India's Reliance Upbeat

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The head of India's Reliance Industries conglomerate has said that its nascent Green Energy business could start to "outshine" its current growth engine businesses within half a dozen years or so. "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," Reliance Chairman Mukesh Ambani said in a foreword to the company's 2021-22 annual report. "This new growth engine holds great promise to outshine all our existing growth engines in just 5-7 years," he added. Ambani did not define what he meant by outshine, but Reliance's three current growth engines — Digital, Retail and Oil to Chemicals — all generate substantial revenue and earnings.

Hydrogen, Renewable Electricity , Energy Storage, Corporate Strategy
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