amid expectations that the company may spell out its plans for the oil-to-chemical (O2C) telecom, digital and retailing verticals.
on Thursday announced a Rs 75,000 crore investment in setting up four 'Giga' factories to make solar photovoltaic cells, green hydrogen, batteries and fuel cells over the next three years. Addressing the company's annual shareholder meeting, he said Reliance will set up 100 GW of solar power generating capacity.
"We plan to build four Giga Factories to manufacture and integrate all critical components of new energy ecosystem solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory," Ambani said.
Ambani also announced plans to launch JioPhone Next, a fully featured smartphone, that is developed in partnership with Google. The launch is scheduled for September 10,2021.
"JioPhone Next is one of the most affordable smartphones globally, which has cutting-edge technology," Ambani said.
Speaking about the new smartphone, Google chief Sundar Pichai said that it is built for India and will open up new possibilities for millions of new users who will experience the internet for the first time.
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