New Delhi, April 30 -- Anant M Ambani will assume the role of Executive Director at Reliance Industries Ltd (RIL) on May 1, following his appointment by the RIL Board of Directors on Friday for a five-year term.

This move comes as part of Ambanis' succession planning at India's largest conglomerate.

Anant Ambani, currently serving as a Non-Executive Director, will now take on executive responsibilities as part of the leadership team at RIL, as per a statement from the conglomerate.

The youngest Ambani sibling has been involved in the group's energy, sustainability, where Reliance aims to become a net-zero carbon company by 2035.

This includes scaling up production of clean fuels and materials, developing advanced carbon capture techno...