Under plans announced, the company will invest across solar, batteries and hydrogen to create an integrated clean energy ecosystem. "Clean energy has the potential to be value accretive if Reliance can pull it off," it said. "Based on capex for clean energy, we see a route to Reliance building a clean energy business, which could be worth $36 billion." It put a valuation of over $69 billion for the O2C business, $66 billion for digital services and $81.2 billion for retail. "Many oil companies have tried and failed to become clean energy manufacturing companies and instead focus on clean energy production.

Source: Mint July 18, 2021 09:33 UTC