IMG.gif

India's Reliance Upbeat

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

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.

Topics:
Hydrogen, Renewable Electricity , Energy Storage, Corporate Strategy
Wanda Ad #2 (article footer)
#
Geopolitical turmoil has altered how oil companies are thinking about the energy transition, with both fresh hesitations and fresh motivations.
Wed, Oct 5, 2022
As more countries explore carbon markets, it's important to first earn “buy in” from stakeholders, says Stefano De Clara of the International Carbon Action Partnership.
Wed, Oct 5, 2022
Energy Intelligence lays out five areas to monitor for changes in the pace and shape of the energy transition.
Thu, Sep 29, 2022