RIL Share Price Live Updates: RIL's Stock Decline
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Time of India
9 hours ago
- Time of India
RIL commissions 1 GW plus solar panels with BIS certification
Mumbai: Reliance Industries Limited (RIL) announced the commissioning of 1 Giga Watt (GW) plus solar panels , manufactured Gujarat's Jamnagar, which have also obtained BIS certification , as per a release. In their latest annual report 2024-25 on Green Energy projects , the company has set a milestone of producing 10 Giga watt solar PV modules, including cells, glass, wafer, ingot and polysilicon. Further, the company is also investing in battery storage systems with 30 GWh advanced LFP chemistry-based battery manufacturing facility to be initiated over 2025-2026. RIL also plans to add the assembling of Battery Energy Storage Systems for utility scale applications which will be initiated by 2025-26. The company also works on achieving grey to green hydrogen conversion through pilot scale electrolyser technologies by the end of 2025. Operations of seven CBG plants with production capacity of 130 TPD (0.5 lac TPA) have also been made. Two lakh TPA of high quality fermented organic manure will be produced by these plants. The company is also on a track to establish a total of 55 CBG plants including integrated CBG hub with a cumulative capacity of 0.4 MTPA of CBG and two MTPA of organic manure. These milestones are a target of RIL'S Clean Energy transition, a key pillar of the company's Net Carbon Zero target. RIL also plans to operationalize a multi-GW electrolyser facility in order to bolster green hydrogen capabilities. Furthermore, Reliance and Nel Hydrogen Electrolyser AS have also entered a technology licensing agreement which grants RIL an exclusive license to manufacture and utilize alkaline electrolysers of Nel in India and for global captive use. The company has also acquired Nauyaan shipyard for electrolyser and fabrication capacity. Further, RIL has also commenced land development in Kutch, where significant land parcels have been allocated with solar irradiance. The company possesses the ability to deliver nearly 150 billion units of electricity from Kutch. RIL additionally has an access to 2,000 acres of land in Kandla for the production of green chemicals and evacuation. The company has also been awarded with two transmission projects - Lakadia 1 and Kandla for enhancing clean energy transmission footprint. In an AGM speech to his shareholders in August 2024, Mukesh Ambani, Chairman and Managing Director of Reliance asserted his confidence of the New Energy Youth growth engine aiming to deliver the earning capacity, similar to what the existing O2C business earns and has achieved in the last four decades. "We believe that our New Energy business will be truly unique--delivering cash flows that are less cyclical and more predictable. I am, therefore, confident that in the next 5 to 7 years, our New Energy growth engine can aim to deliver an earning capacity, like what our existing O2C business earns and what it has achieved over the last four decades," said Mukesh Ambduring his speech. (ANI)
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Business Standard
11 hours ago
- Business Standard
JIO, Retail, O2C, New Energy: What analysts expect from RIL AGM on Aug. 29
At the AGM in 2024, Mukesh Ambani-controlled RIL guided for 2x growth in its business by 2030, with JIO and Retail envisaged to double over the next three-four years Puneet Wadhwa New Delhi Reliance Industries (RIL) is scheduled to hold its annual general meeting on Friday, August 29. There are expectations that the company will spell out details on its plans to double the overall business by 2030, roadmap for doubling of JIO and Retail business verticals in three–four years and game plan for the New Energy (NE) business vertical replicating earnings from the oil-to-chemicals (O2C) segment going ahead. At the AGM in 2024, Mukesh Ambani-controlled RIL guided for 2x growth in its business by 2030, with JIO and Retail envisaged to double over the next three–four years. Additionally, RIL had guided for a 'remarkable surge' in the NE business with prospective profitability potentially equalling current O2C profitability over the next five–seven years. Currently, O2C is RIL's largest profit base, contributing two–fifths of EBITDA at Rs 686 billion of the consolidated EBITDA of Rs 1654 billion in fiscal year 2024-25 (FY25), and more than half of attributable profit after tax (PAT) for the company. RIL's net debt, analysts believe, remains modest at Rs 1.18 trillion and keeps weighted average cost of capital (WACC) in check. At the bourses, meanwhile, the stock has been an outperformer, rallying nearly 14.5 per cent thus far in calendar year 2025 (CY25) as compared to 3.2 per cent rally in the BSE Oil & Gas index and a flat return by the BSE Sensex during this period, ACE Equity data shows. RIL Annual Report 2025 On Thursday, RIL had cautioned that geopolitical tensions and tariff-related uncertainty have injected volatility into global markets, curbed energy demand, and squeezed both prices and margins. READ ABOUT IT HERE Here's what analysts at Nuvama Institutional Equities expect from RIL's AGM on August 29 across business verticals. New Energy: An update on its fully integrated polysilicon-tomodule, electrolyser and battery manufacturing facility is expected. RIL targets to operationalise the NE platform in four–six quarters, and expects it to become self-funded over the next few years. "Progress on efficiency (over 30 per cent) improvement through next-generation Perovskite technology. Use of captive green power shall cut cost by 25 per cent and aid a 6.4 per cent rise in profit after tax (PAT)," wrote Jal Irani, Akshay Mane and Tanay Kotecha of Nuvama wrote in a recent report. PAT from the New Energy segment, Nuvama believes, shall increase from Rs 3 billion in FY26E to Rs 114 billion by FY30E, soaring at a 140 per cent CAGR over FY26–30E. NE share in PAT shall hence rise to 9 per cent by FY30E, the report said. RIL business forecast JIO and Retail: While the market awaits indication of timelines for Reliance's JIO and Retail IPOs, Nuvama believes that JIO and Retail, if listed separately, shall attract higher values, but may not have material impact on RIL shareholders as it may be offset by a holdco discount. That said, progress on doubling of JIO and Retail EBITDA in the next three–four years—as indicated at the last AGM—is keenly awaited, Nuvama said. "Upon streamlining, growth in its Retail business remains crucial for investors. An update on Jio Hotstar monetisation and FMCG expansion is awaited," the report said. O2C and E&P: O2C – Petchem capacity expansion—polyester (5mtpa), vinyl (3.9mtpa), carbon fibre (20ktpa)—by FY27, analysts said, remains a key variable to monitor as RIL's focus shifts to O2C. "E&P – RIL plans to drill additional wells by H2CY28E to enhance gas production and offset the natural decline at KG-D6 basin," the note said.
Hans India
13 hours ago
- Hans India
Jio gearing up for 6G revolution
New Delhi: Digital services company Jio is actively engaged in development of 6G technology with an aim to be a global leader in the segment, according to annual report of parent firm RIL. It is now the world's largest data operator carrying over 17 exabytes of data traffic monthly with about 60 per cent share of wireless data traffic in India. Jio is actively engaging with the government's IndiaAi mission to build an artificial intelligence ecosystem-- which is expected to consume huge energy due to data processing by high performance computing infrastructure.
