Key Points
New Delhi, Billionaire Mukesh Ambani's Reliance Industries Ltd will commission a new energy giga complex in Gujarat in the second half of 2024, the company said in an earnings statement and investor call..
"On track to commence new energy facilities in phases this year," the company said in a post-third-quarter earnings call with investors...
The Dhirubhai Ambani Green Energy Giga Complex will be among the largest integrated renewable energy manufacturing facilities in the world...
"These incentives are likely to assist Reliance achieve a green hydrogen cost of USD 1' 1.5 per kg," Nuvama said.. Given RIL is the largest producer and consumer of grey hydrogen, transition to green hydrogen shall enable it to improve margins ahead, it said...
The current green hydrogen cost hovers USD 3 per kg, which remains 1.5x compared to grey hydrogen produced using natural gas due to the high cost of generating solar/wind energy as well as high electrolyser cost...
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