Business

Reliance Unveiling First Hydrogen Combustion Engine Technology For Heavy-duty Trucks In India

Mumbai February 6, 2023: Reliance Industries Limited (RIL) today unveiled India’s first Hydrogen Internal Combustion Engine technology solution for heavy duty trucks flagged off by PM mODI at the India Energy Week in Bangalore.

The Hydrogen Internal Combustion Engine (H2ICE) powered trucks will emit near zero emissions, deliver performance on par with conventional diesel trucks and reduce noise and with projected reductions in operating costs thus redefining the future of Green Mobility.

As part of its Net carbon Zero vison, Reliance with its vehicle partner Ashok Leyland and other technical partners are engaged in developing this unique technology since the last year with first engines running in early 2022. Going forward, Reliance will first extensively test and validate the H2ICE technology for heavy duty trucks before its first commercial deployment at scale initially across its captive fleet. Simultaneously Reliance is pursuing the opportunity to create an end-to-end Hydrogen eco system for mobility.

Significantly, Reliance is India’s largest private sector company, with a consolidated revenue of INR 792,756 crore ($104.6 billion), cash profit of INR 110,778 crore ($14.6 billion), and net profit of INR 67,845 crore ($9.0 billion) for the year ended March 31, 2022. Reliance’s activities
span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), financial services, retail and digital services.

READ THIS ALSO:  Finance Minister: Adani Groups’ Matter Is A Company Problem, Not An Attack On India

Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune’s Global 500 list of “World’s Largest Companies” for 2022. The company stands 53rd in the Forbes Global 2000 rankings of “World’s Largest Public Companies” for 2022 –
top-most among Indian companies. Reliance has been ranked among the world’s 20 best companies to work with, and highest amongst Indian companies in Forbes’ World’s Best Employers for 2022. It features among LinkedIn’s ‘The Best Companies to Work For in India

Bharat Express English

Recent Posts

‘In Kabul, A Cat Has More Freedom Than A Woman’: Revisiting Women’s Struggles Under The Taliban

The Taliban’s regime has since imposed over 100 laws restricting women's rights, stripping them of…

2 hours ago

PM Modi’s Gifts: A Glimpse Of India’s Cultural Heritage In Global Diplomacy

These gifts to world leaders reflect the diverse traditions, arts, and crafts of India, emphasizing…

5 hours ago

Dr Rajeshwar Singh Calls For Bold Goals To Make India A Global Power By 2047

Dr Singh stressed the importance of reaching a GDP of $15 trillion by 2047 to…

5 hours ago

Gautam Adani Faces Indictment In US: Legal Expert Vijay Aggarwal Dismisses Immediate Repercussions

Criminal lawyer Vijay Aggarwal weighed in on the charges against Adani. He believes the indictment…

5 hours ago

Adani Group Stocks Recover As Sensex nd Nifty Post Gains

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…

7 hours ago

Sensex Soars 1,961 Points, Nifty Gains 557 In Broad-Based Market Rally

A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…

7 hours ago