RIL to operationalise new energy ops in 4-6 quarters

On its progress on the new energy projects, including the production of green hydrogen, RIL has started commissioning and completing a number of its plants and rest of the manufacturing is in full swing
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AMIT DAVE

Reliance Industries will be fully operationalising its new energy business in the next four to six quarters, including the manufacturing and starting the generation on the clock and the green chemicals.

“New energy is effectively our next growth engine for Reliance,” said Karan Suri, senior vice president, new energy during the company’s analyst presentation. The new energy platform will become self-funded platform through its profitability as well as monetization and “it will deliver a perpetual perennial growth for Reliance and our shareholders,” he added.

The company has already started making HJT solar modules, “one of the largest in the size for the utility scale, one of the most efficient and we are not stopping there, we are still continue to progress on the technology, innovating, increasing efficiency, reducing the cost,” he said.

It is also setting up the manufacturing for electrolysers, using the alkaline technology.

“On our energy generation projects, we have started execution, we are mobilizing the resources at the site. And our plan is to do just in-time installation of the modules straight from the delivery by from Jamnagar to the foundation at our generation sites,” said Suri.

The plan is to instal around 50 megawatt of modules each day, 175-megawatt hour batteries each day at fully operational scale. For this it is setting up a dedicated captive transmission from Kutch to Jamnagar to get the energy to its Jamnagar requirements as well as the growth businesses that it is doing in Jamnagar.

The company is also on target to achieve 55 compressed biogas plants by the end of this year, it said.

Key reasons

“One of the key reasons for us to get into new energy is obviously to provide the energy security at affordable cost for our entire group’s captive requirements, which are growing as we are speaking and as you have witnessed in various business presentations, as well as for the third party requirements for India’s growing energy requirements to sustain its economic growth,” he said.

RIL has also started receiving proposals from investors to participate in these projects.

“And once we have operationalized this new energy ecosystem, we will obviously pursue some of these win-win partnerships where we will invite and get investments from some of the partners who also commit on the off-take, especially when it comes to green chemicals.”

Published on July 20, 2025