The annual general meeting of the country's largest company Reliance Industries has started. Reliance Industries Chairman Mukesh Ambani is addressing this 45th AGM of the company through video conferencing. Along with the investors of RIL, the eyes of the corporate world are also fixed on the AGM of Reliance Industries.
Concluding the AGM, Mukesh Ambani said - the company will double its value by 2027
Concluding the Reliance AGM, the company's chief Mukesh Ambani has said that the company will more than double its value by the end of its golden decade in 2027. Even after that our growth will continue at a rapid pace.
Reliance will make India a leader in power generation: Ambani
Our new energy business will help India become a net exporter of green energy. Most importantly, Reliance wants to make India a world leader in new energy generation and a reliable alternative to China: Mukesh Ambani
Solar PV manufacturing factory will start production from 2024
Mukesh Ambani said during the AGM that we have acquired REC Solar for solar PV manufacturing. Our 10GW Solar PV Cell and Module factory in Jamnagar, based on REC technology, will start production by 2024 and will increase to 20GW capacity by 2026.
Ambani announces new giga factory for power electronics
During the AGM, Mukesh Ambani said that last year I had announced the setting up of Dhirubhai Ambani Green Energy Giga Complex in Jamnagar to set up four giga factories. Today, I'd like to announce our new GIGA factory for power electronics.
Reliance Retail's merchant partners base crosses 20 lakhs
Reliance Retail's strategy is to connect with millions of small traders and provide them a platform to prosper. Since its launch two years ago, it has grown the merchant partners base to over 2 million partners.
Reliance's digital commerce platform is placing six lakh orders every day
Reliance Retail's digital platform has seen 4.5 billion visits, an increase of 2.3 times over the previous year. Its digital commerce platform has continued its growth with around six lakh orders being placed every day, which is 2.5 times more than the previous year. It doubled warehousing and fulfillment space to 670 million cu ft, connecting supply locations to demand centers across the country. Its brand contributes more than 65% to the total revenue.
Reliance Retail is one of the top ten retailers in Asia
During the AGM, Isha Ambani said that Reliance Retail has achieved a proud record of turnover of Rs 2 lakh crore and EBITDA of Rs 12,000 crore and is one of the top ten retailers in Asia.
Reliance Retail has reached over 200 million customers: Isha Ambani
We have served over 200 million registered customers on Reliance Retail's physical stores and digital platforms, equivalent to the collective population of UK, France and Italy: Isha Ambani
Reliance Consumer Electronics will have 8700 stores in 7000 cities of the country: Isha Ambani
Ultra high speed fixed broadband will be 5G service
While giving a presentation of Jio's 5G service, Akash Ambani said that its most interesting thing will be that it is ultra high speed fixed broadband. Through this, high quality educational content will be available in every classroom across the country.
Indigenously built end-to-end 5G stack with advanced features
We have indigenously developed an end-to-end 5G stack that will be equipped with advanced features like quantum security. Developed in-house by over 2,000 of our young Jio engineers: Mukesh Ambani
Jio to invest ₹ 2 lakh crore
Reliance Jio to invest Rs 2 lakh crore for pan-India 5G network: Ambani
5G service will be launched in the country by Diwali
Jio announced the launch of Jio 5G services by Diwali 2022 in the metro cities of Delhi, Mumbai, Kolkata and Chennai. It will be rapidly expanded to other cities and towns to cover the whole of India in 18 months by December 2023.