"From Oil to Clean Energy – Reliance Powers India’s Green Future"

RIL to Invest ₹75,000 Crore in O2C, Targets 20-GW Solar Module Capacity by 2026.                                                                                                                               

Reliance Industries Ltd (RIL) will invest ₹75,000 crore in its oil-to-chemicals (O2C) business while rapidly scaling up its clean energy initiatives, Chairman Mukesh Ambani announced at the 48th AGM. The O2C business reported revenues of ₹26,26,921 crore in FY25, with EBITDA of ₹2,54,988 crore and record crude processing of 72.2 million tonnes at full capacity. RIL plans new petrochemical capacities, including a 1.2 MT PVC plant at Nagothane, a 3 MT PTA facility at Dahej, and a carbon fibre plant at Hazira, among the world’s largest. On new energy, Ambani said RIL is building giga factories in Jamnagar for solar modules (20 GW by 2026), battery systems (40–100 GWh), and electrolysers (3 GW). A massive 5,50,000-acre solar project in Kutch will eventually meet 10% of India’s electricity demand. RIL is also setting up 55 compressed biogas plants, scaling to 500 by 2030. Ambani said new energy could rival O2C in 5–7 years.