Reliance AGM: ICICI Securities is optimistic about the prospects of RIL’s green energy business as well as the strong momentum being seen in consumer business segments over the next 12-18 months; it, however, says positives are already priced in.
Mukesh Ambani said that RIL will leverage its “world-class execution capability and strong debt-free balance sheet” to improve the economics of the green ecosystem to directly compete with fossil fuels.
Reliance Industries Ltd, whose offering of rock-bottom tariffs shook up the telecom industry, is looking to repeat the feat in the green energy business, where its billionaire chairman Mukesh Ambani sees promise to outshine all existing growth engines in 5-7 years.