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Mukesh Ambani Driving $75 Billion Green Bet as Scions Helm Other Reliance Units

  • Overseeing green business’s strategy, M&A, seeking investors
  • More mature Reliance businesses to be helmed by his children
Mukesh Ambani

Mukesh Ambani

Photographer: Prakash Singh/Bloomberg
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Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd., will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses. 

The 65-year-old will oversee strategy, including the building of gigafactories and blue hydrogen facilities, will assess acquisition targets, and is talking to potential investors, the people said, asking not to be named as the information isn’t public. Ambani last year unveiled plans to spend $75 billion on clean energy projects over the next 15 years.