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Reliance Industries to commission first solar giga-factory in FY25

The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location.

August 07, 2024 / 18:03 IST
RIL expects the green power segment to emerge as a growth engine for the company that could potentially outperform other businesses in the next five-seven years. (File photo)
     
     
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    Reliance Industries Ltd (RIL) is on track to make its first solar giga-factory operational in FY25, with chairman Mukesh Ambani spearheading the company's shift towards green energy.

    The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location.

    "New Energy will be commissioning its first train of Module and Cell Manufacturing in FY25. Solar panels manufactured in Jamnagar have
    obtained BIS certification," the industrial conglomerate said in its annual report on August 7.

    RIL expects the green power segment to emerge as a growth engine for the company that could potentially outperform other businesses in the next 5-7 years.

    Reliance said the company plans to get its new energy manufacturing facilities up and running over the next 12 months. "Simultaneously, we
    would develop supply chain locally for self-sufficiency and reduce the reliance on imports," the company said.

    Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Team Moneycontrol
    first published: Aug 7, 2024 05:47 pm

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