Mukesh Ambani led Reliance Industries is a popular name across the globe when it comes to green energy. With a market cap of more than Rs 17 trillion, Reliance Industries invests big in new and green energy sources. At Reliance Industries Limited (RIL) annual general meeting, Mukesh Ambani said, “We have a 15-year vision to build Reliance as one of the world's leading New Energy and New Materials company.” Continuing on that path, RIL announced Rs 75,000 crore investment to build its new energy business in 2021.
"Once proven at scale, RIL is prepared to double the investment to scale up its manufacturing ecosystem. The investment of Rs 775,000 crore with a readiness to double investment will further the company's goals related to energy transition, enhance renewable energy usage and operational economic efficiency, and broaden focused research for the new energy business." the company said in its annual report.
Now in its latest annual report, Mukesh Ambani led Reliance Industries has reiterated its promise to double down green energy investment to Rs 1.5 trillion to aid the ambitious target of achieving net-zero carbon by 2035. Reliance Industries New Energy business is an optimal mix of reliable, clean and affordable energy solutions with hydrogen, wind, solar, fuel cells, and batteries.
Reliance is making significant progress in developing the Dhirubhai Ambani Green Energy Giga Complex, which spans 5,000 acres in Jamnagar. This progress is a reflection of the Company’s strategy to establish Giga factories to realise its vision for the New Energy business. Reliance is on track to create a fully integrated manufacturing ecosystem, complete with secure and self-sufficient supply chains.
Reliance Industries also partnered with BharatBenz, subsidiary of Mercedes-Benz’s sister company Daimler Truck AG to unveil India's first intercity luxury concept coach powered by Hydrogen Fuel Cell technology.