Mukesh Ambani Green Energy Business: In the Bloomberg report, sources were quoted as saying that India’s billionaire businessman Mukesh Ambani will work on a strategy related to green energy. This includes construction of Blue Hydrogen Facility and Giga Factories. The company will decide the way forward through acquisitions. Talks are also going on with investors.
Richest Person in India: Mukesh Ambani, chairman of Reliance Industries, is considered a game changer. Whatever he touches, its value automatically increases. The credit goes to him for changing the map of the telecom industry in India. But now Mukesh Ambani is making a new plan. He is thinking of handing over the entire business to his children. Although he has already distributed the business to all three children. The eldest son Akash has got the telecom business. At the same time, Isha Ambani has been given the command of retail. The youngest son Anant has got the business of petrochemicals and oil refining.
According to the report of Bloomberg, Mukesh Ambani now wants to put full focus on green energy. Last year, he also announced that the company would focus on green energy in the next 15 years. For this, a huge investment of $75 billion will also be made. By the year 2035, Reliance has set a target of becoming a carbon net-zero company.
talks with investors
In the Bloomberg report, sources were quoted as saying that India’s billionaire businessman Mukesh Ambani will work on a strategy related to green energy. This includes construction of Blue Hydrogen Facility and Giga Factories. The company will decide the way forward through acquisitions. Talks are also going on with investors.
It is said that whenever Mukesh Ambani takes up a project, he puts all his hard work into it. In the year 1990, he worked hard for the petroleum business. After this, in the last 20 years, he put full emphasis on the telecom business.
Adani will compete
In the sector in which Mukesh Ambani is planning to enter, he will be competing with billionaire businessman Gautam Adani. Gautam Adani has set a target of investing $70 billion in green energy business. Mukesh Ambani is the second richest person in India. Whereas Gautam Adani is the richest person not only from India but also from Asia.
Sources told that the panic that Mukesh Ambani had created in the telecom business, now he wants to do the same in renewable energy. The company has started construction of four Giga factories at Dhirubhai Ambani Green Energy Complex in Jamnagar, Gujarat. The company is seeing a future in this. Reliance is preparing to capture the entire value chain of the Green Hydrogen Economy.