Reliance's broken promise is India's energy crisis

Seventeen years ago, Reliance Industries made a promise that was supposed to change India's energy future.

It didn't.

Today, with a war raging in the Middle East, the Strait of Hormuz mostly closed, and Qatar — India's single largest gas supplier — unable to guarantee supplies, that broken promise has become a full-blown crisis. India finds itself caught between Trump, Tehran, and its own structural failures. The IEA calls it the worst energy crisis in history.
 
For India, it may be the moment that finally forces a reckoning.

Tune in.

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.