Reliance Industries has signed a preliminary agreement with Gujarat to invest Rs 5.95 lakh crore, mainly in green energy, in the state.
“To make Gujarat net-zero and carbon-free, RIL NSE -0.01 % proposes to invest Rs 5 lakh crore in the state over the span of 10 to 15 years to set up 100 GW renewable energy power plant and green hydrogen eco-system development,” the company said in a statement.
In consultation with the government of Gujarat, RIL has begun scouting land for 100 GW renewable energy power projects in Kutch, Banaskantha, and Dholera, the company said, adding that it has requested 4.5 lakh acres of land in Kutch.
