Reliance New Energy set to rival Oil to Chemicals in next 5 to 7 years

Mukesh Ambani has outlined a bold vision for

New Energy business, stating it has the potential to match the scale of its Oil-to-Chemicals (O2C) operations within 5–7 years. The Dhirubhai Ambani Giga Energy Complex at Jamnagar is progressing at record pace, spanning 44 million sq. ft. of construction area (4x Tesla’s Gigafactory), using 7 lakh tonnes of steel (equal to 100 Eiffel Towers) and 1 lakh km of cable (enough to reach the moon and back). The venture aims to deliver round-the-clock renewable energy and green fuels such as ammonia, e-methanol and sustainable aviation fuel. Reliance has already rolled out its first 200 MW of HJT solar modules, which offer 10% higher yield, 20% better temperature performance and 25% lower degradation, with plans to scale up to 20 GWp, making it the world’s largest single-site solar facility. Meanwhile, the O2C business posted a 10.8% YoY rise in Q1 FY26 EBITDA to ₹14,511 crore ($1.7 bn), with margins improving to 9.4% from 8.3% last year. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.