Skip to content

Ambani May Double Investment in Clean Energy Manufacturing

  • Reliance plans solar module capacity of 20 gigawatt by 2026
  • Ambani speaks to shareholders at annual general meeting
Mukesh Ambani speaks via live stream during the annual general meeting in Mumbai, India.

Mukesh Ambani speaks via live stream during the annual general meeting in Mumbai, India.

Photographer: Dhiraj Singh/Bloomberg
Updated on

Reliance Industries Ltd. will consider doubling its investment in clean energy hardware manufacturing once current plans are achieved, as Chairman Mukesh Ambani pushes his conglomerate to become a major force in India’s green power expansion.

Reliance last year unveiled a 750 billion-rupee ($9.4 billion) plan to build four factories at Jamnagar, home to its petroleum refining complex, to make solar panels, electrolyzers, fuel cells and batteries. “Once proven at scale, we are prepared to double the investment to scale up our manufacturing ecosystem,” Ambani told shareholders at the company’s annual general meeting Monday.