Potential offtaker

Reliance Industries Ltd.

www.ril.com

Estimated electricity consumption

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Countries of production presence

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Reliance Industries Ltd is an Indian conglomerate that operates in various sectors, including petroleum refining, petrochemicals, oil and gas exploration, retail, and telecommunications. It is one of the largest companies in India, with a market capitalization of over $150 billion. The company was founded in 1960 by Dhirubhai Ambani and is currently led by his son, Mukesh Ambani.

The petroleum refining sector is one of the key areas of operation for Reliance Industries Ltd. The company operates two refineries in India, one in Jamnagar, Gujarat, and the other in SEZ, Jamnagar. These refineries have a combined capacity of 68.2 million metric tons per annum (MMTPA), making them among the largest in the world. The Jamnagar refinery is also the world's largest single-location refinery.

Decarbonisation is a key focus area for Reliance Industries Ltd. The company has set a target of becoming a net-zero carbon emitter by 2035. To achieve this goal, the company is investing in various initiatives, including renewable energy, energy efficiency, and carbon capture and storage. The company has also set up a dedicated decarbonisation team to drive these efforts.

Renewable energy is another area of focus for Reliance Industries Ltd. The company has set a target of achieving 100 GW of solar power capacity by 2030. To achieve this goal, the company is investing in various renewable energy projects, including solar, wind, and hydro power. The company has also signed power purchase agreements (PPAs) with various renewable energy developers to procure renewable energy for its operations.

Corporate PPAs are a key tool for Reliance Industries Ltd to procure renewable energy. The company has signed several PPAs with renewable energy developers in India and abroad. These agreements enable the company to procure renewable energy at a fixed price for a long-term period, reducing its exposure to volatile energy prices. The company has also set up a dedicated renewable energy subsidiary, Reliance New Energy Solar Ltd, to drive its renewable energy initiatives.

Corporate energy management is another key focus area for Reliance Industries Ltd. The company has set up a dedicated energy management team to drive energy efficiency initiatives across its operations. The team is responsible for identifying energy-saving opportunities, implementing energy-efficient technologies, and monitoring energy consumption. The company has also set up a centralized energy management system to monitor and control energy consumption across its operations.

In conclusion, Reliance Industries Ltd is a leading Indian conglomerate that operates in various sectors, including petroleum refining, petrochemicals, and renewable energy. The company is committed to decarbonisation and has set a target of becoming a net-zero carbon emitter by 2035. To achieve this goal, the company is investing in various initiatives, including renewable energy, energy efficiency, and carbon capture and storage. The company has also set up a dedicated decarbonisation team to drive these efforts. Corporate PPAs and energy management are key tools for the company to achieve its decarbonisation goals.

✓ Climate Action 100+ company
✓ Declared Net Zero commitment