Mukesh Ambani and Gautam Adani. Two billionaires, one green ambition

Until now, the two billionaires, both hailing from Prime Minister Narendra Modi's home state of Gujarat, have largely operated in their separate spheres. Clean energy would see them overlap.

Mukesh Ambani’s rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that he’s undertaking his life’s “most challenging” mission by investing 750 billion rupees ($10 billion) in clean power and fuel over three years.
 

It doesn’t appear to be a big capital commitment from India’s most powerful businessman, certainly not when he’s just raised $44 billion of capital during a pandemic, and made the $180 billion balance sheet of his flagship Reliance Industries Ltd. free of net debt.

But these are still early days for a decisive change in the energy mix of