India’s oil-to-telecoms conglomerate Reliance Industries plans to invest more than US$10 billion in three years in a new business unit that will build solar module, battery storage, electrolyser, and fuel cell factories, chairman Mukesh Ambani told the group’s annual general meeting on Thursday. Reliance Industries is the most valuable company in India and has diversified operations, including oil refining. Reliance Industries owns the biggest refinery in India and the biggest refining hub in the world, Jamnagar. The refinery has a crude oil processing capacity of 1.24 million barrels per day, while Reliance Industries is also invested in oil exploration and production, petrochemicals, textiles, telecoms, and retail. As part of a drive to be part of India-made energy transition solutions, Reliance will now create a renewables division in which it will invest US$10.1 billion (750 billion Indian rupees) in three years, Ambani said today. Reliance plans to build the Dhirubhai […]