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Reliance Unveils Dual Strategy: O2C Strengthening and Renewable Energy Push

Reliance Industries Ltd (RIL) has unveiled an ambitious dual-track strategy, strengthening its Oil-to-Chemicals business while aggressively investing in renewable energy, particularly solar and green hydrogen. At its 48th AGM, Mukesh and Anant Ambani detailed plans to expand solar manufacturing at Jamnagar to 20 GW annually, supported by a massive 5.5 lakh-acre project in Kutch that could meet 10% of India’s power demand within a decade.

The company is also building an electrolyser giga factory to be operational by 2026, targeting green hydrogen production at under $1/kg and scaling capacity to 3 MTPA by 2032. Mukesh Ambani emphasized that this transition aims to make India energy self-reliant while balancing security, affordability, and sustainability.

Alongside, Reliance Foundation announced new healthcare initiatives, including a cancer care wing and a 2,000-bed medical city in Mumbai. Separately, Reliance Retail, led by Isha Ambani, will invest Rs40,000 crore in integrated AI-driven food parks and consolidate its consumer brands under RCPL, which already boasts rapid growth, including Campa Cola’s market breakthrough and Independence brand’s Rs1,000 crore revenue milestone. The group aims to rival FMCG leaders by tapping into India’s $2 trillion consumption market.