Goldman Sachs: Mukesh Ambani, the country's richest man and chairman of Reliance Industries, has till now paid special attention to the hydrocarbon and telecom sectors. Now the focus of Reliance Group is going to be retail and new energy. Goldman Sachs has claimed in its report that the company is going to pay special attention to these sectors in the coming 3 years. In the last 10 years, the company has invested about $ 125 billion in expanding its hydrocarbon and telecom businesses. Now Mukesh Ambani will invest money in new sectors.
The company wants to increase prices by expanding 5G
Goldman Sachs has said in its report that Reliance Group has invested about 30 billion dollars in oil to chemical business from financial year 2013 to 18. Apart from this, approximately $60 billion has been spent in promoting 4G and 5G in the telecom business from FY 13 to 24. The company plans to increase the prices of services by spreading 5G across the country. He wants to transform the telecom business into a huge cash generating business. At present, milch cow is its refinery and petrochemical business for the company.
Quick development possible in retail and new energy
The report claims that retail (Reliance Retail) and New Energy (Reliance New Energy) the company is going to pay special attention for the next 3 years. In this, the company is expected to get higher returns in relation to lower costs. Where it takes up to 5 years to develop a refinery or petrochemical factory. At the same time, it takes about 2 years to build a solar plant and only 6 to 12 months to prepare a retail store. According to Goldman Sachs, Reliance has kept a huge amount ready for investment in retail business.
Solar and battery manufacturing plant will be set up
According to the report, Reliance Industries will invest about $ 10 billion in solar and battery manufacturing in two phases. The company plans to first set up a solar and battery manufacturing plant. After this, a huge amount will be spent on solar, electrolyzer and wind energy.
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