Reliance Industries Archives - Newscript EnergyWorld

Coal India powers up ₹25,000cr renewable empire

14Sep

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Coal India powers up ₹25,000cr renewable empire

Executive Summary Coal India commits ₹25,000 crore ($3bn) to develop 4.5GW renewable capacity Partnership with AM Green for renewable ammonia production facilities Targeting 2,500-3,000 MW solar and 1,500-2,000 MW wind projects Strategy aims to future-proof 229,000-strong workforce MoU signed 7 May 2025, marking radical departure from fossil fuels At a windswept site in Rajasthan’s Thar desert, where Coal India once prospected for lignite deposits, engineers now measure wind speeds and solar irradiation levels. The scene captures the magnitude of change at the world’s largest coal producer. Coal India Limited has committed ₹25,000 crore ($3bn) to develop 4.5GW of renewable capacity, marking the state-owned miner’s most radical departure from its fossil...

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

14Sep

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News Bulletin, Newsletter, Oil & Gas Industry

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

Executive note India’s oil exploration sector faces a punishing fiscal blow after the GST Council’s decision to raise service taxes from 12% to 18%. The September 2025 hike will saddle upstream companies with billions in additional costs, squeezing ONGC, Oil India, Vedanta and Reliance at a time when commodity price volatility and currency pressures already challenge project economics across the energy sector. India’s upstream oil and gas industry has absorbed a significant fiscal shock following the Goods and Services Tax (GST) Council’s decision to increase rates on exploration and production services. The tax rate climbs to 18% from 12%, effective September 22, 2025, covering petroleum exploration, mining, drilling, and related support activities across the sector. Indu...

Reliance bets big on green hydrogen with new Gujarat complex

2Sep

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Renewables

Reliance bets big on green hydrogen with new Gujarat complex

Reliance Industries is moving ahead with construction of a green hydrogen complex in Jamnagar, Gujarat, positioning itself at the centre of India’s nascent hydrogen economy. The $10bn project, announced by chairman Mukesh Ambani, will anchor Reliance’s broader push into renewable fuels. It will integrate solar and wind capacity with electrolyser technology to produce green hydrogen at scale, with first output targeted for 2027. India has set a goal of producing 5m tonnes of green hydrogen annually by 2030 as part of its clean energy transition. Reliance intends to supply both domestic industry and export markets in Europe and Asia, where demand is growing under net-zero mandates. The Jamnagar complex will also manufacture electrolysers and advanced fuel cells. Reliance executives ...

21Aug

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News Update

Reliance eyes higher ARPU, new bets in beverages

By Newscript News Network August 21, 2025 Reliance Industries Ltd. (RIL) has recalibrated its telecom play by discontinuing Jio’s ₹249 entry-level plan, nudging customers towards the ₹299 base pack offering 1.5 GB/day. The move lifted RIL shares 2.17% to ₹1,411, with analysts predicting a boost to average revenue per user (ARPU). “Tariff rationalisation is essential for long-term profitability,” said a Mumbai-based telecom consultant. Beyond telecom, Reliance Consumer Products Ltd. (RCPL) acquired a majority stake in Naturedge Beverages to strengthen its herbal and natural drinks portfolio. In a separate corporate update, Reliance NeuComm, a subsidiary registered in Texas, has been voluntarily wound up. The diversified bets highlight RIL’s dual focus – driving telecom monetisa...

Reliance Winds Up NeuComm Subsidiary, Refocuses on Energy Transition

20Aug

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News Update

Reliance Winds Up NeuComm Subsidiary, Refocuses on Energy Transition

By Newscript News Network August 20, 2025 Reliance Industries Limited (RIL) has formally completed the winding-up of its US-based subsidiary, Reliance NeuComm, by filing a Certificate of Termination with the Secretary of State of Texas. Though the unit had long ceased operations, its closure highlights the company’s ongoing portfolio rationalisation strategy. Industry watchers view this as part of Chairman Mukesh Ambani’s renewed focus on high-growth areas in India, particularly telecom, retail, new energy and materials. Over the past three years, RIL has consolidated its international presence while funnelling capital into domestic projects, ranging from green hydrogen and solar manufacturing to the next phase of Jio’s digital expansion. “Reliance is pruning global entities th...