Reliance Industries Limited (RIL) has committed to investing ₹75,000 crore in both its new energy business and petrochemical expansion, according to its FY25 results presentation. This marks a major step in the company’s long-term growth strategy.
Solar Expansion Plans
Reliance has already launched a one-gigawatt heterojunction (HJT) solar module facility and is targeting a major expansion to 10 gigawatts by 2026. The company forecasts that this new energy vertical will eventually match and surpass earnings from its traditional oil-to-chemicals (O2C) business between FY29 and FY31.
Battery Technology Development
In addition to its solar ambitions, Reliance is making significant strides in battery technology, particularly focusing on lithium iron phosphate (LFP) batteries for utility-scale energy storage. Construction of battery material and cell production facilities is currently underway, with production expected to commence by 2026.
Infrastructure and Scaling Plans
The company has already completed engineering across the full solar and battery value chains, procured long-lead equipment, and is actively constructing its facilities. Certified by BIS, Reliance’s solar modules can achieve up to 720 watt-peak and are designed for rapid scaling—from 10 GW to 20 GW annually if necessary.
Transitioning to Full-Scale Operations
As reported by projectstoday.com, RIL has laid a strong foundation in renewable energy and battery operations, with expectations that these ventures will soon transition from the incubation phase to full-scale operations, further driving the company’s future growth and diversification.
