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Indian fossil-fuel tycoon outlines green projects worth R1.2-trillion

Indian fossilfuel tycoon outlines green projects worth R12trillion
Billionaire Mukesh Ambani, the richest man in India signs agreements with Gujarat state officials for a raft of renewable programmes over the next 15 years
Billionaire Mukesh Ambani, the richest man in India signs agreements with Gujarat state officials for a raft of renewable programmes over the next 15 years

16 January 2022 - 06:45 P R Sanjai and Rajesh Kumar Singh

Mukesh Ambani, the richest man in India, has announced plans to invest almost 6-trillion rupees (about R1.2-trillion) in clean energy projects, dwarfing an earlier commitment of 750bn rupees he made in June last year.

Reliance Industries, controlled by Ambani — the world’s biggest fossil-fuel billionaire — has signed agreements with the state government of Gujarat for a total investment  of 5.96-trillion rupees, according to an exchange filing on Thursday...

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