$ 36 billion in 5 years .. Mukesh Ambani master plan ..!
Reliance Industries, led by Mukesh Ambani, decided to enter the new business sector at its annual meeting and chose the clean energy sector.
Reliance Industries, which has built its empire through the crude oil business, has announced that it will invest Rs 75,000 crore in the clean energy sector.
Reliance Industries, led by Mukesh Ambani, has decided to set up 4 new factories in Jamnagar, Gujarat, for the business of the sector. In this context, Bernstein has released an important forecast regarding Reliance’s Clean Energy.
$ 36 billion trade
Bernstein, a brokerage firm, predicts that Reliance Industries will generate about $ 36 billion worth of business in the clean energy business segment alone over the next 5 years.
And almost all energy companies trade at 2 to 3 times higher prices. Thus Reliance Industries would have generated a turnover of Rs 395 or $ 36 billion per share in the next 5 years.
As a result, Bernstein has raised the target price for Reliance Industries shares from Rs 2,470 to Rs 2,830. But after the annual meeting, Reliance shares have continued to decline for various reasons.
Similarly, Bernstein has announced that Reliance Retail’s business is expected to grow by an average of 35 to 40 per cent each year for the next 3 to 5 years. Well that’s what Reliance Clean Energy is all about.
Reliance Clean Energy
Reliance Industries has announced plans to build a clean energy platform for Dhirubhai Ambani Green Energy Zika Complex in Jamnagar, Gujarat, as announced at its annual meeting. Mukesh Ambani has decided to start a new energy business with an investment of around Rs 60,000 crore as the first phase of the project with about 4 factories.
4 major projects
First Factory: Solar Module Manufacturing Factory 2nd Factory: Electric Car First All-Utility Battery Factory 3rd Factory:. New Electrolyser factory to produce green hydrogen gas 4th factory :. Fuel cell manufacturing plant that uses hydrogen gas as fuel in cars
The demand for alternative fuels in India is very high. Recognizing this need in a timely manner, Mukesh Ambani plans to set up a new factory in India to manufacture solar photovoltaic cells that produce solar power at low cost. Reliance has set a target of generating 100 gigawatts of electricity by 2030 out of the 450 gigawatts generated by the Modi-led Union government.
Electric battery product
The use of electric car in India will increase tremendously in the coming years. During this period, Reliance Industries plans to manufacture sophisticated batteries using electrochemical technology in the power storage sector to cater to the service of the country and supply batteries to all sectors, from automobiles.
Hydrogen gas production
Mukesh Ambani plans to produce green hydrogen gas not only domestically but also abroad through the Electrolyser factory to be set up at the new Dhirubhai Ambani Green Energy Giga Complex, similar to crude oil production.
Hydrogen gas car
Many automobile companies are planning to turn hydrogen gas technology into a big business to compete with electric cars. Reliance Industries’ Electrolyser factory will be of great help
Hydrogen fuel cell
These 4 factories are being set up to build a hydrogen fuel cell that will use hydrogen gas as fuel in India as the future of electric and hydrogen fuels is imminent not only in India but also in the future of the global automobile market.
Mukesh Ambani has said that Reliance’s hydrogen fuel cell can run not only cars but also heavy vehicles like lorries and buses.