Reliance Industries Ltd (RIL) led by Mukesh Ambani has revealed ambitious plans for its new energy business, with investments of $9 billion each in new energy projects and petrochemical expansion. The company aims to transition from incubation to operationalization in the renewable energy and battery sectors. An expected Rs 6,000 crore boost in earnings before interest, taxes, depreciation, and amortization (Ebitda) is anticipated from the 1-gigawatt HJT solar module facility, with plans to scale to 10 gigawatts by 2026. Reliance projects that the new energy segment could rival earnings from its traditional oil-to-chemicals business by 2031, contributing significantly to the consolidated profit after tax. The company is progressing rapidly in solar and battery technology, focusing on lithium iron phosphate (LFP) and aiming for 30 gigawatts of battery manufacturing capacity by 2026. Reliance has secured land in Gujarat's Kutch region for renewable energy generation and is building a green hydrogen ecosystem in Kandla. The company's end-to-end integration spans solar, battery, and hydrogen production, showcasing a unique approach at scale. With a focus on clean energy, Reliance is also ramping up its compressed biogas (CBG) operations. The commitment to sustainability and innovation positions Reliance as a key player in India's energy transition, with strong progress across its new energy projects.