An infrastructure investment trust (InvIT) is a collective investment scheme, similar to a mutual fund, which enables direct investment by individuals and institutional investors into infrastructure projects for earning dividends.
When contacted, RIL officials said it's too early to go ahead with such a transaction and the company shall rather wait for the plant to start operations to get a better valuation for the green hydrogen project.
Jeffries has valued RIL’s electrolyser manufacturing business at a 20 per cent discount to the European benchmark.
It said any meaningful capital subsidy from the government in the future would aid the valuation of RIL’s green hydrogen foray.
Last year, Reliance announced plans to invest $76 billion (Rs 6.2 trillion) into clean energy projects. Of this, about Rs 5 trillion was to be used to build 100 gigawatts of renewable power projects and a green hydrogen network in the next 15 years. RIL plans to invest another Rs 60,000 crore to make solar modules, hydrogen electrolysers, fuel cells, and storage batteries in Jamnagar.
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