Mukesh Ambani’s masterstroke, this company to make solar panel, the company is…

The government has ordered that from June 2026 all renewable energy projects must use solar PV modules made from locally produced cells.

Reliance Industries: Mukesh Ambani’s Reliance Industries Limited has started its first unit for the production of solar panels and is moving towards building battery storage production facilities. The company provided this information during a presentation to investors. Reliance had unveiled a $10 billion plan covering renewable energy, storage, and hydrogen in 2021, as it is pursuing a net-zero carbon emissions position by 2035. It is worth mentioning that Reliance’s shares may remain in focus tomorrow, April 28. The company’s shares closed at Rs 1,301 on Friday, April 25.

Reliance is India’s largest conglomerate, active in sectors ranging from oil and petrochemicals to telecommunications and retail. On Friday, while announcing the income for the previous financial year (2024-25) in an investor presentation, Reliance said, “The first line of solar PV modules has been commissioned.”

Reliance Industries Limited has joined companies like Adani Group, Tata, Waaree Energy, and Vikram Solar that manufacture solar PV modules.

The government has ordered that from June 2026, all renewable energy projects must use solar PV modules made from locally produced cells in order to reduce dependence on Chinese imports and promote domestic manufacturing capabilities. Domestic solar panel manufacturing will help India achieve its ambitious target of 500 gigawatts of renewable energy capacity by 2030.

Reliance is building ‘Giga factories’ on a 5,000-acre site in Jamnagar, Gujarat, where photovoltaic (PV) modules, batteries, hydrogen electrolyzers, and fuel cells will be produced.

PV modules are commonly known as solar panels, which convert sunlight directly into electricity using the photovoltaic effect. Reliance’s Chief Financial Officer (CFO) V.C. Venkatchari mentioned at an investor conference that the capacity of 10 gigawatts per year is designed in such a way that we can quickly scale it up to 20 gigawatts. He also stated that Reliance is focusing on battery manufacturing at a rate of 30 gigawatts per hour.