Reliance Commits ₹75,000 Crore Each to New Energy & Petrochem Expansion

Mukesh Ambani-led Reliance Industries Ltd (RIL) plans to invest Rs 75,000 crore (USD 9 billion) each in its new energy segment and petrochemical expansion, as per its FY25 results presentation.

The company has already commissioned a 1 GW heterojunction (HJT) solar module facility and aims to scale it to 10 GW by 2026. RIL anticipates that its new energy business could match or even surpass earnings from its core oil-to-chemicals (O2C) division between FY29 and FY31.

In battery technology, Reliance is focusing on lithium iron phosphate (LFP) batteries for utility-scale storage. Construction of cell and battery material manufacturing units is underway, with production expected to begin in 2026. The company has completed engineering across the solar and battery value chains, secured long-lead equipment, and is actively building facilities.

Its BIS-certified solar modules, capable of delivering up to 720 watt-peak, are designed for rapid scalability—up to 20 GW annually if needed.

With a robust foundation in renewable energy and battery solutions, Reliance expects these new ventures to move from incubation to full-scale operations in the near future.

News by Rahul Yelligetti.