Bringing Home The Sun
Business Today|December 12, 2021
Mukesh Ambani and Gautam Adani pump in the big bucks, pushing India’s scattered renewable energy industry to the next level, and hyper-fuelling the country’s clean energy dreams for 2030. Nuance: India’s two richest businessmen are on the same page
Krishna Gopalan
Bringing Home The Sun

The headline of this story could well have been “The Great Disruptors”. But even that would probably not have fully conveyed the extent of the tectonic shift that two canny industrialists have seeded within months of each other. They have not partnered. They probably won’t compete directly either. Yet, the impact of their moves could serve to spark long-term change in an area of national and global interest—renewable energy as a source of electric power, with attendant benefits for our planet’s environmental health. The two gentlemen in question—Mukesh Ambani and Gautam Adani, two of India’s richest men, both ambitious to the point of leaving you incredulous—can sniff out a business opportunity years ahead of the curve. Co-relate the two aspects, and it would appear that renewable energy’s time has truly come. It is good for the planet. It is good for business. And now, it is good business.

On June 24, addressing Reliance Industries shareholders at the company’s annual general meeting, now a regular jamboree of big announcements, Ambani made public a plan to invest ₹60,000 crore to set up four giga factories, which “will manufacture and fully integrate all the critical components of the new energy ecosystem”. In some detail, the plan is to make solar photovoltaic modules, advanced energy storage batteries, electrolysers and, finally, fuel cells. The investment, he said, “will create and offer a fully integrated, end-to-end renewable energy ecosystem”. Another ₹15,000 crore is to be invested in the value chain, partnerships and future technologies. That adds up to ₹75,000-crore ($10-billion) investments in the new energy business over three years. Ambani further said that Reliance will “establish and enable at least 100 GW of solar energy by 2030”.

Esta historia es de la edición December 12, 2021 de Business Today.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 12, 2021 de Business Today.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS TODAYVer todo
"Moving to cloud helped us grow❞
Business Today India

"Moving to cloud helped us grow❞

What was the problem you were grappling with?

time-read
1 min  |
November 24, 2024
She's Got Time
Business Today India

She's Got Time

MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP

time-read
3 minutos  |
November 24, 2024
RISING STAR
Business Today India

RISING STAR

PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.

time-read
1 min  |
November 24, 2024
Building on a Legacy
Business Today India

Building on a Legacy

WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.

time-read
1 min  |
November 24, 2024
LEADER IN INNOVATION
Business Today India

LEADER IN INNOVATION

AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.

time-read
1 min  |
November 24, 2024
WAITING IN THE WINGS
Business Today India

WAITING IN THE WINGS

Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025

time-read
1 min  |
November 24, 2024
A DECENT PROPOSAL
Business Today India

A DECENT PROPOSAL

IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?

time-read
5 minutos  |
November 24, 2024
Women and the STEM Bias
Business Today India

Women and the STEM Bias

EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.

time-read
3 minutos  |
November 24, 2024
ROCKET WOMEN
Business Today India

ROCKET WOMEN

WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.

time-read
6 minutos  |
November 24, 2024
ONE STEP FORWARD
Business Today India

ONE STEP FORWARD

THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.

time-read
6 minutos  |
November 24, 2024