Reliance Reveals its 15-Year Plan for Transformation to New Energy Company
- Journalist: Timothy Greene
The far-out vision of Billionaire Mukesh Ambani is to transform Reliance Industries into a leading business unit that works for recycling of CO2, manufacturing of valuable products from plastic waste and providing a profound mix of eco-friendly and affordable energy services. As an initial step towards becoming the global leader in new energy and materials company, RIL has declared itself open to collaborate with investors, technological partners, and entrepreneurs with futuristic solutions. As of now, despite of the uncertainties prevailing from muted demand patterns of several petrochemical commodities across globe, Reliance Oil to Chemical business is anticipated to successfully serve the company with sustained revenue for a couple of years. Moreover, to initiate improvement in profit intakes, Reliance is currently focusing on marketing domestic fuel coupled with cost optimization in process of deep petrochemical integration.