Reliance AGM report card: Company missed these key targets set over the last five years

There were many shortcomings in the new energy sector vertical, which was touted as the next big growth engine of the conglomerate, ranging from oil to telecommunications. For example, in June 2021, Ambani said that Reliance would make its first investment. ₹75,000 crore in the new energy vertical in the next three years. The money would be invested in setting up four gigafactories, including an integrated solar module unit, a battery unit, an electrolysis unit and a fuel cell unit.