Big move by Mukesh Ambani as Reliance is building 3 big factories in..., solar panels will be ready by...
In a major move, one of the world's richest men, Mukesh Ambani's company Reliance Industries Limited (RIL) will start its solar photovoltaic modules factory this year. Parth P Maitra, President of Strategy and Initiatives at RIL, stated that the company is going to build three big factories. 'We are building three big factories… These factories will produce clean energy-related needs,' Maitra said. Notably, after falling behind in the year 2022, India is trying to meet its clean energy target, and Reliance could help the country achieve its target. Target To Increase Capacity To 20 GW Annually
It is to be noted that, in recent years, India has increased its investments in clean energy, targeting 500 GW by 2030. But to achieve its target capacity additions will have to be doubled in the next five years, says a report by the Global Energy Monitor. Maitra has said that Reliance aims to increase the solar module capacity to 20 GW per year. He added that the company will start its battery and micro power electronics factory by 2026. No. 2 In Making Solar Panels
Parth P Maitra said that if everything goes as per the plan, India will become No. 2 in the world in making solar photovoltaic modules (solar panels). 'We will produce about 14 percent of the total solar photovoltaic modules outside China,' Maitra said.
Currently, shares of Reliance Industries are trading at Rs 1409.60 with a decline in BSE on Thursday. So far this year, the shares of the company have increased by more than 15 percent, giving good returns to the investors.
In the last five years, the shares of Reliance Industries have seen a rise of more than 115 percent. The 52-week high level is Rs 1608.95. At the same time, the 52-week low level of the company's shares is Rs 1115.55.
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