RIL reinvents, again

The scale of its green energy debut is stunning

Reliance Industries Ltd (RIL) has never been short of ambition and the latest annual general meeting on Thursday has confirmed that it isn’t content with merely consolidating its current domination of telecom, organised retail, and digital. The Mukesh Ambani-led conglomerate is aiming for a big bang entry into green energy, and the Jio network is also looking to sweep up 200 million new subscribers with the launch of a new low-cost smartphone. Meanwhile, the induction of Saudi Aramco chief, Yasir Al-Rumayyan (he is also chairman of the Saudi sovereign wealth fund, PIF), into the RIL board emphasised the close alliance