Anant Ambani said Reliance’s new energy business will begin making a meaningful contribution to earnings from FY2027, backed by solar, battery and green hydrogen projects.
Key Highlights:
- Reliance expects meaningful earnings contribution from new energy business from FY2027.
- Commercial revenue from solar modules to begin this year.
- Battery gigafactory set to be commissioned in 2026.
- Reliance signs $3 billion green ammonia supply agreement with Samsung C&T.
- Company plans to scale battery capacity to 120 GWh annually.
- New energy projects expected to create 200,000 green jobs.
News Story:
Mumbai, June 19: Reliance Industries expects its new energy business to become a significant contributor to the company’s financial performance from FY2027, according to Anant Ambani. Speaking at the company’s 49th Annual General Meeting, he said commercial revenue from solar module production will begin this year, while Reliance’s battery manufacturing facility is also set to be commissioned in 2026.
The company highlighted a major milestone in its clean energy strategy with the signing of a long-term green ammonia supply agreement worth $3 billion with Samsung C&T. Reliance said the deal is among the world’s largest green ammonia offtake agreements and demonstrates the commercial viability of its green hydrogen platform.
Reliance’s Dhirubhai Ambani Green Energy Giga Complex in Jamnagar has emerged as a key pillar of its renewable energy ambitions. The company has already operationalised solar PV cell and module manufacturing lines and produced nearly 1 GW of HJT solar modules. Its battery energy storage and cell gigafactory, with an initial annual capacity of 40 GWh, is progressing toward commissioning and is planned to expand to 120 GWh in the future.
The company is also developing a massive renewable energy hub across 550,000 acres in Kutch. Once fully operational, the project is expected to generate more than 40 billion units of green electricity annually. Reliance aims to build a green chemicals capacity equivalent to 3 million metric tonnes of green hydrogen over the next decade. According to the company, its clean energy initiatives could create around 200,000 green jobs while strengthening India’s energy security and reducing dependence on imported fuels.
