Indian billionaire Mukesh Ambani said his Reliance Industries Ltd. will expand into wind power equipment with the help of more established firms to boost the conglomerate’s suite of clean energy products.
Reliance will partner with “global leaders” in the renewable technology to offer cost-efficient turbines, Ambani told shareholders Monday at the company’s annual general meeting. The firm is building a carbon-fiber plant in Gujarat to reduce raw-material expenses for blades, he said without naming the partners for the wind project.
