RIL and Hualu to manufacture polysilicon for solar panels

17 Sep 2021 CW Team

Reliance Industries Limited (RIL) and Hualu Engineering and Technology Company Limited of China plan to make the main component of solar panels polysilicon.

It was revealed after Mukesh Ambani spoke of the Rs 75,000 crore push into clean energy over three years in June. RIL also plans to invest Rs 60,000 crore in four of its giga-factories. Among the four, one will produce solar photovoltaic modules.

State-owned Hualu is controlled by China National Chemical Engineering Company Ltd and provides services in technology, research, development, and consultancy. As per the reports, RIL may buy the solar module manufacturer REC Group.

Reliance generated over half of its revenue from refining and chemicals, now stressing over clean energy with the plan of setting up Dhirubhai Ambani Green Energy Giga Complex in Jamnagar across a 5,000 acres land, announced by Ambani in a general meeting.

Besides the solar photovoltaic module Giga factory, RIL plans to set up Giga factories for fuel cells, electrolyzers and energy storage. The company also plans to set up 100 GW solar energy by 2030.

Currently, the domestic manufacturing capacity of India is 3 GW for solar cells and 15 GW for solar modules. Solar companies of China like Trina Solar Limited, Jinko Solar, Chint Solar, ET Solar, and GCL-Poly Energy Holdings Limited are dominating the solar equipment market.

To check Chinese imports, India has imposed basic customs duty from 1st April 2022 on solar cells and solar modules imports from China.

Earlier, PM Narendra Modi announced that India aims to end its imports on all equipment, such as solar panels, among others, and began a self-reliance campaign. Vice President M Venkaiah Naidu also called for domestic production of solar modules and solar photovoltaic cells on Monday.

Image Source

Also read: RIL shows interest in govt’s subsidy program for solar sector

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..