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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While both giants are set to spend billions in the nascent industry, the Mukesh Ambani-led conglomerate has a clear advantage over the Adani group.
Editor's note: This week, billionaires Gautam Adani and Mukesh Ambani made big announcements on their competing efforts to produce green hydrogen as a fuel. Adani said his group will set up three gigafactories in India to make solar modules, wind turbines and hydrogen electrolysers. Meanwhile, Reliance Industries announced that it will buy a majority stake in California-based solar energy software developer SenseHawk, as part of its renewable energy initiatives. Both announcements are key to boosting the two conglomerates’ clean energy ambitions, for which they are pouring billions of dollars. In all, Reliance Industries will invest $10 billion (roughly Rs 80,000 crore) over the next three years, while the Adani group will spend $70 billion (about Rs 5.6 lakh crore) over the next decade towards clean energy. To this end, both companies have made it clear that they want to capture the country’s green hydrogen ecosystem. The plan is to build an entire value chain around green hydrogen—from solar modules and wind turbines to battery packs—and use the technology as an alternative to fossil fuels. What is green hydrogen? The universe’s most abundant …
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
