Ambani, Adani to turn competitors over green energy domination
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Reliance Industries Limited's renewed interest in green energy may lead to a high-profile corporate face-off between two of India's richest men: RIL's Mukesh Ambani and fellow billionaire Gautam Adani. According to industry analysts, RIL's $10 billion investment in green energy may drive down solar tariffs in India—where tariffs are already among the world's lowest—and also start a bidding war between the two billionaires.