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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The government’s massive push for renewable power, the desire to scale in a new line of business, or simply the prospect of making a killing a few years down the road.
Editor's note: The announcement had Mukesh Ambani written all over it. It came unannounced, involved a whopping $10 billion outlay and held the promise of making Reliance Industries Ltd the biggest player in the sector. We are talking about Ambani's plans for renewable energy, which he announced at the company's annual general meeting last month. Even though Reliance has hired the odd executive or two in the renewable energy space over the last 18 months, no one had an inkling as to what was in store. Even senior executives within the company, who usually come to know when Ambani is excited about a new business, were taken by surprise. At the meeting, Ambani disclosed that Reliance would set up 100 gigawatt of solar energy capacity over the next decade and build four “giga” factories in Jamnagar, Gujarat, where its refinery—the world's largest—is located, to manufacture components for solar and hydrogen-based energy generation. Ambani’s business ideas, like his father Dhirubhai’s, have always been rooted in simplicity and aimed at disrupting rivals. He usually zeroes in on a tearing need of the Indian market …
The government’s massive push for renewable power, the desire to scale in a new line of business, or simply the prospect of making a killing a few years down the road.
Editor's note: The announcement had Mukesh Ambani written all over it. It came unannounced, involved a whopping $10 billion outlay and held the promise of making Reliance Industries Ltd the biggest player in the sector. We are talking about Ambani's plans for renewable energy, which he announced at the company's annual general meeting last month. Even though Reliance has hired the odd executive or two in the renewable energy space over the last 18 months, no one had an inkling as to what was in store. Even senior executives within the company, who usually come to know when Ambani is excited about a new business, were taken by surprise. At the meeting, Ambani disclosed that Reliance would set up 100 gigawatt of solar energy capacity over the next decade and build four “giga” factories in Jamnagar, Gujarat, where its refinery—the world's largest—is located, to manufacture components for solar and hydrogen-based energy generation. Ambani’s business ideas, like his father Dhirubhai’s, have always been rooted in simplicity and aimed at disrupting rivals. He usually zeroes in on a tearing need of the Indian market …
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
