hydrocarbon
Relience Industries
| March 31, 2024, 9:54 a.m.
Reliance Industries Invests Over $125 Billion in Past Decade, Shifts Focus to Retail and New Energy
Reliance Industries has undergone extensive investment in both hydrocarbon and telecom sectors, with approximately $30 billion allocated to enhancing its oil-to-chemical business and nearly $60 billion towards developing 4G/5G capabilities in the telecom sector. With the completion of pan-India 5G rollout and potential tariff hikes in telecom, the company anticipates strong free cash flow generation. Future investments will target retail and upstream new energy sectors, which offer higher returns, shorter gestation periods, and lower capital requirements compared to previous ventures. Retail expansion has seen aggressive store expansions and omni-channel investments, driving significant growth in EBITDA. In the new energy segment, Reliance plans substantial investments in fully integrated solar and battery manufacturing plants, followed by deployment of solar downstream, electrolyser, and wind capacities.
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