CORPORATE
Reliance bets on green energy and telecom to surge to the next level of growth
- IBJ Bureau
- Aug 08, 2024
Reliance Industries (RIL) is ready for the next level of growth as its green energy projects get ready to deliver and telecom business Jio’s indigenously-developed technologies, which are being deployed at scale in India, also take to the rest of the world.
In the company’s FY24 annual report released on Wednesday, Chairman and Managing Director Mukesh Ambani said that in the world of volatility and uncertainty, India was shining as a beacon of stability and prosperity.
He said that the company was targeting net-zero carbon emissions from its operations by 2035.
Mr Ambani said that the launch of Jio 4G mobile telephony services in 2016 turned a data-dark India into a data-rich nation, supplying every Indian home with affordable, high-speed 4G data.
“And this year, Jio has further enhanced the country’s digital infrastructure by rolling out its True5G network across India in world-record time,” he said, adding that the launch of affordable smartphone JioBharat will go a long way in making India 2G-mukt (2G-free).
“Reliance has become the first Indian company to chemically recycle plastic waste-based pyrolysis oil into circular polymers,” Mr Ambani said. This is in addition to recycling of polyester and polyolefins and converting PET bottles and plastic waste into road-laying material.
“As we work towards our goal of attaining net carbon zero by the year 2035, the development of the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is progressing rapidly,” he said. “This giga complex will be one of the largest end-to-end integrated renewable energy manufacturing facilities globally,” Mr Ambani added.
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