A Green Energy Project by Reliance Industries:
Welcome to Financepenny’s new blog. Recently, the AGM of Reliance Industries was held on 24 Jun 2021. In this AGM, Mukesh Ambani talked about many new projects and new launches.
(Annual General Meeting) The company’s shareholders are given information about the company’s future plans, profit-loss, sales, planning in the AGM. If anyone holds a single share or more than one share of the company, then he is a shareholder of the company.
Mukesh Ambani has made a big announcement in this AGM. This can be very beneficial for India and Reliance Industries.
Renewable Energy project by Reliance industries announced in AGM 2021:
By the way, Two most significant announcements were made in the AGM. One announcement of technology, Reliance is about to launch its new world’s cheapest smartphone. And the second announcement was made on the business of his oil and power.
Green Energy Project by Reliance Industries:
Reliance Industries does a massive business in the oil and power sector in India. And Reliance Industries is the top company in India by the market cap of ₹ 1,396,892 Cr. The mega plan announced on Renewable Energy in AGM.
Dhirubhai Ambani Green Energy Giga Complex to be built in Jamnagar on 5000 acres, in which 4 Giga factories will be set up. The plants of solar photovoltaic, hydro cell and batteries.
Reliance Industries is going to invest a huge amount in this project. Investment is about 75000 crore rupees in the coming Three years. These few plans were mentioned in the AGM June 2021.
This is a massive Reliance project, and it is essential to know what difference this project will make in the company, in the country, in the shareholders and in the sector. There are many solar power production companies in India, and now if Reliance also enters this power sector, then India can see a good increase in Green power production.
Targets Of Reliance Renewable Energy Project:
Reliance Industries is making more focus on new energy Project. The company has a target of producing 100 GW of solar energy by 2030. And it is also said that in the coming 15 years we will become a net-zero carbon company. O2C business will benefit from the new green vision from this project.
Who is in the present making of renewable energy in INDIA:
Adani Green is an Adani Group company that is doing well in renewable energy production in India. The Adani Group company in Renewable Energy will be a competitor of Reliance Industries in renewable Energy production. Reliance’s renewable project will come in a few years, so there is no major competitor to Adani Green right now.
In coming time if India produces renewable energy well, pollution can be under control. And if we talk about power production companies, both are Indian companies, so it is Excellent.