Reliance Industries: Reliance Industries’ stock will run like a rocket, Mukesh Ambani’s new engine of growth – mukesh ambani may hive off reliance industries green hydrogen business to invite
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According to Jefferies, Reliance will use green hydrogen instead of gray hydrogen in its refineries. The company can monetize captive green hydrogen production by putting it in an InvIT. Infrastructure Investment Trust ie InvIT is a collective investment scheme. It is like a mutual fund. In this, individual and institutional investors can invest in direct infrastructure projects. According to a report in Business Standard, Reliance officials said that the company is not in a hurry right now. She will wait for the green hydrogen plant to start production for better evaluation.
Mukesh Ambani will handle Green Energy
Ambani has already divided his business among all three children. Elder son Akash Ambani has been given the command of the telecom business while the retail business has been entrusted to daughter Isha Ambani. Oil refining and petrochemicals business has come in the share of younger son Anant Ambani. According to media reports, 65-year-old Mukesh Ambani will now focus his full attention on the green energy business. Reliance has set a target of investing a whopping $75 billion in the next 15 years on the green energy business. Reliance has set a target of becoming a carbon net-zero company by 2035.
It is not that Reliance is going to resort to InvIT for the first time to unlock value. In 2019, the company had separated its gas pipeline business. Its valuation was Rs 13000 crore. Canadian financial company Brookfield was included as an investor in this. In October 2020 also, Reliance monetized its fiber optic network through InvIT. On Wednesday, Reliance’s stock was trading at Rs 2489.40, up 0.44 per cent.
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engine of growth
Mukesh Ambani of sources will see the strategy related to green energy of Reliance. This includes the construction of giga factories and blue hydrogen facilities. Along with this, the company will also expand through acquisition. Talks are also being held with potential investors for this. It is said about Ambani that he works with body, mind and wealth on any project. In 1990, he worked day and night for the petroleum business. After this, in the last two decades, his emphasis was on the telecom business. Now his full emphasis is on green energy. This is going to be the new engine of growth for the company. Ambani claims that Reliance’s green energy business will become the most profitable business in the next 5 to 7 years.
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