RIL's giga-sized green game plan bets heavily on inorganic growth

By swiftly tying up deals on the basics - manufacture, storage, construction - the petroleum giant has taken the first significant step toward meeting its clean energy goals

Next month, when the global community sits down to plan the clim­ate change agenda and the fun­ding challenges at the United Na­tions Climate Change Conf­erence (COP26), India’s biggest petroleum company in the private sector would have made a well-heeled entry into the green energy space. Reliance Indus­t­ries Ltd (RIL) unveiled its ambit­ion for a greener business fut­u­re only at its June 24 annual ge­neral meeting but it has done at least three deals related to so­lar manufacturing, storage, construction and green mobility in less than four months (see box).

The RIL game plan bets big on inorganic growth and is