India to emerge as clean energy superpower: Ambani

25 Feb 2022 CW Team

Chairman of Reliance Industries Limited (RIL), Mukesh Ambani told the media that India could emerge as an energy superpower with clean energy exports reaching $500 billion in the next 20 years.

In the Asia Economic Dialogue 2022, Ambani said that in the last two decades, India has emerged as an IT superpower and targets to become a superpower in energy and life sciences in the next 20 years.

Three factors will drive India as an export hub for green energy, proactive, forward-looking policy support and action from the government, and assured financing options.

Many Indian companies, including RIL, have announced their plans to boost the renewable energy capacity and produce green hydrogen under $1 per kg in India.

RIL plans to invest Rs 75,000 crore in the next three years in green energy initiatives, including the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, shifting its focus from hydrocarbons or fossil fuels to renewable energy.

India has a target of installing 450 GW of renewable energy capacity by 2030, out of which RIL plans to install around 100 GW of solar energy from rooftop solar systems and decentralised solar installations in villages.

Ambani said that India should map a strategy to cut down the use of fossil fuels like coal and imported oil in the next 20-30 years.

He added that India should follow low-carbon and no-carbon strategies in the small and medium-term.

RIL is focusing its shift from oil and gas to new energy amid the emergence of a global concurrence for action on climate change.

Energy majors, including Royal Dutch Shell, Chevron Corporation and Exxon Mobil Corporation, are rethinking their investment plans in fossil fuels, urged by environmentalist investors.

Image Source

Also read: Australia leads the world in solar per capita with 1 kW/person

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..