In a move to consolidate its new and renewable energy business, Reliance Industries has merged its 16 step-down subsidiary companies into Reliance New Energy. The 16 step-down companies were primarily engaged in various new energy production segments, such as hydrogen electrolyser production and fuel cell manufacturing.
Reliance Industries merged its step-down subsidiary companies- Reliance Power Electronics, Reliance Electrolyser Manufacturing, Reliance Green Hydrogen and Green Chemicals, Reliance New Power Electronics, Reliance New Energy Storage,, Reliance Carbon Fibre Cylinder, Reliance New Energy Carbon Fibre Cylinder, Reliance Hydrogen Electrolysis, Reliance New Energy Hydrogen Electrolysis, Reliance New Energy Power Electronics, Reliance Hydrogen Fuel Cell, Reliance New Energy Hydrogen Fuel Cell, Kutch New Energy Projects, Reliance Petro Materials, Kalamboli East Infra, and Kalamboli North Third Infra- to Reliance New Energy.
Merger significance
The merger of new energy business companies comes at a time when Reliance Industries is heavily investing in building an end-to-end green energy business, from manufacturing solar wafers and solar modules to building battery packs and green hydrogen.
“Reliance is entering a new phase of value creation with its initiatives in the AI and New Energy domains. I am confident that Reliance will play a pioneering role in the evolution of these epoch-defining technologies, providing sustainable solutions at scale for India and the world.” Mukesh Ambani, Reliance Industries Chairman, said in a press statement on the release of Q3 results.
Reliance industries green energy business
Reliance Industries is setting up a mammoth 10 GWp annual solar manufacturing facility. The end-to-end solar manufacturing giga factory will produce from basic elements of solar panels, such as polysilicon, silicon ingots and wafers, to a complete solar panel.
The several-layer gigafactory has commenced manufacturing in some sections. The company said that the gigafactory is on track to be fully commissioned. The company has successfully commissioned the solar module manufacturing and solar cell manufacturing and is ramping up to full capacity.
“On ingots and wafers, we have commissioned our pilot line and will be commissioning our giga factory in phases during the year. Commissioning of polysilicon and glass is planned for this year, with construction progressing at a rapid pace.” Reliance Industries said in its Q3 FY26 investor presentation.
In the battery manufacturing segment, Reliance Industries is building the complete package from the battery cells to battery packs and Battery Energy Storage Systems.
“Construction is in full swing for setting up our 40 GWh annual BESS assembly and cell manufacturing gigafactories, with commissioning planned in various phases during the year.” the company said.