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Ambani pegs inexperienced power biz to outshine different Reliance items

1 min read
Ambani pegs green energy biz to outshine other Reliance units

Reliance Industries (RIL) expects inexperienced power, the brand new development engine for the group, to outshine its different companies in 5-7 years, whilst the corporate would increase its present companies to newer frontiers.

According to chairman & managing director Mukesh Ambani, RIL has launched into this journey with a “vision to repeat” the feat it achieved in wi-fi broadband. “Over the next 12 months our investments across the green energy value chain will gradually start going live, scaling up over the next couple of years,” he mentioned within the firm’s annual report.

RIL had began its inexperienced transformation in FY22 and at a scale which is able to make India the world’s main inexperienced power producer. In June final yr, the enterprise conglomerate introduced plans to take a position $10 billion in renewable power area over the subsequent three years.

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