 "Mukesh Ambani")
Reliance Industries Ltd, owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc. to expand into the country’s growing renewable energy sector, according to two people with knowledge of the plan.
The companies are considering a plan to set up energy-storage projects near solar- and wind-energy installations, the people said, asking not to be identified citing company policy. A decision on investment and implementation will be taken by December, they said.
Reliance didn’t respond to requests for comment. BP declined to comment.
The push into power storage dovetails with Prime Minister Narendra Modi’s efforts to
