Home / Companies / News / RIL to invest Rs 5.95 trn in Gujarat for green energy, other projects

RIL to invest Rs 5.95 trn in Gujarat for green energy, other projects

The MoU entails an investment of Rs 5 trn in Gujarat over the next 10-15 years for setting up a 100 Gw Renewable Energy Power Plant and Green Hydrogen Eco-System

Premium

3 min read Last Updated : Jan 13 2022 | 10:40 PM IST

As part of the investment promotion activity for the now-deferred 10th Vibrant Gujarat Global Summit 2022 (which was scheduled for January 10-12 in Gandhinagar), Reliance Industries (RIL) on Thursday signed a memorandum of understanding (MoU) with the Government of Gujarat for a total investment of Rs 5.95 trillion.

Though the investment pact is just a memorandum of understanding right now, it outlines the scope of Ambani’s green ambitions and is a big step up from the $10 billion (over Rs 73000 crore) investment over three years he had announced in June.

The MoU entails an investment of Rs 5 trillion in Gujarat

Topics : Reliance Industries Mukesh Ambani

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in