Reliance Industries Limited (RIL) is strategically looking towards renewable energy and petrochemicals as key drivers for future growth. The company plans to invest ₹75,000 crore in each of these segments. Under the new energy business, RIL has identified solar power generation, solar photovoltaic modules, battery packs, and green hydrogen as focus areas, with plans for operationalization within three-four years. The company has already started commissioning solar PV modules and is set to establish a battery manufacturing facility using lithium ion phosphate technology. Additionally, RIL has allocated 2,000 acres of land in Gujarat for a green hydrogen and related chemicals plant. The shift towards new energy initiatives is expected to positively impact the company's financial performance by FY27-28. Despite challenges faced by its oil-to-chemicals division, analysts are optimistic about RIL's future, projecting growth in its consolidated Ebitda and net profit in the coming years.