Mumbai / New Delhi: Anant Ambani, Chair of the Putra Younger Reliance Industries (RIL) Mukesh Ambani, has been appointed as Director of New Energy Dependence and New Solar Energy Dependence, expanding his role in the family business.
The two entities were put in a little more than two weeks before RIL launched a green energy plan at the annual shareholder meeting on June 24.
In February this year, Anant, 26, was sworn in as Director of Reliance O2C, where Saudi Aramco was estimated to be investors, and a year before that, he was appointed at the Jio Platform Board, where his brothers and sisters and Akash were also members.
RIL did not respond to questionnaires from TOI.
While Mukesh Ambani, 64, hasn’t described the planning of succession in RIL, questions like ‘who’s next?’ It has begun to emerge in the investor community.
In the case of Ambani itself, after the death of his father, the founder of Ril Dhirubhai Ambani, in 2002, there was a dispute over the succession between him and his brother Anil.
Dhirubhai did not leave the will and family business must be divided, with Mukesh to get RIL (refining oil and petrochemical) and annealing the energy, finance and telecommunications units as part of the solution.
In addition to the Jio, Isha and Akash platform, the 29-year-old twins, are in the Reliance Reliance Retail Ventures.
Both the Jio platform and Reliance knitted business have attracted billions of dollars in investment and carrying global names like Google, Facebook, Saudi Arabia public investment funds to help expand their digital and e-commerce traces.
With the promise of Anant’s latest board, all three children now have a representation in the main business of RIL.
After the recent separation from the distillation and petrochemical unit to rely on O2C, RIL looks similar to Tata Sons, a diverse Group business parent company.
RIL also paved the way for initial public offering from the Jio platform and Reliance knitted business, which is expected to take place in the near future.
Apart from the new dependence on solar energy and new dependence on new solar energy, RIL included five other entities since June – the dependency of new energy storage, Reliance Solar Projects, Reliance Storage, Reliance New Energy Carbon Fiber and Reliance Energy Hydrogeny Electrolysis.
Their name shows that the entity is set for clean energy games.
All seven companies each have three directors.
General Director at all of these entities is Shanker Natarajan.
At the annual shareholder meeting last month, Ambani said that RIL will invest 75,000 crore in clean energy for three years, but details about how it intends to express green games has not been revealed.
Ren-renewable electric steps come more than a decade after Mukesh and Aniles cancel all business agreements that do not compete among them.