{"id":444761,"date":"2021-10-25T08:17:48","date_gmt":"2021-10-25T02:47:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=444761"},"modified":"2021-10-25T08:50:47","modified_gmt":"2021-10-25T03:20:47","slug":"rils-green-energy-biz-taking-shape-may-contribute-10-of-ebitda-in-5-yrs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rils-green-energy-biz-taking-shape-may-contribute-10-of-ebitda-in-5-yrs\/","title":{"rendered":"RIL&#8217;s green energy biz taking shape, may contribute 10% of EBITDA in 5 yrs"},"content":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd has made a wave of partnerships to give shape to its green energy business that spans solar, battery and hydrogen investments and could contribute almost 10 per cent of the company&#8217;s pre-tax profits in five years, a report said.<\/p>\n<p>The oil-to-retail conglomerate announced a wave of partnerships with REC, NexWafe, Sterling and Wilson, Stiesal and Ambri for total costs of USD 1.2 billion.<\/p>\n<p>&#8220;With these investments, Reliance has acquired the expertise and technology portfolio to start to build a fully integrated end-to-end renewables energy ecosystem through solar, batteries and hydrogen,&#8221; brokerage Bernstein said in a report. &#8220;Reliance will commercialise the acquired technologies and set up manufacturing plants in India.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd has made a wave of partnerships to give shape to its green energy business that spans solar, battery and hydrogen investments and could contribute almost 10 per cent of the company&#8217;s pre-tax profits in five years, a report said. The oil-to-retail conglomerate announced a wave of partnerships with REC, NexWafe, Sterling and Wilson, Stiesal and Ambri for total costs of USD 1.2 billion. &#8220;With these investments, Reliance has acquired the expertise and technology portfolio to start to build a fully integrated end-to-end renewables energy ecosystem through solar, batteries and hydrogen,&#8221; brokerage Bernstein said in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-444761","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=444761"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444761\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=444761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=444761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=444761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}