Reliance Industries' ( RIL) ₹1.5 lakh crore new energy business will start contributing to the company's topline and bottom line next year, a senior company official said.
"We are looking to finally start adding to the revenue and Ebitda of Reliance by starting our first production of RERTC next year," Sriram Ramakrishnan, president, battery and energy systems, Reliance Industries, said on an analyst call on Friday. The company is setting up large scale, round-the-clock renewable energy (RE-RTC) projects with hydrogen, wind, solar, fuel cells, and batteries.
RIL has already commissioned four PV module lines, and the first cell line is likely to be commissioned soon. Ramakrishnan added that the company's solar cell gigafactories will be starting up next month at Jamnagar and its first battery factories will begin operations by early next year. The company is also backward integrating the solar cells into wafers and polysilicon and ingot factories.
"So, this is building the complete value chain including glass for the PV modules which again would be one of the largest glass factories in India," he said.
RIL is setting up the Dhirubhai Ambani Green Energy Giga Complex (DAGEC) in Jamnagar. This entails five giga factories for solar and battery.
The company said it has secured all key equipment for phase 1 manufacturing, sourcing globally. The new energy business is crucial as the company has committed to a target of achieving net-zero carbon status by 2035. "We will start with the battery energy storage system gigafactories, followed by the pack factories, which supplies the battery packs for these containerised energy storage systems, and then backward integrate into battery cells," said Ramakrishnan, adding that the company is looking to build a complete manufacturing ecosystem around both solar and battery, which will give it supply chain resiliency as it looks to scale up renewable energy round-the-clock.
In a October 19 report, Kotak Institutional Equities said, "The pace of investment (in new energy business) had picked up in FY2025. With total investment of ₹210-220 billion in FY2025 alone, the total investment was nearly ₹400 billion till FY2025-end.
Additionally, project development across the 550,000-acre solar farm site in Kutch is advancing steadily, it said.
"We are looking to finally start adding to the revenue and Ebitda of Reliance by starting our first production of RERTC next year," Sriram Ramakrishnan, president, battery and energy systems, Reliance Industries, said on an analyst call on Friday. The company is setting up large scale, round-the-clock renewable energy (RE-RTC) projects with hydrogen, wind, solar, fuel cells, and batteries.
RIL has already commissioned four PV module lines, and the first cell line is likely to be commissioned soon. Ramakrishnan added that the company's solar cell gigafactories will be starting up next month at Jamnagar and its first battery factories will begin operations by early next year. The company is also backward integrating the solar cells into wafers and polysilicon and ingot factories.
RIL is setting up the Dhirubhai Ambani Green Energy Giga Complex (DAGEC) in Jamnagar. This entails five giga factories for solar and battery.
The company said it has secured all key equipment for phase 1 manufacturing, sourcing globally. The new energy business is crucial as the company has committed to a target of achieving net-zero carbon status by 2035. "We will start with the battery energy storage system gigafactories, followed by the pack factories, which supplies the battery packs for these containerised energy storage systems, and then backward integrate into battery cells," said Ramakrishnan, adding that the company is looking to build a complete manufacturing ecosystem around both solar and battery, which will give it supply chain resiliency as it looks to scale up renewable energy round-the-clock.
In a October 19 report, Kotak Institutional Equities said, "The pace of investment (in new energy business) had picked up in FY2025. With total investment of ₹210-220 billion in FY2025 alone, the total investment was nearly ₹400 billion till FY2025-end.
Additionally, project development across the 550,000-acre solar farm site in Kutch is advancing steadily, it said.
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