Reliance to invest Rs 5.95 lakh cr in green energy, other projects in Gujarat

AHMEDABAD: The Mukesh Ambani-led Reliance Industries (RIL) signed an MoU on Thursday with Gujarat government for a total investment of Rs 5.95 lakh crore as part of promotion activity for Vibrant Gujarat Summit 2022. These projects will create 10 lakh direct and indirect employment opportunities in the state, the company said.
“To make Gujarat net-zero and carbon-free, RIL proposes to invest Rs 5 lakh crore in the state over the span of 10 to 15 years to set up a 100GW renewable energy power plant and green hydrogen ecosystem development,” the company further added.
The country’s largest private sector company will develop an ecosystem for assisting small and medium enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations, leading to captive use of renewable energy and green hydrogen.
In consultation with the government of Gujarat, RIL has…

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