RIL to pump ₹1.5 trn into petro, new energy

Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to invest ₹75,000 crore ($9 billion) each into its new energy business and petrochemical expansion, according to a company presentation.

- DEV CHATTERJEE

In its FY25 result statement, Ambani said the company has laid a strong foundation for its projects in renewable energy and battery operations.

"In the coming quarters, we will see the transition of this business from incubation to operationalisation. I believe the new energy growth engine will create significant value for Reliance, for India and for the world," Ambani said.

The conglomerate has commissioned a 1-gigawatt heterojunction solar module manufacturing facility and aims to scale it to a fully integrated 10-gigawatt capacity by 2026. This expansion is expected to add ₹6,000 crore to RIL's earnings before interest, taxes, depreciation, and amortisation (Ebitda), it said.