Reliance to invest $80.6 bn in Gujarat’s renewable projects
POWER & RENEWABLE ENERGY

Reliance to invest $80.6 bn in Gujarat’s renewable projects

Indian billionaire Mukesh Ambani’s conglomerate Reliance Industries declared that it would invest a whopping 6 trillion rupees (about $80.6 billion) to renewable energy projects in the western Indian state of Gujarat, where it expects to assist in generating a million new jobs.

Approximately $67.7 billion will go toward a new power facility and hydrogen system, the firm said in a stock exchange filing. Reliance aims to make the massive investment in a 10-to-15-year term and has already commenced exploring for land for the 100 GW capacity site.

The firm additionally plans to generate a new production hub that will be dedicated to fuel cell technology, generation of solar panels and other renewable energy sources. Reliance told the media that the firm's 1 million jobs projection comprises direct and indirect new opportunities in Gujarat.

Renewable energy is beginning to take off in India. Last year, new establishments of such projects were projected to double across the country, as against those from 2015 to 2020.

The trend comes at a crucial time. As of late last year, coal was estimated for nearly 70% of the nation's electricity generation.That put the world's second-most populous nation in a vulnerable place recently as it encountered the risks of a coal crisis last October, with stocks of the commodity at most Indian power facilities falling to critically low levels.

Image Source

Also read: 76 MW projects of 90 MW RE projects cleared: Telangana energy ...

Also read: UK to invest $1.2 bn in India for renewable energy projects

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Indian billionaire Mukesh Ambani’s conglomerate Reliance Industries declared that it would invest a whopping 6 trillion rupees (about $80.6 billion) to renewable energy projects in the western Indian state of Gujarat, where it expects to assist in generating a million new jobs. Approximately $67.7 billion will go toward a new power facility and hydrogen system, the firm said in a stock exchange filing. Reliance aims to make the massive investment in a 10-to-15-year term and has already commenced exploring for land for the 100 GW capacity site. The firm additionally plans to generate a new production hub that will be dedicated to fuel cell technology, generation of solar panels and other renewable energy sources. Reliance told the media that the firm's 1 million jobs projection comprises direct and indirect new opportunities in Gujarat. Renewable energy is beginning to take off in India. Last year, new establishments of such projects were projected to double across the country, as against those from 2015 to 2020. The trend comes at a crucial time. As of late last year, coal was estimated for nearly 70% of the nation's electricity generation.That put the world's second-most populous nation in a vulnerable place recently as it encountered the risks of a coal crisis last October, with stocks of the commodity at most Indian power facilities falling to critically low levels. Image Source Also read: 76 MW projects of 90 MW RE projects cleared: Telangana energy ... Also read: UK to invest $1.2 bn in India for renewable energy projects

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?