Anant Ambani will join RIL's new energy entities as a board member
Mukesh and Nita Ambani's younger son was named to the board of Reliance O2C, a company in which Saudi Aramco is a shareholder, earlier this month. Anant is also a director on the Jio Platforms board of directors, which also includes his siblings Isha and Akash.
During the AGM, the group chairman stated that he intends to quickly transition RIL into a new era of green, clean, and renewable energy by entering the new energy and new materials market and he revealed his company's ambition of becoming carbon-neutral by 2035. He stated that the corporation will invest Rs 75,000 crore in the new energy market over the next three years.
During RIL's 44th Annual General Meeting, Ambani stated, "We will transform our heritage business into a sustainable, circular, and net-zero carbon materials industry."
RIL intends to construct four Giga factories to produce and integrate all important components of the new energy ecosystem, including solar photovoltaic module factories, energy storage battery factories, electrolyser factories, and fuel cell factories, according to Ambani. A total of Rs 60,000 crore would be invested in these four facilities.
"We will invest an additional Rs 15,000 crore in the value chain, partnerships, and future technologies, including upstream and downstream industries, for a total investment of Rs 75,000 crore in the new energy business in three years," he added.