After setting up the world’s largest refining complex, Jamnagar has once again been in focus of Reliance Industries Ltd as the RIL chairman Mukesh Ambani unveiled plans for launching a new initiative for renewable energy business from there at the 44th Annual General Meeting of the company. Ambani said the company has started work on developing the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres of land in Jamnagar. This will include solar manufacturing facility, battery factory, fuel cell-making factory and an electrolyzer unit.
It will be amongst the largest such integrated renewable energy manufacturing facilities in the world, Ambani said while adding, “Jamnagar was the cradle of our old business strategy. Jamnagar will also be the cradle of our new business strategy.” Over the next three years, RIL plans to invest over £6 billion in renewable energy business which includes setting up four giga factories near Jamnagar. Ambani said his oil-to-telecom conglomerate will invest another £1.5 billion to provide infrastructure and utilities to manufacturing ancillary materials and equipment needed to support the four giga factories.
The company will also build a facility for the production of solar energy where RIL will build an integrated solar photovoltaic module factory. Another factory will be for the storage battery while the third facility will be for production of green hydrogen that can be used as a fuel in automobiles. The fourth will be a fuel cell factory for converting hydrogen into motive and stationary power, according to Ambani.
For FY21 RIL’s consolidated total revenues were £53.92 billion. Around 60% of the total revenues for this period came from O2C segment, a strategy adapted by the company two years ago for Jamnagar, said sources. The company’ Jamnagar complex will provide infrastructure and utilities to manufacture ancillary material and equipment needed to support these Giga factories so that all critical materials are available in time.
