Reliance New Energy Solar & Reliance New Solar Energy has appointed Anant Ambani, the younger son of Reliance Industries chairman Mukesh Ambani, as a director. Incorporating in a fortnight after the breaking announcement the business giant has leaped towards the renewables sector.
The exponential growth alluring the investors, Saudi Aramco is expected to be the one in the other renewables venture O2C under the directorship of Anant.
Diversifying business is not just keep the expansion of the empire but the new ideologies here to. Ventures of Reliance Industries are equally divided into the three siblings Akash Ambani, Anant Ambani & Isha Ambani.
The new hook into the business now will be lent by the youngest generation. Inspired by Ambani, Waaree & Tata, Reliance will have to pave a way for the successful journey, or else it will end up with the struggling phase like Patanjali.
At the annual shareholder meeting last month, Ambani said that RIL will invest Rs 75,000 crore in clean energy over three years, but details about how it intends to execute the green play have not been disclosed. RIL’s renewable power move comes more than a decade after Mukesh and Anil canceled all non-compete business agreements between them.