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India’s Billionaire Ambani Says Green Push to ‘Outshine’ Other Reliance Businesses

  • Green projects to start scale up over the next couple of years
  • Reliance Jio has done 5G coverage planning for 1,000 cities
Mukesh Ambani

Mukesh Ambani

Photographer: Simon Dawson/Bloomberg
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Reliance Industries Ltd., which pledged to spend $76 billion on green energy, will scale up investments in the area as its billionaire owner, Mukesh Ambani, seeks a strong foothold in the sector where competition is heating up.

“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,” Ambani, Reliance’s chairman, said in the annual report for the financial year that ended March 31. “This new growth engine holds great promise to outshine all our existing growth engines in just 5-7 years.”