Reliance signs MoU with Government of Gujarat for Rs. 5.95 lakh Cr investment
Hydrogen

Reliance signs MoU with Government of Gujarat for Rs. 5.95 lakh Cr investment

The company proposes to invest Rs. 5 lakh crore in the state over the span of 10 to 15 years

  • By ICN Group | January 13, 2022

Reliance Industries Limited (RIL) has signed MoU with the Government of Gujarat for a total investment of Rs. 5.955 lakh crore as part of Investment Promotion Activity for Vibrant Gujarat Summit 2022.

These projects will create 10 lakh direct and indirect employment opportunities in the state. 

To make Gujarat net zero and carbon free, RIL 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 ecosystem development. 

RIL will develop an ecosystem for assisting small and medium enterprises (SMEs) and encourage entrepreneurs to embrace new technologies and innovations leading to captive use of renewable energy and green hydrogen. 

In consultation with the Government of Gujarat, RIL has started the process of scouting land for a 100 GW renewable energy power project in Kutch, Banaskantha, and Dholera. The company has requested 4.5 lakh acres of land in Kutch. 

RIL will invest another Rs. 60,000 crore in setting up new energy manufacturing-integrated renewable manufacturing: Solar PV module (manufacture of Polysilicon, wafer, cell & module); electrolyzer; energy-storage battery; and fuel cells.

 

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