Reliance to commission first solar giga-factory in FY25

 Reliance to commission first solar giga-factory in FY25

  • Reliance Industries Ltd, India's most valuable company, plans to commission its first solar giga-factory in the current fiscal as it pivots a green pathway to achieve net zero carbon emissions from operations by 2035. 
  • In its annual report, the firm said it is targeting to commission the first train of 20GW solar PV (photovoltaic) manufacturing by the end of 2024-25 fiscal (April 2024 to March 2025) and scale up to 20GW in a phased manner over 2026.
  • The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity.
  • It is also targeting industrialising sodium-ion cell production at the MW level in 2025 and first 50 MWh a year lithium battery cells pilot in 2026.
  • Reliance had in 2021 announced plans to invest USD 10 billion over three years to develop a new fuels business based on 100 GW of renewable power capacity by 2030. 
  • The plan involves setting up four giga factories for manufacturing renewables equipment, battery storage, fuel cells and hydrogen at Jamnagar in Gujarat.
  • Aim to become the largest renewable energy (RE) developer in India
  • Stable and round-the-clock cost-efficient green power is the need of the hour. India needs to solve this problem to maintain its growth trajectory and reach USD 32 trillion GDP by 2047
  • Reliance said over the next 12 months, its focus is to bring new energy manufacturing facilities on-stream, operate them efficiently and start developing renewable energy generation projects.
  • The firm aims to partner leading global climate technology and product companies and develop a business model which is flexible and adaptable to different technologies and future proofed to be always lowest life cycle cost and best in class.

Comments

Post a Comment

Popular posts from this blog

Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing

  https://youtu.be/mD2k0HOpAxo?si=8H1ue9mw316h2wYr Confidence Petroleum Forays into Hydrogen Cylinder Manufacturing Unlike conventional metal cylinders, type 4four cylinders are entirely corrosion-resistant, lighter by seventy percent, and can accommodate three times more gas.  Constructed from carbon composite with a polymer liner, they boast exceptional safety features. The move signifies Confidence Group’s commitment to spearheading the global energy transition towards a cleaner and greener future.  By prioritizing innovation and environmental stewardship, the company aims to revolutionize the hydrogen storage industry and promote sustainable energy solutions. As reported by The Hitavada, through this venture into the green hydrogen market, Confidence Group aims to position itself as a leader in providing solutions that expedite the adoption of renewable energy sources.  These cylinders will play a pivotal role in the efficient storage and transportation of green ...
Read more

RSI Indicator for finding good value stocks?

  https://youtu.be/IbWEmgJQHx4?si=D0TUacnxi_9B33qM Is a Good RSI Indicator The relative strength index is a momentum indicator that looks at the pace of recent price changes to determine whether a stock is ripe for a rally or a selloff. Traders who are looking for investment opportunities should look for RSI values  that hit 30 or fall below that level.  This allows them to look for investment options that may be undervalued where the price may increase in the future.  But it's important for investors to remain steadfast and avoid making hasty decisions, since market conditions can change at a moment's notice.
Read more

Poonawalla Fincorp: I love stocks at 52L

https://youtube.com/shorts/kEd4ftcXaV4?si=8FpeXOzf0qyTs_Mo   Poonawalla Fincorp: I love stocks at 52L AUM up 52% YoY to ₹26,972 crore PPoP at ₹432 crore in Q1FY25, up 47% YoY and 6% QoQ  Assets:  ➢ Assets Under Management (AUM) stood at ₹26,972 crore, up 52% YoY and 8% QoQ  ➢ AUM Mix consist of 35% MSME finance, followed by 28% personal and consumer finance, 17% loan against property and 14% pre-owned car.   Asset Quality:  ➢ Gross NPA at 0.67%, lower 75bps YoY and 49bps QoQ  ➢ Net NPA at 0.32%, lower 44bps YoY and 27bps QoQ  ➢ Provision Coverage Ratio stood at 52.53%   Profitability:  ➢ Operating Profit (PPOP) was ₹432 crore, up 47% YoY and 6% QoQ  ➢ Profit After Tax (PAT) was ₹292 crore, up 46% YoY  ➢ Return on Assets (RoA) stood at 4.62%  ➢ Net Interest Income (inc. fees and other income) was ₹676 crore, up 42% YoY and 5% QoQ
Read more