As of now, Ambani’s plan sounds a lot like Elon Musk’s Tesla minus the electric vehicles.
India’s richest man is making a strategic shift towards renewable energy.
This is significant because over 60% of RIL’s consolidated revenue comes from fossil fuels and their by-products.
Global investment bank Morgan Stanley expects RIL to pump in $13 billion to $15 billion into renewable energy space in the next 10 years.
One of the reasons for RIL hiving off its oil-to-chemicals business is to revive the deal talks with Saudi Arabia’s Aramco.
The Kingdom of Saudi Arabia itself is planning to invest in renewables in a big way and reduce its carbon footprint.

https://www-businessinsider-in.cdn.ampproject.org/c/s/www.businessinsider.in/business/corporates/news/mukesh-ambani-says-he-will-make-batteries-ahead-of-a-boom-in-electric-vehicles/amp_articleshow/81166590.cms