Reliance to set up 10 GW solar plant, invest Rs 40,000 crore for 5G rollout in AP: Mukesh Ambani

Visakhapatnam: Billionaire Mukesh Ambani on Friday announced plans for setting up a 10 gigawatt solar plant in Andhra Pradesh as his oil-to-telecom conglomerate bets big on renewable sources which can be converted into carbon-free green hydrogen. Speaking at the Andhra Pradesh Global Investors Summit, Ambani, Chairman and Managing Director of Reliance Industries Ltd, said his group is investing Rs 40,000 crore for rollout of ultra-high speed 5G telephony network in the state.