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Reliance Industries (RIL) is planning to invest Rs 75,000 crore in a new energy business over the next three years, with a focus on solar, batteries, and hydrogen. The company aims to reach 100GW of installation by 2030, 36% of India's total solar capacity of 280GW. It plans to build four giga factories to produce integrated solar PV modules, electrolyzers, fuel cells, and batteries for energy storage from the grid.

RIL Green Energy Business: Reliance Industries (RIL) is planning to invest Rs 75,000 crore in a new energy business over the next three years, with a focus on solar, batteries, and hydrogen. The company aims to reach 100GW of installation by 2030, 36% of India's total solar capacity of 280GW. It plans to build four giga factories to produce integrated solar PV modules, electrolyzers, fuel cells, and batteries for energy storage from the grid.

The move, which comes after a ruling by the International Trade Commission, could create a run on watch sales in the week before Christmas.

Bernstein Research senior semiconductor analyst Stacy Rasgon thinks the Nvidia stock is still a value purchase, with a target price of $700.