Reliance Industries chairman Mukesh Ambani, during the company's 47th annual general meeting, said the company is advancing rapidly in its mission to position India as a global leader in green and clean energy. Ambani says that Reliance has begun building its own transmission infrastructure to support solar generation projects, which are expected to deliver round-the-clock renewable energy (RE-RTC) on a large scale, starting in 2026.
Ambani says that the company's strategy to harness solar power includes leasing arid land in Kutch, Gujarat, with the potential to generate 150 billion units of electricity over the next decade—enough to meet 10% of India's energy needs.
Reliance chairman says that in addition to Kutch, Reliance has secured nearly 2,000 acres of land at Kandla port to support the production, storage, evacuation, and shipping of green fuels to various markets in India. This integrated coastal infrastructure will enhance the company's competitive advantage in the global green fuel market.
Reliance's New Energy business model is built on five key factors: meeting its own RE-RTC needs, securing value-accretive offtake agreements with global partners, ensuring quick cash flow generation from new projects, developing next-gen products through deep-tech R&D, and fostering a start-up mindset within empowered task force teams, he adds.
Ambani says that the Jamnagar facility, already recognised as the ‘Energy Capital of the World,’ is set to become the hub of Reliance's new energy business by 2025. “The Dhirubhai Ambani Green Energy Giga Manufacturing Complex will be the world's largest, most modern, modular, and integrated ecosystem at a single location. We are on track to fully commit and invest up to ₹75,000 crore to establish this manufacturing ecosystem, extensively enabled by all emerging technologies including AI, IoT, Machine Learning, and Robotics,” says Ambani.
Ambani states that with a strong balance sheet and access to global capital, Reliance is confident that its New Energy business will generate stable, predictable cash flows, and become a major earnings driver, comparable to its established O2C (oil-to-chemicals) business. He further adds that the company aims to achieve this transformation within the next 5 to 7 years, positioning itself at the forefront of the global energy transition.
Reliance's approach involves complete ownership and automation of its value chains, which the company believes will enable it to achieve higher margins than non-integrated competitors. To bolster its capabilities, Reliance plans to partner with global technology firms, develop state-of-the-art R&D facilities, and expand its talent pool with experts from around the world, Ambani adds.
