Mukesh Ambani on energy policy
From Mukesh Ambani Speech LIVE | Reliance AGM 2023 | 46th Annual General Meeting - TV9 · · TV9 Telugu Live
“Reliance's new energy and new materials businesses squarely address this dilemma. Green energy is becoming affordable because its costs are already much less than those of non-renewables and they will come down further. Green energy is sustainable because the sun and the wind are never going to disappear. Green energy is secure because India will no longer be dependent on large scale Imports for its energy needs.”
On , Mukesh Ambani, Chairman & Managing Director at Reliance Industries, spoke about energy policy during Mukesh Ambani Speech LIVE | Reliance AGM 2023 | 46th Annual General Meeting - TV9 on TV9 Telugu Live.
About Mukesh Ambani
During Reliance Industries' Q4 FY26 earnings conference call on April 29, 2026, Mukesh Ambani described the macroeconomic environment as "totally unprecedented," noting that Dubai crude surged to $168 per barrel and LNG prices rose to about $27 per mmBtu. He cited a supply shock impacting industry and consumer confidence, along with rupee depreciation of 11% for the year and 4% in March, as areas of concern. Ambani also mentioned that insurance premiums for shipping had risen from a few thousand dollars to as high as $65,000 or more due to the warlike situation. Ambani stated that Reliance had secured crude cargoes from diverse sources including Venezuela, Russia, Brazil, and Mexico, leveraging its ability to process over 200 grades of crude. He highlighted the signing of what he called "one of the world's largest green ammonia supply contracts" with Samsung CND, and said the government had formed a joint working group to ensure critical sectors are not starved of feedstocks, with exceptions being made from the LPG control order. For the company's telecom business, Ambani identified priority areas as gaining market share in mobility, home services, and enterprises, as well as scaling up recently launched digital services.