Reliance’s Exploration & Production business cornerstone of India’s energy security: Anant Ambani

Anant Ambani

Reliance Industries Limited’s (RIL) exploration and production (E&P) business is a cornerstone of India’s energy security, whole-time director Anant Ambani said at the company’s 48th Annual General Meeting (AGM) on August 29.

Ambani said the company contributes nearly 30 percent of India’s natural gas output—a fuel which is vital to country’s clean and green energy transition. Anant, the youngest son of Mukesh Ambani, was appointed as a whole-time director on RIL’s board for a five-year term beginning May 1, 2025.

Production from the company’s Krishna Godavari basin block or KG-D6 block rose 4 percent in fiscal 2024-25 to 28 million metric standard cubic metre per day (MMSCMD) of gas and 21,000 barrels of oil per day (BOPD).

Anant Ambani added that Reliance plans to add new wells in the Krishna Godavari block in the next fiscal. “In the KG basin, we are advancing infrastructure-led exploration, with fresh drilling scheduled for 2026. CBM output increased by 30% to 0.8 MMSCMD. This was powered by India's first 40-well multilateral drilling campaign. A second campaign is already underway,” he said.

Oil-to-Chemical business

Reliance’s oil-to-chemical or O2C business is the backbone of company’s transformation into an integrated energy company and is positioned for the next decade of global energy evolution, said Ambani.

The company’s O2C business delivered industry leading performance despite the extraordinary complexity in global energy markets in the last fiscal, he added. Supply chain disruptions, trade shifts, and petrochemical overcapacity posed major challenges.

“Our operational excellence is evident in 100% capacity utilisation, far higher than the global average of 80%. This directly translates into superior capital returns. And it validates the strength of our model,” he said.

In FY25, Reliance’s refineries processed a record 72.2 million tonnes of crude oil. The company’s refinery can process a diversified crude basket of 250 grades.

Meanwhile, Reliance aims to achieve net carbon zero commitment by 2035, while continuing development in its traditional hydrocarbon business.

“Hydrocarbons will remain vital for India for several years. Our strategy is clear: excel in traditional energy while building the system of the future. We are developing an integrated portfolio spanning conventional fuels, biofuels, green hydrogen, and clean solutions,” Anant Ambani said.

Jio-bp business

Briefing shareholders at the AGM, Ambani said the company’s retail fuel business Jio-bp would play a vital role in powering India's mobility needs, while driving  transition to a cleaner, more sustainable future.

In FY25, Jio-bp expanded its retail network to serve customers across key highways, urban hubs, and growth corridors, while also introducing differentiated fuels with ACTIVE technology, delivering better mileage and engine performance, said Anant.

He added that the company plans to continue expand its network, scale EV infrastructure, and introduce new green fuels, including biofuels and hydrogen.

“Our EV charging and swapping infrastructure has grown rapidly, making Jio-bp a trusted partner in India's pivot to electric mobility. We are working closely with fleet operators, last-mile delivery companies, and urban transport systems to offer integrated energy solutions,” he said.

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