Reliance Industries is accelerating investments across renewable energy, bioenergy, advanced materials and alternative fuels as it positions itself for what Chairman Mukesh Ambani described as India’s emerging energy “supercycle” and seeks to reduce the country’s dependence on imported energy.
Addressing shareholders at the company’s annual meeting, Ambani outlined an integrated energy strategy spanning solar power, batteries, wind energy, hydrogen, compressed biogas (CBG), bioenergy and underground coal gasification, with the broader objective of strengthening India’s energy security and supporting cleaner energy adoption, PTI reported.
Highlighting India’s continued reliance on imported energy, Ambani said more than 70 per cent of the country’s energy requirements are met through external sources, making the economy vulnerable to geopolitical uncertainty and global price fluctuations.
He said Reliance is developing a broad energy platform designed to expand domestic supply across conventional and emerging energy segments while ensuring affordability and sustainability.
Reliance will continue to invest in exploration and production opportunities alongside its existing operations. Through its partnership with BP, the company currently contributes around 30 per cent of India’s domestic natural gas production along with limited oil output.
The company’s energy expansion is being complemented by investments in higher-value manufacturing projects, including a 3-million-tonne purified terephthalic acid (PTA) plant at Dahej, a carbon fibre facility at Hazira and a 1.2-million-tonne PVC plant at Nagothane.
Reliance is also increasing the use of automation and artificial intelligence in refining operations. Executive Director Anant Ambani said the company intends to transform its Jamnagar complex into what he described as the world’s first fully autonomous refinery.
A major portion of future investment is being directed toward clean energy infrastructure.
According to the company, solar photovoltaic manufacturing has commenced at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, with initial production of nearly 1 gigawatt of heterojunction technology solar modules. Reliance aims to build an integrated annual manufacturing capacity of 20 GW across polysilicon, wafers, cells and modules.
Battery manufacturing is also advancing, with the first phase of a 40 GWh battery cell facility expected to be commissioned this year. Reliance plans to scale this to 120 GWh annually, which could position it among the world’s largest lithium iron phosphate battery producers.
The company is simultaneously developing a renewable energy hub across 5,50,000 acres in Gujarat’s Kutch region, combining solar generation with battery storage. Once completed, the project is expected to generate more than 40 billion units of renewable electricity annually, equivalent to around 3 per cent of India’s current power consumption.
Reliance is also progressing projects in green hydrogen and green chemicals. Anant Ambani said the company has signed a long-term $3 billion green ammonia supply agreement with Samsung C&T and is in discussions with potential buyers across Japan, South Korea and Europe.
Commercial revenue from the solar business is expected to begin this year, while battery manufacturing operations are scheduled to start in FY27. The company expects its New Energy business to begin contributing meaningfully to financial performance from next year.
Reliance estimates that its investments across renewable energy, battery manufacturing, green fuels and compressed biogas could create nearly 200,000 jobs over time as India advances toward a cleaner and more self-reliant energy system.
