RIL may enter thermal power sector
Energy major Reliance Industries is looking for opportunities to enter in to coal-based power plants as demand for power in the country is increasing manifolds every year and huge gap between demand and supply.
Reliance’s owner Mukesh Ambani and his estranged younger brother Anil ended a non-compete pact last month, freeing Mukesh to invest where ever he sees opportunity, with financial services, power and infrastructure on his target list.
For RIL power sector is not new as it is already supplying power to Jamngar refinery, Hazira petrochemical complex and Jamngar city through 800 Mw captive power plant, and said sources close to the family.
The company might enter in to the bidding process during next round of UMPPs are offered by the government. However it is unlikely that, RIL will enter in to telecom or financial service sector as RIL are a B2B company and not B2C company
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