While all the attention is focused on last week’s mega announcement by Mukesh Ambani, the country and Asia’s richest man, on spending Rs 75,000 crore over the next three years in pushing Reliance Industries, the country’s biggest private firm by revenue, into the clean energy sector, I wish to turn the clock back over a decade—June 18, 2010 to be precise.
Speaking at RIL’s 36th Annual General Meeting, Mr Ambani outlined his firm’s “transformational initiatives in power” business, spanning generation, transmission and distribution. Remember this was the time RIL had just annulled the non-compete agreement with Mr Ambani’s younger brother
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