Reliance Industries: Mukesh Ambanis Reliance Industries Limited has started its first unit for the production of solar panels and is moving towards building battery storage production facilities. The company provided this information during a presentation to investors. Reliance had unveiled a $10 billion plan covering renewable energy storage and hydrogen in 2021 as it is pursuing a net-zero carbon emissions position by 2035. It is worth mentioning that Reliances shares may remain in focus tomorrow April 28. The companys shares closed at Rs 1301 on Friday April 25. Reliance is Indias largest conglomerate active in sectors ranging from oil and petrochemicals to telecommunications and retail. On Friday while announcing the income for the previous financial year (2024-25) in an investor presentation Reliance said “The first line of solar PV modules has been commissioned.” Reliance Industries Limited has joined companies like Adani Group Tata Waaree Energy and Vikram Solar that manufacture solar PV modules. The government has ordered that from June 2026 all renewable energy projects must use solar PV modules made from locally produced cells in order to reduce dependence on Chinese imports and promote domestic manufacturing capabilities. Domestic solar panel manufacturing will help India achieve its ambitious target of 500 gigawatts of renewable energy capacity by 2030. Reliance is building Giga factories on a 5000-acre site in Jamnagar Gujarat where photovoltaic (PV) modules batteries hydrogen electrolyzers and fuel cells will be produced. PV modules are commonly known as solar panels which convert sunlight directly into electricity using the photovoltaic effect. Reliances Chief Financial Officer (CFO) V.C. Venkatchari mentioned at an investor conference that the capacity of 10 gigawatts per year is designed in such a way that we can quickly scale it up to 20 gigawatts. He also stated that Reliance is focusing on battery manufacturing at a rate of 30 gigawatts per hour.