India’s second richest man Mukesh Ambani is all set to disrupt another industry – green energy. And, do what he initially did to telecom, make it affordable.
“Just as India has the world’s most affordable wireless broadband today, we will have the world’s most affordable green energy within this decade,” Reliance Industries’ chairman Mukesh Ambani said.
Essentially, Ambani wants to pull a Jio with green energy – and India’s richest man, Gautam Adani, should be worried, since green energy is also one of his primary businesses.
A refining reset – setting the tone for a ‘green future’
Reliance Industries’ crude oil refining business is the bellwether of the oil-to-digital conglomerate, and now Ambani has set out to revamp it for a green future.
Polysilicon is a key raw material in the photovoltaic supply chain – solar panels in simpler words. Unlike Adani, Ambani has the added advantage of Reliance Industries’ massive facility in Jamnagar, from where he can source up to 90 kilo-tonne of polysilicon – a key raw material in the photovoltaic supply chain.