RIL to invest Rs 750 billion in three years in new energy business

Reliance Industries Limited (RIL) plans to invest Rs 750 billion in setting up four factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years.  

These four factories will involve an investment of Rs 600 billion. The additional Rs 150 billion will be invested in the value chain, partnerships and future technologies, including upstream and downstream industries. The company will set up 100 GW of solar power generating capacity. The plan to build four factories is to manufacture and integrate all critical components of new energy ecosystem – solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory.

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