Reliance Industries’s green energy equipment business intrigues analysts

Every decade or so, Reliance Industries Ltd (RIL) sets on a new growth strategy, nudging the markets to value its stock price for newer businesses. For the company’s latest energy initiative to expand its green energy and storage portfolio, some analysts are beginning to suggest a closer look at some of its segments.

In his address to shareholders in the company’s FY22 annual report, billionaire Mukesh Ambani, chairman and managing director of the company, said: “The green energy value holds great promise to outshine all our existing growth engines in just 5-7 years”.