Reliance Industries Ltd (RIL) is preparing to begin production at its solar cell manufacturing facility in the next quarter. The move marks a key milestone in the company’s strategy to build a fully integrated solar manufacturing and energy ecosystem at its Jamnagar site in Gujarat.
The Jamnagar complex is being developed as a complete solar production hub—from raw material to finished module—covering every stage including polysilicon, wafers, solar cells, modules, and solar glass. Production has already commenced for high-efficiency Heterojunction Technology (HJT) solar modules, designed for large-scale solar power projects.
In support of its solar manufacturing efforts, RIL is also constructing what is set to be India’s largest solar glass facility. The factory, which stretches over 1.3 kilometers, will supply glass for in-house module production.
This initiative forms part of Reliance’s broader plan to build a cost-effective, end-to-end clean energy platform. The goal is to supply affordable renewable power to group operations and external customers alike.
“We are building a fully integrated energy platform, from materials to high-performance solar panels and advanced battery systems,” said Karan Suri, Senior Vice President of New Energy at Reliance Industries. “This scale and integration will reduce power costs by at least 25% for our group companies, and significantly improve return on investment across both manufacturing and generation.”
To enable continuous renewable energy supply, RIL is combining solar generation with battery energy storage systems at its upcoming projects in Kutch. “We’re working toward a just-in-time model—modules will be shipped directly from Jamnagar to our installation sites. Once at full capacity, we expect to install about 50 megawatts of solar panels and 175 megawatt-hours of battery systems daily,” Mr Suri added.
Reliance is also setting up facilities to manufacture alkaline electrolyzers, which will be used to produce green hydrogen powered by the company’s own renewable energy projects. A dedicated transmission network is being laid between Kutch and Jamnagar to supply this clean power to Reliance’s industrial operations and future ventures.
With access to 700,000 acres of land in Kutch, RIL’s long-term plan includes developing up to 125 GW of renewable energy capacity. The company expects its fully integrated model—from photovoltaic module manufacturing to energy production and hydrogen generation—to offer competitive costs and strong financial returns.
“This will be one of the largest and most integrated clean energy operations globally—arguably the most comprehensive outside of China,” said Mr Suri. “What Jio did for data, we now aim to do for energy: expand access, reduce costs, and reshape the sector in India.”
Reliance Industries Limited, India’s largest private-sector company, reported impressive financial results for the fiscal year ending March 31, 2024, with a consolidated revenue of INR 10,00,122 crore (US$ 119.9 billion), a cash profit of INR 1,41,969 crore (US$ 17.0 billion), and a net profit of INR 79,020 crore (US$ 9.5 billion). The company’s diverse operations cover a wide range of sectors, including hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable energy (solar and hydrogen), retail, and digital services.
Ranked 86th on the Fortune Global 500 list of the “World’s Largest Companies” for 2024, Reliance holds the distinction of being the largest private sector company from India to feature on this prestigious list. It also claims the 49th spot in Forbes’ 2024 Global 2000 rankings of “World’s Largest Public Companies,” the highest position among Indian firms. These rankings reflect the company’s substantial global presence and the breadth of its business activities.
Reliance’s influence extends beyond financial success, earning recognition as one of the most impactful corporations worldwide. It was named in Time’s 100 Most Influential Companies of 2024, marking the second time the company has received this honor. This recognition highlights Reliance’s significant contributions across industries, including energy, retail, and digital services, cementing its position as a global leader.
On the employment front, Reliance has been acknowledged for its commitment to creating a great work environment. It is the highest-ranked Indian company and the only one within the top 100 on Forbes’ “World’s Best Employers” 2023 list. This prestigious recognition underscores Reliance’s focus on providing a positive workplace and fostering employee growth and satisfaction.
Additionally, the company continues to be a top choice for career development. It was featured in LinkedIn’s “Top Companies 2023: The 25 Best Workplaces to Grow Your Career in India,” further affirming its role as an employer of choice. These accolades reflect Reliance’s strong performance in both business and employee relations, marking it as a leader in multiple spheres globally.
