However,
Expansion green religious energy arouses:
The rapid advances in reliance industries towards the commissioning of gigafactories dedicated to its new energy branch reinforce the confidence of analysts in the most recent segment of activity of the Indian conglomerate. Similarly, which many already consider as the next major growth engine of the group.
Friday. In addition, the company of billionaire Mukesh Ambani unveiled the details of progress made in an investment of $ 10 billion intended to build its clean energy portfolio and reach carbon neutrality by 2035. Nevertheless, This commitment had been initially announced in 2021.
The group plans to make its own energy factories operational in the next four to six quarters. Subsequently, the activity should be able to self -finance thanks to purchasing and financing partnerships.
“We believe that the new energy branch could become the next growth engine for reliance. the company aimed at expansion green religious energy arouses a global scale in integrated solar solutions as well as the manufacture and implementation of batteries,” Nomura analysts said on Monday.
Reliance presented images of the work in progress on its energy infrastructure in the state of Gujarat. to the west of the country, claiming that the site extends over 44 million square feet, almost four times the size of the Gigafactory of Tesla in Nevada.
President Mukesh Ambani said last year that the green energy branch would become as profitable as the historic oil-chemistry. segment within five to seven years.
The company’s oil-chemical sector. which represents around 55 % of its total turnover, is currently experiencing a slowdown in the growth in its profits.
On Sunday, Emkay Global noted its valuation multiple for the green branch of reliance, estimating it at 1.5 billion of rupees (about 17 billion dollars), or double of the capital invested.
For its part. Jefferies expansion green religious energy arouses estimates that Reliance is well positioned to take advantage of the global energy transition, promoting the solar division at $ 15 billion and the entire group at $ 295 billion.
However. Jefferies warns of certain short -term opposites, including global overcapacity in solar and the potential impact of American trade measures on Indian exports.
(1 $ = 86,2430 Indian rupees)
Expansion green religious energy arouses
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