Reliance: Reliance intensifies green push with રોકાણ 80 billion investment in Gujarat

Bengaluru: Reliance Industries It said it would invest Rs. 5.95 trillion ($ 80.49 billion) as it aims to achieve net-zero carbon emissions by 2035.
Owned by a billionaire Mukesh Ambani, The group unveiled plans last year to reduce its reliance on its core oil-to-chemicals business and to invest in clean energy projects to brush up its green identity.
The move is part of a larger renewable shift in the energy industry driven by pressure from investors who want companies to do more to help fight climate change.
Reliance has allocated Rs. It will invest Rs 5 lakh crore and has started looking for land for the project, it said in a filing to stock exchanges on Thursday.
The remaining amount will be spent on installing solar modules, fuel cell and energy storage batteries as well as investing in existing projects and new ventures over the next three to five years.
Reliance to upgrade its Jio telecom network for Rs. 7,500 crore and Rs. Will invest Rs 3,000 crore.
“These projects (in Gujarat) will create 10 lakh (1 million) direct / indirect employment opportunities.” Reliance Said.
The company operating the world’s largest refining complex in the city of Jamnagar already has a huge footprint in Gujarat.
Earlier in the day, Adani Group, another Indian conglomerate, and Posco, a South Korean steel leader, said they aimed to invest about $ 5 billion in projects including setting up an integrated steel mill in Gujarat.


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