Business Standard

RIL AGM: Mega expansion in new energy biz, Rs 75,000 cr for petchem

Chairman Mukesh Ambani also announces new gigafactory for power electronics, RIL set up India's first Carbon Fibre plant at Hazira with a capacity of 20,000 tonnes a year

Mukesh Ambani at 45th AGM
Premium

Mukesh Ambani at 45th Reliance AGM

Shreya Jai New Delhi
A year after announcing a Rs 75,000 crore investment plan for green energy, Mukesh Ambani, chairman, Reliance Industries Limited (RIL) laid out production and expansion plans in solar, green hydrogen and battery manufacturing. The conglomerate also announced Rs 75,000 crore investment for the oil-to-chemicals or petchem segment.

He also announced a new gigafactory for power electronics. This is in addition to the four gigafactories announced last year for photovoltaic solar panels, energy storage, green hydrogen and fuel cell systems.

“One of the key components linking the entire value chain of green energy is affordable and reliable power electronics. We are

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2022 | 8:02 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com