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Reliance on a buying spree to achieve its renewable energy goals

In AGM 2022, Ambani said that they would "accelerate" the company's commitment to investing Rs 75,000 crore towards establishing a New Energy manufacturing ecosystem in Jamnagar

RIL
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Raghav Aggarwal New Delhi
Mukesh Ambani, chairman of Reliance Industries Limited (RIL), in the annual general meeting (AGM) 2022, told the investors that the company will establish a 20 GW solar energy plant by 2025 and a 100 GW plant by 2030.

In 2021, RIL had set aside Rs 75,000 crore to pivot towards the renewable energy sector. In AGM 2022, Ambani said they would "accelerate" the company's commitment to investing Rs 75,000 crore towards establishing a New Energy manufacturing ecosystem in Jamnagar.

"We aim to progressively commence transition from Grey Hydrogen to Green Hydrogen by 2025," Ambani said.

However, RIL had already started

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