Sunday, February 25, 2024
Digital Vs Print Media

Reliance to invest Rs 5.95 lakh Cr in green energy, other projects in Gujarat

Subscribe to YouTube Channel

Subscribe to Mojo4Industry YouTube Channel and get Latest Industry Updates. Do press Bell Icon to get automated notifications whenever new video is uploaded.

Must Read

Hectronic India | Exclusive from EXCON 2023

Hectronic India | Exclusive from EXCON 2023 Watch this exclusive coverage from EXCON 2023 featuring Hectronic India. Delve into the...

TRUMPF to display its advanced 3D printing software at EMO Hannover 2023

TRUMPF to display its advanced 3D printing software at EMO Hannover 2023 High-tech company TRUMPF recently made improvements to its...

Shruti Haasan launches Fybros Fans

Shruti Haasan launches Fybros Fans Fybros, a prominent player in the electrical manufacturing industry, recognized for its emphasis on quality...

Reliance to invest Rs 5.95 lakh Cr in green energy, other projects in Gujarat

Reliance Industries Limited (RIL) signed MoU with the Gujarat government for a total investment of Rs 5.955 lakh crore as part of Investment Promotion Activity for Vibrant Gujarat Summit 2022. According to RIL, these projects will create 10 lakh direct and indirect employment opportunities in the State.

“To make Gujarat net zero and carbon free, RIL proposes to invest Rs 5 lakh crore in the State over the span of 10 to 15 years to set up 100 GW renewable energy power plant and green hydrogen eco-system development. RIL will develop an eco-system for assisting small and medium enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of renewable energy and green hydrogen,” the company said in a statement.

In consultation with Gujarat government, RIL has started the process of scouting land for 100 GW renewable energy power project in Kutch, Banaskantha and Dholera. The company has requested for 4.5 lakh acres of land in Kutch.

RIL also plans to invest another Rs 60,000 crore in setting up new energy manufacturing-integrated renewable manufacturing of solar PV module (polysilicon, wafer, cell & module), electrolyzer, energy-storage battery and fuel cells.

Further Rs 25,000 crore investments will be made by RIL in existing projects and new ventures over next 3 to 5 years. RIL has also proposed to invest Rs 7,500 crore over 3 to 5 years for Jio Network upgradation to 5G and another Rs 3,000 crore over 5 years in reliance retail.

Subscribe to our Newsletter

Keep up with the latest industry news in India and around the world by subscribing to our industrial news update. This way, you'll always be in the know about what's happening in your industry, and you can stay ahead of the competition.

Digital Vs Print Media
mojo4industry on google news

Tech Talks

Panvel Bound Flyover at Shil Phata Junction Opens

Panvel Bound Flyover at Shil Phata Junction Opens The Panvel Bound Flyover at Shil Phata Junction on NH-48 (Old Mumbai...
hm24 socials energizing story 1080x1920px gb mlogo
mojo4industry podcast episodes click here to listen