Reliance to invest Rs 75,000 crore in 3 years towards green energy initiatives: Mukesh Ambani

Mukesh Ambani on Thursday announced Reliance Industries Limited will invest Rs 75,000 crore in three years towards green energy initiatives.

Reliance India Limited (RIL) chairman and managing director Mukesh Ambanii on Thursday announced the telecom company's green energy initiatives and said it will invest Rs 75,000 crore in three years towards the "Green Vision" plan. 41/n We will invest an additional Rs 15,000 cr in value chain, partnerships and future technologies, including upstream and downstream industries. Thus, our overall investment in New Energy business will be Rs 75,000 cr in 3 years: Mukesh Ambani #RILAGM #MadeForIndiaMadeInIndia 47/n By implementing our Green Vision, Reliance will help transition India and the World from an Industrial Civilisation to an Ecological Civilisation. We are repaying our debt of gratitude to Mother Nature: Mukesh Ambani#RILAGM #MadeForIndiaMadeInIndia 45/n We will transform our legacy business into sustainable, circular and net zero carbon materials business. We will do this by repurposing our existing assets to extend their economic life and earning capacity: Mukesh Ambani#RILAGM #MadeForIndiaMadeInIndia 42/n We will build two additional divisions to further strengthen this ecosystem. First, a dedicated Renewable Energy Project Management and Construction Division. Second, a dedicated Renewable Energy Project Finance Division: Mukesh Ambani#RILAGM #MadeForIndiaMadeInIndia Mukesh Ambani said Reliance will create and offer a fully integrated, end-to-end renewables energy eco-system. "Over the next three years, we will invest over Rs 60,000 crore in these initiatives," he said.