RIL's New Energy Business to Be Fully Operational in 4-6 Quarters.

Reliance Industries (RIL) is poised to fully operationalize its ambitious new energy business within the next four to six quarters. This includes the complete ramp-up of manufacturing facilities, initiation of power generation, and the production of green chemicals.

Karan Suri, Senior Vice President of New Energy at Reliance, emphasized the strategic importance of this venture during the company's recent analyst presentation. "New energy is effectively our next growth engine for Reliance," Suri stated. He further added that the new energy platform is designed to be a self-funded entity, driven by its own profitability and monetization efforts, which will "deliver a perpetual perennial growth for Reliance and our shareholders."

Reliance has already begun manufacturing HJT (Heterojunction Technology) solar modules, which Suri highlighted as "one of the largest in size for the utility scale, one of the most efficient." He also indicated the company's continuous commitment to innovation, stating, "we are not stopping there, we are still continuing to progress on the technology, innovating, increasing efficiency, reducing the cost."