Key Highlights
- The 46th AGM of Reliance Industries unveiled a strategic roadmap
- This aligns with India’s evolving aspirations and positions the company as a driving force for growth and innovation
- Jio AirFibre will be unveiled on Ganesh Chaturthi
In his address at the 46th Annual General Meeting (AGM) of Reliance Industries, Chairman Mukesh Ambani exuded optimism about India’s trajectory and unveiled the company’s ambitious plans. The renewed spirit of India’s self-confidence aligns with Reliance’s position as a torchbearer for the emerging new India. Key financial metrics were highlighted, showcasing the company’s impressive performance. Also Read | Want To Install Jio TV On Your Smartphone? Here’s The Step-By-Step Guide
Financial Triumphs And Growth Milestones
Reliance Industries demonstrated its financial prowess, reporting consolidated revenues of Rs. 9,74,864 crore, along with a robust EBITDA of Rs. 1,53,920 crore for FY23. The net profit reached an impressive Rs. 73,670 crore. The company’s commitment to job creation was evident as it added a substantial 2.6 lakh jobs in the same fiscal year.
Forward-Thinking Initiatives And Breakthroughs
The AGM highlighted several pivotal announcements:
Nationwide 5G Coverage by Jio
Mukesh Ambani affirmed Reliance Jio’s steadfast progress towards achieving comprehensive 5G coverage across India by the year’s end. Notably, Jio’s network currently supports a substantial 85% of operational 5G cells in the country.
Jio AirFiber Launch Date
Scheduled for September 19, Ganesh Chaturthi, the launch of Jio AirFibre marks a significant advancement in Reliance’s offerings.
Jio Smart Home Services
Akash Ambani introduced Jio Smart Home services, poised to revolutionize domestic management. With over 80% of data consumption occurring indoors, this initiative promises to redefine home experiences.
Also Read | Here’s The List Of Best Smart Home Gadgets You Can Buy In India
Reliance Retail Milestones
Reliance Retail achieved noteworthy milestones, surpassing 100 crore transactions and welcoming over 78 crore footfalls in FY23. The customer base expanded to 25 crore, affirming the company’s value delivery to a substantial portion of India’s addressable population.
The Battery Giga Factory Initiative
Mukesh Ambani emphasized the establishment of a battery Giga factory by 2026, underscoring its comprehensive role in manufacturing battery chemicals, cells, packs, energy storage solutions, and even recycling.
Harnessing Artificial Intelligence For Growth
Mukesh Ambani underscored the transformative power of AI and urged India to harness AI for innovation and prosperity. Reliance Industries is actively nurturing a pool of AI talent and capabilities to lead India’s advancements in this field.
Also Read | Want To Block Unwanted Calls? Here’s How To Activate DND On Jio
