At the company's AGM of shareholders last month, Ambani announced a plan to invest Rs 75,000 crore in a new energy business over the next 3 years in the next stage in its transformation.
The Reliance Group has the largest family of retail shareholders in India, with around 33 lakh retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure and 8 lakh in Reliance Capital.
Since 2017, Reliance Industries Ltd along with its JV Partner bp had embarked on concurrent development of three deep water fields in the Krishna Godavari basin block.