The French energy giant had agreed to buy a 25% stake in Adani New Industries Ltd. for an undisclosed sum to help fund

RIL to invest Rs1.5 tn in production of green energy

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

Reliance to transit to green hydrogen by 2025

Reliance Industries Chairman Mukesh Ambani at the company’s 45th Annual General Meeting (AGM) said that Reliance aims to progressively commence transition from Grey Hydrogen to Green Hydrogen by 2025. On other new energy initiatives, Ambani said that the company aims to establish and enable at least 100GW of solar energy by 2030. Ambani also announced

Reliance’s Mukesh Ambani expects its green energy to emerge as growth engine

Reliance Industries chairman Mukesh Ambani expects RIL’s green energy segment to emerge as the major growth engine for the conglomerate, which could potentially help India have the world’s most affordable green energy within this decade. In his message to the shareholders in the company’s annual report for 2021-22, Mukesh Ambani RIL has entered into a

Reliance acquires battery maker Lithium’s assets for $61mn

Indian refining giant Reliance Industriesmakes a bigger push towards clean energy and transport, and has acquired the assets of battery maker Lithium Werks for $61 million. Reliance’s investment in Lithium Werks, which manufactures lithium iron phosphate batteries that are mainly used in electric vehicles (EVs), includes funding for future growth, the company said late on

India could export $500bn in green energy Over 20 Years: Mukesh Ambani

India could become a global green energy superpower with exports of clean energy rising to $500 billion over the next 20 years, Mukesh Ambani, chairman of Reliance Industries, said on Wednesday. India is one of the most attractive destinations for renewable energy investments, Ambani said, adding that he believes the union government is extremely committed

Reliance industries’ blue hydrogen plan will draw investors

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