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Reliance Industries planning to invest Rs 75,000 crore for setting up four 'Giga' factories
Jun-24-2021

Reliance Industries is planning to invest Rs 75,000 crore in setting up four 'Giga' factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years. The company will set up 100 GW of solar power generating capacity. The company is planning to build four Giga Factories to manufacture and integrate all critical components of new energy ecosystem solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory.

These four factories will involve an investment of Rs 60,000 crore. The company will invest an additional Rs 15,000 crore in the value chain, partnerships and future technologies, including upstream and downstream industries. Thus, overall investment in the new energy business will be Rs 75,000 crore in 3 years.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

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