In Short : India’s Reliance Industries has projected that its new energy business, focusing on renewable and sustainable energy, will become as profitable as its oil-to-chemicals segment within the next 5-7 years. This ambitious target highlights Reliance’s strategic shift towards clean energy, with significant investments in solar, hydrogen, and energy storage, aligning with global trends […]
Reliance to commission first solar giga-factory this year – EQ
In Short : Reliance is set to commission its first solar giga-factory within this year. This significant milestone marks a major step in the company’s renewable energy ambitions, contributing to India’s push towards sustainable energy. The giga-factory will enhance Reliance’s capacity to produce solar modules, further supporting the nation’s clean energy transition and reducing dependency […]
Reliance to commission first solar giga-factory in FY25 – EQ
In Short : Reliance Industries is set to commission its first solar giga-factory in the fiscal year 2025. This facility will be a key component of Reliance’s strategy to become a leader in the renewable energy sector, significantly boosting solar panel production capacity in India. The giga-factory will support the country’s green energy transition and […]
Reliance inks deal with Norway’s Nel for hydrogen electrolysers – EQ
In Short : Reliance has signed a deal with Norway’s Nel to collaborate on hydrogen electrolysers, aiming to boost green hydrogen production and advance renewable energy initiatives. In Detail : Nel’s entry into India’s renewable hydrogen sector marks a pivotal market expansion with RIL. Reliance Industries Ltd (RIL) has entered into a major technology licensing […]
Reliance, Nel Partner for Hydrogen Electrolysers – EQ
In Short : Reliance has partnered with Nel to develop hydrogen electrolysers. This collaboration aims to advance green hydrogen production, supporting Reliance’s renewable energy initiatives and contributing to the global shift towards sustainable energy sources. In Detail : The agreement provides RIL an exclusive license for Nel’s alkaline electrolysers in India, manufacture for captive purposes […]
Reliance, L&T, Greenko, Welspun Secure Land For Green Hydrogen Production At Deendayal Port Authority – EQ
In Short : “Reliance, L&T, Greenko, and Welspun secure land at Deendayal Port Authority for green hydrogen production, signaling a collaborative effort towards sustainable energy initiatives and advancing India’s green hydrogen economy.” In Detail : The aggregated investment in these projects is projected to soar to a staggering Rs 1 lakh crore, positioning it […]
Reliance to commission new energy giga complex in Gujarat this year – EQ
In Short : Reliance is set to commission a new energy giga complex in Gujarat this year. This strategic move aligns with the company’s commitment to expanding its presence in the energy sector, emphasizing Gujarat as a key location for its upcoming complex. In Detail : The Dhirubhai Ambani Green Energy Giga Complex will be […]
Reliance sells REC Solar Norway for $22 million – EQ
In Short : Reliance Industries has successfully sold REC Solar Norway for $22 million. This strategic move aligns with Reliance’s business decisions and may contribute to the company’s overall strategic objectives and financial plans. In Detail : New Delhi, Reliance Industries Ltd on Monday said it will sell REC Solar Norway AS to Oslo-listed Elkem […]
Reliance, ACME, seven others selected for govt sops to set up green hydrogen production facilities – EQ
In Short : Reliance Industries, ACME Group, and seven other entities have been selected to receive government incentives for establishing green hydrogen production facilities. This move aims to promote the development of green hydrogen, a sustainable energy source, and supports efforts to transition towards cleaner and more environmentally friendly fuel options in India. In Detail […]
Reliance to invest in renewable energy, green hydrogen in Tamil Nadu, says Mukesh Ambani – EQ
In Short : The billionaire said that Reliance has partnered with Canada’s Brookfield Asset Management and US-based Digital Reality to set up a state-of-the-art data centre that will be opened next week. In Detail : Global Investors Meet: Mukesh Ambani said that Tamil Nadu has become one of the most business-friendly states in the country […]