Anil Ambani-run Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government's investment arm. The Indian conglomerate, run by the younger brother of Asia's richest man Mukesh Ambani,

Anil Ambani's fortune is on the upswing as Reliance Power's shares rose 5% to Rs 53.65, marking a 52-week high. With Reliance Power debt-free and Reliance Infrastructure reducing its debt by 87%, investor confidence has surged.

Reliance Group said on Wednesday it would jointly develop solar and hydro power projects in Bhutan along with the government’s investment arm, reported the news agency Reuters. ;

The Anil Ambani-led Reliance Group will jointly develop 500 MW of solar and 770 MW of hydropower projects in the country

Reliance group led by Anil Ambani on Wednesday launched a new company for investing in Bhutan's renewable energy sector, starting with building 1.2 gigawatts of solar and hydropower projects that could entail investments of up to $1 billion.

Anil Ambani-led Reliance Group is set to establish Bhutan's largest solar plant, surpassing all existing solar installations in the country. It will produce clean, renewable energy to help mitigate the impacts of climate change.