Mukesh Ambani Announces Rs 75,000 Crore Investment For 'Giga Factories'

With an aim to produce clean energy, Mukesh Ambani announced Rs 75,000 crore investment for the set up of "Giga Factories", on June 24. The factories will be set to up produce solar photovoltaic cells, green hydrogen, batteries, and fuel cells over the next three years to bridge the "green energy divide in India and globally". In the company's shareholders' meeting, he stated that Reliance will be capable of generating 100GW of solar power.