Mukesh Ambani Identifies Youngest Son Anant As New Energy Business Leader


Share post:

Mukesh Ambani identifies youngest son Anant as leader for new energy business

Mukesh Ambani identifies youngest son Anant as leader for new energy business in succession plan at Reliance.

That comes on the heels of Mukesh Ambani introducing his daughter Isha as leader of Reliance group’s retail business on Monday while addressing the shareholders at Reliance Industries’ virtual Annual General Meeting; in another sign, the billionaire is pushing ahead with a plan for succession in one of Asia’s richest families.

Anant is Ambani’s youngest son who is focussing on the conglomerate’s new energy business, a key area of investment for Ambanis. Reliance is vying to be at the forefront of Prime Minister Narendra Modi’s ambition to ramp up green energy capacity.

Reliance has major expansion plans to diversify into clean energy projects, including solar and green hydrogen.

Mukesh Ambani had initiated a long-anticipated leadership transition at Reliance by handing over the chairmanship of its telecoms unit to his son, Akash Ambani, in June.

At the company’s 45th virtual Annual General Meeting, there was  new sign of change at Mr Ambani’s empire after the billionaire had last year said his children would have significant roles in the business, adding Reliance was “in the process of effecting a momentous leadership transition.”

Related articles

Star Athletes visit National Games venue, try hand at shooting

Ahmedabad (Gujarat) , September 29 (ANI): Star athletes Gagan Narang, PV Sindhu, Anju Bobby George and Trupti Murgunde...

NTR vs YSR & Naidu factor: How Jagan’s plan to rename university reopened old wounds, feuds NTR vs YSR & Naidu factor: How Jagan’s...

Hyderabad: More than three decades after NTR University of Health Sciences, named after former chief minister and Telugu...

As tensions rise with Azerbaijan, Armenia buys Pinaka rockets & ammunition from India

Azerbaijan is seen by many as part of an emerging axis with Turkey and Pakistan. It has used...

Centre Hikes Interest Rates On Some Small Savings Schemes By Up To 0.30%

<!-- -->With regard to Kisan Credit Card, the government has revised both tenure and interest rates.New Delhi: The...