Reliance Industries bets on clean energy, digital commerce; Nuvama sees 10% profit upside
Reliance Industries, led by Mukesh Ambani, is aggressively expanding its clean energy and digital commerce businesses. The company plans to commission 20 GW of solar and 40 GWh of battery manufacturing this year, with a goal to scale up to 120 GWh. Along with its renewable energy venture, Reliance Retail is also investing in hyperlocal delivery infrastructure and a revamped JioMart app.