changeadminToday, Reliance Industries held its 48th Annual General Meeting (AGM), where Chairman Mukesh Ambani addressed the shareholders.
The chairman highlighted the company’s financial achievements and breakthroughs made in telecom, consumer business, retail, oil and gas. The announcement of Reliance Telecom’s potential stock market listing of its business, Jio, in 2026, was one of the major developments at the meeting.
We will focus on the announcements and updates made about the Reliance Green Energy business.
In June 2021, Reliance Industries announced its major foray into the new and green energy business, a $10 billion investment over three years to build a comprehensive renewable energy ecosystem with gigafactories dedicated to solar, battery, hydrogen, and fuel cell technologies in Jamnagar, Gujarat.
Change Started has been tracking this progress since then. Read here.
The primary reasons for this strategic pivot were to decarbonise the company’s operations, become net carbon zero by 2035, and position itself as a leader in India’s and the world’s sustainable energy transition.
The company is building gigafactories for solar photovoltaic modules, batteries (for energy storage), electrolysers (for green hydrogen), and fuel cells.
This year, Anant Ambani, the youngest son of Mukesh Ambani, made his debut address at the AGM. Anant Ambani is driving the expansion of Reliance Energy businesses, with a major focus towards renewable and green energy.
Anant Ambani highlighted that Reliance’s progress on the solar PV manufacturing platform is operational with 200 MW of Heterojunction Technology (HJT) solar modules. He added that HJT modules deliver 10% higher energy yield, 20% better temperature performance, and 25% lower degradation.
In the coming quarters, the company plans to expand its fully integrated annual solar PV manufacturing capacity to 10 GWp per annum and further scale to 20 GWp capacity. This will be the largest solar manufacturing facility and the most integrated single-site solar complex globally.
In parallel, the company is constructing battery and electrolyser gigafactories, which are expected to start in 2026. The battery Giga factory will start with 40 GWh per year capacity and expand modularly to 100 GWh per year.
The electrolyser giga factory will produce cost-competitive green hydrogen production at a global scale, backed by exclusive global technology partnerships and in-house capabilities.
Anant mentioned that these platforms create a multi-pronged, gigawatt-scale clean energy ecosystem – Solar, Battery storage, Hydrogen – all under one roof.
“This integrated approach delivers scale. It also builds a sustainable competitive moat – in cost, in technology, and in supply chain resilience – and positions Reliance to capture significant value as the global energy transition accelerates.”
He added that Reliance is developing one of the world’s largest single-site solar projects spanning 5,50,000 acres of arid land – three times the size of Singapore. At peak, the company will deploy 55 MW of solar modules and 150 MWh of battery containers every day.
Anant highlighted that this will be among the fastest installations globally, and this single site could meet nearly 10% of India’s electricity needs within the next decade.
He also spoke about the company’s goal to integrate marine and land infrastructure at Jamnagar and Kandla with solar and hydrogen at Kutch, Gujarat.
Reliance green energy business plans include producing and exporting green ammonia, green methanol, and sustainable aviation fuel. The initial focus will be meeting Reliance’s own large captive demand and then scaling up to 3 MMTPA of green hydrogen equivalent production capacity by 2032, thereby expanding into global markets.
Reliance has also entered the Bio Energy business to help India achieve energy independence and empower millions of farmers as “Urja Daatas” – Energy Producers. The company mentioned that they are building 55 Compressed Biogas (CBG) plants with an annual capacity of 0.5 million tonnes, with a target to scale up to 500+ CBG plants by 2030.
At Jamnagar, Anant Ambani mentioned that Reliance has set up the world’s largest Bioenergy Technology and R&D Centre. The company is developing advanced enzymes, microbial consortia, and high-yield energy crops to boost biogas productivity.
Reliance green energy ambitions also include building the world’s first integrated energy hub, combining smart farms, modular CBG and green hydrogen plants, agrivoltaics, and batteries.
As part of the agrivoltaics business, CBG and solar PV are deployed on the same land. By capturing biogenic CO from CBG plants, these hubs will become platforms for green chemicals, 2 aiming at fossil parity.
In the end, Anant concluded his speech, alluding to the benefits Reliance bio energy business can provide to Indian farmers: “This model creates triple value for Indian farmers – green gas, green electricity, and higher rural incomes. It will be a powerful growth engine for India’s clean energy future.“
Earlier in his opening remarks, Mukesh Ambani, Chairman, mentioned, “At Reliance, we see these three convergent transformations not as distant possibilities, but as immediate opportunities for India. Therefore, we are building the world’s most advanced Clean Energy ecosystems.“
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