Reliance Industries Ltd (RIL), led by Mukesh Ambani, has announced plans to invest Rs 750 billion each into its new energy business and petrochemical expansion initiatives, according to a recent company presentation.
In its financial year 2025 results statement, Ambani highlighted that the group had laid a strong foundation for its renewable energy and battery manufacturing projects.
鈥淚n the coming quarters, we will transition from incubation to operationalisation. Our new energy business will create significant value for Reliance, India, and the world,鈥� Ambani stated.
Reliance has commissioned a one gigawatt (GW) heterojunction (HJT) solar module manufacturing facility, with plans to expand to a fully integrated 10 GW capacity by 2026. This scaling effort is expected to contribute an additional Rs 60 billion to the company鈥檚 earnings before interest, taxes, depreciation, and amortisation (EBITDA).
The company anticipates that profits from its new energy vertical could match those from its traditional oil-to-chemicals (O2C) segment between financial years 2029 and 2031. Over time, the new energy segment is projected to contribute more than half of Reliance鈥檚 consolidated profit after tax.
Reliance Chief Financial Officer V Srikanth noted that the company's period of heavy capital expenditure on Jio is now largely complete, with new investments focused on scaling up its giga factories. "Between what we have spent and committed, we are nearly at the Rs 750 billion mark for new energy already," Srikanth added, indicating that future capital expenditure would be more measured and aligned to revenue growth.
Company officials confirmed significant progress across various new energy projects. Engineering for the full solar value chain 鈥� covering polysilicon, cell modules, glass, and POE production 鈥� is complete. Equipment procurement is underway, and construction is progressing at multiple sites. All factories are expected to be commissioned by late 2025 or early 2026, with production ramping up soon after.
In battery technology, Reliance is advancing large-format lithium iron phosphate (LFP) batteries aimed at utility-scale energy storage. Construction has commenced, with plans to begin battery pack production by 2026, followed by full-scale cell manufacturing. The integrated supply chain will cover materials, cells, and battery packs, targeting 30 GW of annual production capacity.
Reliance has already operationalised its first gigawatt-scale solar module line, producing modules rated up to 720 watt-peak鈥攁mong the highest outputs commercially available. The solar manufacturing facility is designed to scale rapidly from 10 GW to 20 GW, if market demand requires.
In the renewable energy generation segment, Reliance has secured vast tracts of land in Gujarat鈥檚 Kutch region, capable of supporting the generation of up to 150 billion units of electricity annually. Deployment of solar panels is scheduled to scale in line with manufacturing expansion.
To support these operations, a dedicated transmission line from Jamnagar is under construction. Meanwhile, in Kandla, Reliance has acquired 2,000 acres to develop a green hydrogen ecosystem, anchored by an electrolyser manufacturing joint venture with Norway鈥檚 Nel ASA.
Senior executives emphasised that Reliance鈥檚 new energy platform is unique in its full end-to-end integration鈥攆rom solar manufacturing to battery storage to green hydrogen production鈥攄elivering seamless technological synergy.
The expansive new energy complex, spread over 5,000 acres, is equipped with advanced automation and manufacturing processes, designed to offer cost efficiencies and high scalability. Reliance reaffirmed that its solar modules are performing strongly and that the group remains confident in its ability to double manufacturing capacity quickly.
Additionally, Reliance plans to scale up its compressed biogas (CBG) operations, supporting its broader clean energy transition strategy.
Reliance Industries Ltd (RIL), led by Mukesh Ambani, has announced plans to invest Rs 750 billion each into its new energy business and petrochemical expansion initiatives, according to a recent company presentation.In its financial year 2025 results statement, Ambani highlighted that the group had laid a strong foundation for its renewable energy and battery manufacturing projects.鈥淚n the coming quarters, we will transition from incubation to operationalisation. Our new energy business will create significant value for Reliance, India, and the world,鈥� Ambani stated.Reliance has commissioned a one gigawatt (GW) heterojunction (HJT) solar module manufacturing facility, with plans to expand to a fully integrated 10 GW capacity by 2026. This scaling effort is expected to contribute an additional Rs 60 billion to the company鈥檚 earnings before interest, taxes, depreciation, and amortisation (EBITDA).The company anticipates that profits from its new energy vertical could match those from its traditional oil-to-chemicals (O2C) segment between financial years 2029 and 2031. Over time, the new energy segment is projected to contribute more than half of Reliance鈥檚 consolidated profit after tax.Reliance Chief Financial Officer V Srikanth noted that the company's period of heavy capital expenditure on Jio is now largely complete, with new investments focused on scaling up its giga factories. Between what we have spent and committed, we are nearly at the Rs 750 billion mark for new energy already, Srikanth added, indicating that future capital expenditure would be more measured and aligned to revenue growth.Company officials confirmed significant progress across various new energy projects. Engineering for the full solar value chain 鈥� covering polysilicon, cell modules, glass, and POE production 鈥� is complete. Equipment procurement is underway, and construction is progressing at multiple sites. All factories are expected to be commissioned by late 2025 or early 2026, with production ramping up soon after.In battery technology, Reliance is advancing large-format lithium iron phosphate (LFP) batteries aimed at utility-scale energy storage. Construction has commenced, with plans to begin battery pack production by 2026, followed by full-scale cell manufacturing. The integrated supply chain will cover materials, cells, and battery packs, targeting 30 GW of annual production capacity.Reliance has already operationalised its first gigawatt-scale solar module line, producing modules rated up to 720 watt-peak鈥攁mong the highest outputs commercially available. The solar manufacturing facility is designed to scale rapidly from 10 GW to 20 GW, if market demand requires.In the renewable energy generation segment, Reliance has secured vast tracts of land in Gujarat鈥檚 Kutch region, capable of supporting the generation of up to 150 billion units of electricity annually. Deployment of solar panels is scheduled to scale in line with manufacturing expansion.To support these operations, a dedicated transmission line from Jamnagar is under construction. Meanwhile, in Kandla, Reliance has acquired 2,000 acres to develop a green hydrogen ecosystem, anchored by an electrolyser manufacturing joint venture with Norway鈥檚 Nel ASA.Senior executives emphasised that Reliance鈥檚 new energy platform is unique in its full end-to-end integration鈥攆rom solar manufacturing to battery storage to green hydrogen production鈥攄elivering seamless technological synergy.The expansive new energy complex, spread over 5,000 acres, is equipped with advanced automation and manufacturing processes, designed to offer cost efficiencies and high scalability. Reliance reaffirmed that its solar modules are performing strongly and that the group remains confident in its ability to double manufacturing capacity quickly.Additionally, Reliance plans to scale up its compressed biogas (CBG) operations, supporting its broader clean energy transition strategy.
