Reliance Set to Launch Green Energy Gigafactories in Jamnagar Within 6 Quarters

Reliance Industries Ltd (RIL), under the leadership of Mukesh Ambani, is set to transform India’s clean energy landscape with the launch of its advanced gigafactories in Jamnagar, Gujarat. 

Spread across 44 million sq ft, the facilities will focus on producing solar panels, batteries, and electrolysers, aiming to cut internal energy costs by at least 25% while propelling RIL’s shift towards net-zero emissions by 2035.

Green Energy Factories to Power Reliance’s Next Growth Phase

As per a Reuters report, Reliance’s clean energy gigafactories, scheduled to go live in the next 4 to 6 quarters, form a crucial part of its ₹83,000 crore ($10 billion) investment announced in 2021. These new units, adjacent to the world’s largest oil refinery complex, are designed to provide integrated solutions across solar energy, energy storage, and hydrogen production. Once operational, the clean energy segment is expected to be self-funded through strategic partnerships and offtake agreements.

Scale and Impact of the Jamnagar Energy Hub

The Jamnagar site spans nearly four times the size of Tesla’s Nevada gigafactory, highlighting RIL’s ambition to achieve global leadership in the energy transition space. The gigafactories will enable local manufacturing of essential green tech components, reducing reliance on imports and boosting domestic capabilities.

Read More: Reliance Outshines Nifty with $40 Billion Gain in 2025, Best Rally Since 2020!

Long-Term Vision and Market Potential

RIL is targeting its clean energy business to rival its core oil-to-chemicals segment, which currently accounts for 55% of overall revenue. Over the next 5 to 7 years, the new energy vertical is expected to become a key profit centre. Market valuations reflect growing confidence, with estimates ranging from ₹1.5 trillion to $17 billion. However, the company faces short-term challenges, including global solar overcapacity and external trade pressures.

Reliance Industries Share Price Performance

On July 22, 2025, Reliance Industries share price opened at ₹1,427.40 on NSE, below the previous close of ₹1,428.60. During the day, it surged to ₹1,431.90 and dipped to ₹1,410.70. The stock is trading at ₹1,414.80 as of 1:32 PM. The stock registered a moderate decline of 0.97%.

Over the past week, it has declined by 4.77%, over the past month, it has declined by 2.48%, and over the past 3 months, it has moved up by 9.57%.

Conclusion

With massive scale, strategic investments, and long-term planning, Reliance’s green energy gigafactories in Jamnagar signal a defining shift in the company’s future. The clean energy business is well-positioned to lead India’s contribution to the global energy transition, while ensuring self-reliance and profitability.

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