RIL targets 100 GW renewables by 2030

30 Aug 2023 CW Team

He stated that the company was focusing on expediting its progress towards achieving Net Carbon Zero by 2035. According to Ambani, this approach would lead to a reduction in energy expenses and enhanced profitability for the O2C business.

In order to realise this objective, the company was making satisfactory advancements in deploying the committed capital of Rs 750 billion to establish its new energy manufacturing ecosystem. A crucial element of Reliance's green energy initiative was the rapid implementation of the Dhirubhai Ambani Green Energy Giga Manufacturing Complex at Jamnagar.

Ambani assured that the facility would be introduced in phases by the conclusion of 2025. The facility would be responsible for the production of various components including PV modules, cells, wafers, polysilicon, and glass.

Ambani's speech also highlighted the company's entry into the realm of large-scale carbon fiber manufacturing, which would aid in the development of a cost-effective wind power generation infrastructure.

He emphasised that the primary project on the agenda was the establishment of a battery giga factory by 2026. This facility would be engaged in the manufacturing of battery chemicals, cells, and packs. Furthermore, the company aimed to bring sodium-ion battery technology into the commercial sphere and demonstrate the integration of energy storage with wind and solar power generation on a megawatt scale in Jamnagar by 2025. Subsequently, there were plans to swiftly expand this to a giga scale.

Touching on the subject of Green Hydrogen, Ambani informed the shareholders that they could now confidently outline the path toward achieving their targeted cost for electrolysers, and subsequently, Green Hydrogen. There were also plans for a fully integrated and automated giga-scale electrolyser manufacturing facility. This aligns with Reliance's overarching objective of achieving large-scale Green Hydrogen production at Jamnagar.

Also read:
ADB funds Rs 1.2 billion loan for Fourth Partner Energy
Kerala power minister adopts alternative smart metre model

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries (RIL), announced at the recent Annual General Meeting (AGM) that RIL was aiming to accelerate and enable the installation of a minimum of 100 GW of renewable energy generation by 2030. He stated that the company was focusing on expediting its progress towards achieving Net Carbon Zero by 2035. According to Ambani, this approach would lead to a reduction in energy expenses and enhanced profitability for the O2C business. In order to realise this objective, the company was making satisfactory advancements in deploying the committed capital of Rs 750 billion to establish its new energy manufacturing ecosystem. A crucial element of Reliance's green energy initiative was the rapid implementation of the Dhirubhai Ambani Green Energy Giga Manufacturing Complex at Jamnagar. Ambani assured that the facility would be introduced in phases by the conclusion of 2025. The facility would be responsible for the production of various components including PV modules, cells, wafers, polysilicon, and glass. Ambani's speech also highlighted the company's entry into the realm of large-scale carbon fiber manufacturing, which would aid in the development of a cost-effective wind power generation infrastructure. He emphasised that the primary project on the agenda was the establishment of a battery giga factory by 2026. This facility would be engaged in the manufacturing of battery chemicals, cells, and packs. Furthermore, the company aimed to bring sodium-ion battery technology into the commercial sphere and demonstrate the integration of energy storage with wind and solar power generation on a megawatt scale in Jamnagar by 2025. Subsequently, there were plans to swiftly expand this to a giga scale. Touching on the subject of Green Hydrogen, Ambani informed the shareholders that they could now confidently outline the path toward achieving their targeted cost for electrolysers, and subsequently, Green Hydrogen. There were also plans for a fully integrated and automated giga-scale electrolyser manufacturing facility. This aligns with Reliance's overarching objective of achieving large-scale Green Hydrogen production at Jamnagar. Also read: ADB funds Rs 1.2 billion loan for Fourth Partner Energy Kerala power minister adopts alternative smart metre model

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..