RIL sets up GCC in Singapore to boost new energy initiatives
14 Mar 2025 / 05 min read
The new entity, REC Sustainable Energy Solutions, will serve as a hub for RIL's global R&D efforts, enabling it to tap into international talent and expertise in the clean energy sector.
Reliance Industries Ltd (RIL) has incorporated a wholly-owned subsidiary in Singapore, REC Sustainable Energy Solutions Pte. Ltd., to establish a global capability centre (GCC) that will consolidate the company's research and development (R&D) activities, facilitate the recruitment of global talent, and provide technical and procurement services to support its new energy initiatives, the company said in a regulatory filing on February 12.
The move is part of RIL's strategic efforts to transition into a net-zero carbon company by 2035, as announced by its chairman, Mukesh Ambani, in 2020. The company has been aggressively investing in renewable energy, hydrogen, and other clean energy technologies to achieve its ambitious sustainability goals.
The new entity, REC Sustainable Energy Solutions, will serve as a hub for RIL's global R&D efforts, enabling the company to tap into international talent and expertise in the clean energy sector. The centre will also provide technical and procurement services to support RIL's new energy projects, including solar, wind, and hydrogen fuel cells.
"...the company has incorporated a wholly owned subsidiary, named REC Sustainable Energy Solutions Pte. Ltd. (‘REC SES’) on February 12, 2025, in Singapore, to set up a global capability centre for consolidating research and development (R&D) activities, facilitating the recruitment of global talent, and providing technical and procurement services to support the company’s new energy initiatives," according to a stock exchange filing.
RIL has invested $100,000 in the new subsidiary, which is a relatively small investment compared to the company's overall capital expenditure plans. However, the move is significant as it marks RIL's foray into the global clean energy landscape and underscores its commitment to reducing its carbon footprint.
The incorporation of REC Sustainable Energy Solutions in Singapore is also a strategic move, given the city-state's reputation as a global hub for clean energy innovation and finance. Singapore has been actively promoting itself as a centre for sustainable finance and clean energy investments, and RIL's decision to set up its GCC there is likely to attract more Indian companies to follow suit.
Overall, RIL’s move to establish a global capability centre in Singapore is a significant step towards achieving its sustainability goals and positioning itself as a leader in the global clean energy landscape.
