Mukesh Ambani to focus on Reliance Industry’s green energy pivot, while scions head other units

Mumbai,5/1: Mukesh Ambani the billionaire chairman of Reliance Industries Ltd., will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses.

The 65-year-old will oversee strategy, including the building of gigafactories and blue hydrogen facilities, will assess acquisition targets, and is talking to potential investors, the people said, asking not to be named as the information isn’t public. Ambani last year unveiled plans to spend $75 billion on clean energy projects over the next 15 years.

Asia’s second-richest man is known for his single-minded focus on key pursuits: In the 1990s he lived for months in shipping containers to build what is today the world’s largest petrochemical refinery and about two decades later another of his upstart firms became India’s biggest telecom operator. Ambani has since handed the operational reins to his three children and turned his attention to green energy, which will see him go head-to-head with the region’s wealthiest person, Gautam Adani.