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Informist, Friday, Aug. 29, 2025

 

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--RIL: Investing INR 750 billion in new projects in oil-to-chemicals segment
--RIL: Developing solar projects at Kutch, to meet captive needs
--RIL: Electrolyser giga factory to be operational by end of 2026
--RIL: Green energy giga-factories in Jamnagar progressing well
--RIL: Will be world's only fully-integrated self-sufficient co in new energy
--RIL: Petrochem over-capacity posed challenges in FY25

 

AHMEDABAD – Reliance Industries Ltd. is investing INR 750 billion in fresh projects in oil-to-chemicals segment, Anant Ambani, director, said during the company's virtual annual general meeting held Friday.

 

The new projects include a 1.2-million-tonne polyvinyl chloride plant at Nagothane, Maharashtra, expanded CPVC and a 3-million-tonne purified terephthalic acid facility at Dahej, Gujarat, and a 1-million-tonne specialty polyester unit at Palghar, Maharashta. Reliance is also setting up a large carbon fibre facility at Hazira, Gujarat, which will be one of the three biggest in the world and cater to aerospace, defence, and advanced materials, he said.

 

Even as global petrochemicals' overcapacity posed challenges in 2024-25 (Apr-Mar), the company continues to achieve its vision of an autonomous refinery at Jamnagar. This may be digitally controlled, self-optimising, low-carbon refinery-cum-chemical complex that would allow it to stay competitive despite pressures of global energy transition and petrochem overcapacity.

 

Talking of Reliance's exploration and production arm, Anant Ambani said that it contributed nearly 30% of the country's natural gas output in FY25. The business delivered an earnings before interest, taxation, depreciation and amortisation of INR 211.88 billion, driven by higher production from KG-D6 and coal bed methane fields. KG-D6 output rose 4% to 28 million standard cubic meters per day, or mscmd, of gas and 21,000 barrels of oil per day, or bopd, while CBM volumes surged 30% to 0.8 mscmd, aided by a 40-well multilateral drilling campaign. The company has lined up fresh drilling in the KG basin for 2026.

 

Alongside hydrocarbons, Reliance is also building what it calls the world's most integrated new energy ecosystem – spanning solar, batteries, electrolysers and green fuels. Its solar photovoltaic platform has become operational and produced 200 megawatts of high-efficiency heterojunction technology modules. These deliver 10% higher energy yield, 20?tter temperature performance and 25% lower degradation compared to other solar panels available in the market. Over the coming quarters, the company seeks to scale the capacity to 10 gigawatts per year, eventually rising to 20 GW, making it the largest single-site facility globally.

 

Parallelly, the company is constructing its battery giga factory with a capacity of 40 GW. The company hopes to start this in 2026 and is expandable to 100 GW. On the other hand, its electrolyser giga factory will be operational by end-2026, with capacity of up to 3 GW per year, enabling cost-competitive green hydrogen production.

 

Finally, Anant Ambani said that Reliance was developing one of the world's largest single-site solar projects on 550,000 acres in Kutch, Gujarat. At peak, Reliance will deploy 55 MW of solar modules and 150 MWh of battery containers every day. This will be among the fastest installations globally and could meet nearly 10% of India's electricity needs within a decade.

 

Ambani said that while their initial focus is to meet Reliance's own large captive demand, it targets 3 million tonnes of green hydrogen equivalent capacity by 2032. It is also planning to set up over 500 compressed biogas plants by 2030. This year, Reliance is building 55 CBG plants with an annual capacity of 500,000 tonnes.

 

The company chairman Mukesh Ambani said Reliance Industries aims to more than double its earnings before interest, tax, depreciation and amortisation by 2027 from the 2022 level, when its EBITDA was INR 1.25 billion.

 

Friday, shares of Reliance Industries closed at INR 1,357.20 per share on the National Stock Exchange, down 2.07%.  End

 

Reported by Sunil Raghu

Edited by Deepshikha Bhardwaj

 

 

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