Reliance Industries Ltd (RIL) is making a substantial investment of ₹1.5 trillion (approx. US $17.5 billion) to expand its new energy and petrochemical businesses in India. The company plans to allocate ₹75,000 crore to both the renewable energy and petrochemical sectors. RIL aims to transition its renewable energy and battery operations from incubation to full-scale production through this investment. In the renewable energy sector, RIL has commissioned a 1-gigawatt heterojunction (HJT) solar module facility and has ambitious plans to scale up to 10 gigawatts by 2026. Additionally, the company is focusing on lithium iron phosphate (LFP) batteries, particularly large-format prismatic cells designed for utility-scale energy storage. RIL is also actively developing a green hydrogen ecosystem which includes the manufacturing of electrolyzers. This strategic move is projected to have a significant financial impact, with the new energy vertical expected to match profits from RIL's traditional oil-to-chemicals (O2C) business between FY29 and FY31, eventually contributing over 50% of the consolidated profit. This investment positions RIL at the forefront of India's clean energy transition and emphasizes its focus on integrated manufacturing in the clean energy sector. In comparison, other major players like the Adani Group are also committing substantial investments towards renewable energy and green hydrogen, focusing on solar and wind capacity expansion, while government-owned companies like BPCL & HPCL are more focused on traditional energy diversification and have smaller renewable energy investments compared to RIL.