Reliance Profit Soars, Focus on Clean Energy

  Published 8 months ago

Reliance Industries posts 78% profit surge, eyes investor partnerships for clean energy as doubts grow over sector’s near-term returns.

  • Q1 net profit rose 78% YoY to ₹269.94 billion, aided by Asian Paints investment sale gains.
  • Reliance plans to operationalize its clean energy unit in 4–6 quarters, seeking financing and offtake partners.
  • Concerns persist as India trims subsidies; backers await IPOs for consumer ventures amid clean energy skepticism.

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