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Anant Ambani highlights Reliance’s rapid progress in new energy business

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Anant Ambani highlights Reliance’s rapid progress in new energy business

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Anant Ambani highlights Reliance’s rapid progress in new energy business
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Athira Sethu

Kochi, 20 June 2026

At Reliance Industries’ 49th Annual General Meeting, Executive Director Anant Ambani outlined significant progress in the company’s new energy business, highlighting advancements in solar manufacturing, battery storage, renewable power generation, and green hydrogen. As Reliance positions itself to address India’s energy security, affordability, and sustainability challenges, the company is scaling up investments across the clean energy value chain, aiming to build one of the world’s most integrated green energy ecosystems.

Key AreaLatest DevelopmentSignificance
Green Energy Giga ComplexCommissioned the Dhirubhai Ambani Green Energy Giga Complex at JamnagarEstablishes a 5,000-acre integrated clean energy manufacturing hub
Strategic FocusExpansion across solar, batteries, renewable power, and green hydrogenSupports India’s transition to sustainable energy

Solar Manufacturing Progress

MetricStatus/Performance
Solar PV Cell & Module LinesCommissioned and operational
HJT Modules ProducedNearly 1 GW
Energy Yield Improvement2% higher than conventional modules
Temperature Performance15% better than conventional modules
Module Degradation25% lower than conventional modules

Battery Manufacturing Expansion

MetricCurrent Status
Integrated Battery Manufacturing Capacity Target20 GW per year
Products to be ManufacturedPolysilicon, ingots, wafers, cells, modules, and glass
Cell Factory Capacity (Phase 1)40 GWh
Commissioning TimelineExpected during FY27
Equipment StatusFully delivered to site
Revised Annual Capacity Commitment120 GWh

Expected Impact of Battery Expansion

AreaPotential Benefit
Electric VehiclesIncreased battery availability
Data CentresEnhanced energy storage solutions
Industrial EquipmentPotential demand growth
Energy Storage SystemsImproved grid and renewable integration

Renewable Energy Hub Development

MetricDetails
Land Allocated550,000 acres
ObjectiveDeliver round-the-clock renewable power at gigawatt scale
Core TechnologiesSolar generation and battery storage
Annual Green Electricity Output (Target)Over 40 billion units
Share of India’s Annual Electricity DemandApproximately 3%
Cost PositioningAims to be among the world’s lowest-cost green power sources

Green Hydrogen and Green Chemicals

MetricStatus
Alkaline Electrolyser GigafactoryOn track for commissioning
Green Products PlannedGreen hydrogen, green ammonia, green urea, UAN fertilizers
Commercial StrategyMonetisation through green molecule production

Major Green Ammonia Agreement

DetailInformation
PartnerSamsung C&T
Contract Value$3 billion
ProductGreen ammonia
Contract TypeLong-term supply agreement
Global SignificanceAmong the world’s largest green ammonia offtake agreements

Green Hydrogen Growth Roadmap

MetricTarget
Export Markets Under DiscussionJapan, South Korea, Europe
Green Hydrogen Equivalent Chemicals Capacity3 million metric tonnes
TimelineNext 10 years
Strategic ObjectiveAchieve commercial competitiveness in green hydrogen

Market Reaction

MetricValue
Reliance Share Price (June 19, 2026 Close)₹1,309.50
Previous Close₹1,328.10
Daily Change-1.4%

Snapshot of Reliance’s New Energy Targets

Business SegmentTarget/Capacity
Solar Module ProductionScaling integrated manufacturing ecosystem
Battery Manufacturing120 GWh annual capacity
Renewable Energy Hub40+ billion units of green electricity annually
Green Hydrogen & Chemicals3 million metric tonnes capacity over 10 years
Green Ammonia ExportsSupported by $3 billion Samsung C&T agreement

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