Mukesh Ambani Reliance Stock in Focus After ₹18,100 Cr PLI Incentive for 10 GWh Battery Capacity
Reliance Industries Gains Momentum Amid Major Green Energy Push
Mukesh Ambani-led Reliance Industries Limited (RIL) is making headlines once again, this time for securing a crucial agreement under the Production-Linked Incentive (PLI) scheme to set up a 10 GWh battery storage capacity. This move strengthens RIL’s position in India’s clean energy landscape and is expected to drive long-term growth in the renewable energy sector.
Stock Price Movement
Reliance’s stock experienced a slight surge in Tuesday’s trading session, reaching an intra-day high of ₹1,229.90, marking a 1% rise from its previous close at ₹1,224.90 per share. However, the stock later retreated and ended the session at ₹1,223.95 per share.
PLI Scheme: A Major Boost for Reliance’s Clean Energy Goals
The Ministry of Heavy Industries (MHI) has signed an agreement with Reliance New Energy Battery Ltd, a subsidiary of Reliance Industries, for a 10 GWh battery storage capacity allocation under the PLI scheme for Advanced Chemistry Cell (ACC) battery storage.
This scheme, with a total outlay of ₹18,100 crore, aims to promote indigenous battery manufacturing, reduce reliance on imports, and position India as a key player in the global energy storage market.
Reliance secured its allocation following a global competitive bidding process, making it eligible for government incentives. So far, the scheme has awarded 40 GWh out of the total 50 GWh capacity to four companies, marking a significant milestone in India’s green energy transition.
Reliance’s Ambitious Clean Energy Investment Plans
Mukesh Ambani has set an ambitious target for Reliance, aiming to establish 100 GW of renewable energy capacity by 2030.
- In 2021, Reliance committed a $10 billion investment to expand its renewable energy footprint.
- The company plans to invest ₹75,000 crore in developing a new energy manufacturing ecosystem, including solar panel production, hydrogen fuel cell development, and battery storage solutions.
This initiative aligns with India’s vision to achieve net-zero emissions by 2070, and Reliance is playing a pivotal role in this transformation.
Union Budget 2025-26: Key Measures Supporting Battery Manufacturing
The Indian government has taken several steps to boost domestic battery production, including:
- Exempting 35 additional capital goods used in EV battery manufacturing from Basic Customs Duty (BCD).
- Encouraging Indian companies to invest in large-scale cell manufacturing facilities, with over 10 firms currently setting up more than 100 GWh of additional capacity.
These incentives are expected to accelerate India’s transition towards self-sufficiency in battery production, reducing the need for imports and fostering a robust EV and renewable energy ecosystem.
Financial Performance and Market Overview
Reliance’s latest financial results reflect strong growth across its core businesses:
| Financial Metric | Q3 FY25 | Q3 FY24 | Growth (%) |
|---|---|---|---|
| Net Sales | ₹2,39,986 Cr | ₹2,25,086 Cr | +7% |
| Net Profit | ₹21,930 Cr | ₹19,641 Cr | +12% |
| QoQ Profit Growth | – | – | +13.5% |
| Qtr Profit Variation | – | – | +7.38% |
Reliance Industries: Key Stock Market Data
| Metric | Value |
|---|---|
| Market Cap | ₹16,58,257 Cr |
| Current Price | ₹1,225 |
| 52-Week High / Low | ₹1,609 / ₹1,193 |
| Stock P/E | 24.0 |
| Book Value | ₹606 |
| Dividend Yield | 0.41% |
| ROCE (Return on Capital Employed) | 9.61% |
| ROE (Return on Equity) | 9.25% |
| Face Value | ₹10.0 |
| Promoter Holding | 50.1% |
| Debt to Equity Ratio | 0.44 |
| Industry P/E | 18.8 |
| Pledged Percentage | 0.00% |
| Graham Number | ₹835 |
| Intrinsic Value | ₹528 |
| RSI (Relative Strength Index) | 42.6 |
| EPS (Earnings Per Share) | ₹51.1 |
| No. of Equity Shares | 1,353 |
| PEG Ratio | 2.00 |
| 200 DMA (Daily Moving Average) | ₹1,334 |
| Free Cash Flow (3 Years) | ₹18,088 Cr |
| Free Cash Flow (Latest Year) | ₹21,212 Cr |
Reliance Industries: A Market Leader in Energy and Beyond
Reliance Industries Limited (RIL) is India’s largest private sector conglomerate and a Fortune 500 company. It has diverse operations across:
- Oil and Gas Exploration & Production
- Petrochemicals & Refining
- Retail & Digital Services (Jio Platforms)
- New Energy & Renewables (Solar, Hydrogen, Battery Storage)
With a strong foothold in both traditional and emerging sectors, RIL continues to attract investor confidence.
What Lies Ahead for RIL?
- Battery Storage Boom: With the PLI incentives and government support, Reliance is expected to emerge as a leader in energy storage solutions.
- Renewable Energy Expansion: The company’s focus on 100 GW renewable capacity by 2030 could boost long-term revenue.
- Stock Price Outlook: Analysts remain optimistic, given RIL’s consistent earnings growth, strategic investments, and government-backed incentives.
Conclusion
Mukesh Ambani’s Reliance Industries is at the forefront of India’s energy transformation, leveraging PLI incentives to strengthen its presence in the battery storage and clean energy sector. With robust financials, strategic investments, and government backing, RIL remains a key stock to watch for long-term investors.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.