Reliance considers bid for Centre's solar incentives in green push

Reliance said last month it plans to build factories to produce solar components, energy storage batteries, electrolysers for making green hydrogen and fuel cells.

Billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering a bid for Indian government incentives for solar power manufacturing, as the fossil-fuels giant begins a $10 billion push into clean energy, according to people familiar with the plans.

Reliance, India’s most valuable company, attended a pre-bid meeting held last month to discuss the subsidy program, the people said, asking not to be named as the information is private.

The talks underline Ambani’s ambitions for the company to make rapid growth in renewable energy to supplement its existing businesses. Reliance said last month it plans to build factories to produce solar components,