Mukesh Ambani, Chairman and Managing Director of Reliance Industries, speaks during a convocation at the Pandit Deendayal Petroleum University in Gandhinagar, India, September 23, 2017. REUTERS/Amit Dave/File Photo MUMBAI (Reuters) - India’s Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels. India is one of the world’s biggest users of coal, and renewable energy such as solar power is a priority for Prime Minister Narendra Modi’s government. “Can Reliance become a leading provider of clean and affordable energy to India? Yes we can and yes we will,” billionaire Ambani said at a function on Saturday to mark 40 years of the company. Reliance, owner of the world’s biggest refining complex and also a leading petrochemicals player, expanded its tie-up with BP earlier this year to meet India’s rising fuel and renewable energy demand. Reliance can also be a global producer of innovative materials and among the top 20 companies in the world, Ambani said. He didn’t give details. Reporting by Abhirup Roy and Promit Mukherjee; Editing by Hugh Lawson
India's Reliance Industries will become a major provider of clean energy, its chairman and managing director, Mukesh Ambani, has announced. Petrochemical giant Reliance owns the world's largest refinery. The move would be consistent with India's policy of making a transition to cleaner energy sources.