This is HUGE!!! Because… 60% of Reliance’s consolidated revenue comes from fossil fuels & its byproducts… an industry which is completely against EVs, clean environment and… even the sprite or essence of EVs!

Reliance had recently de-merged its Oil to Chemical business into a wholly owned subsidiary and is also in talks with Saudi Arabia’s Aramco for a 20% stake in Reliance.

This means Reliance is stacking up huge mountain of money to invest in manufacturing batteries!!!

Ambani’s game plan is still to unfold… and the punch is yet to land, but it is safe to…