Last Updated on 2 years by sonnysuman
The annual general meeting of Reliance Industries, the country\’s largest company, has started. Reliance Industries Chairman Mukesh Ambani is addressing the company\’s 45th AGM through video conferencing. Along with RIL\’s investors, the eyes of the corporate world are also on Reliance Industries\’ AGM.
Concluding the AGM, Mukesh Ambani said – The company will double its value by 2027
Concluding Reliance\’s AGM, company chairman 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 fast 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 global leader in renewable energy and a credible alternative to China: Mukesh Ambani
The 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. Based on REC technology, our 10GW solar PV cell and module factory at Jamnagar will start production by 2024 and expand to 20GW capacity by 2026.
Ambani announces new Gigafactory for Power Electronics.
During the AGM, Mukesh Ambani said that I had announced the establishment of the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar last year, which will have four giga factories. Today, I would like to announce our new GIGA factory for Power Electronics.
The number of merchant partners of Reliance Retail has crossed 2 million.
Reliance Retail\’s strategy is to connect with millions of small traders and provide them with a platform to prosper. Since its launch two years ago, it has grown its merchant partner base to over 2 million partners.
Reliance\’s digital commerce platform is serving six lakh orders per day.
Reliance Retail\’s digital platform saw 4.5 billion visits, a 2.3-fold increase 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 last year. It doubled warehousing and fulfillment space to 670 million cubic feet, connecting supply points with demand centers across the country. Its brand contributes more than 65 percent of 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 served over 200 million registered customers across Reliance Retail\’s physical stores and digital platforms, equivalent to the combined population of the UK, France and Italy: Isha Ambani Reliance Consumer Electronics has 8,700 stores across 7,000 cities across the country. will:
There will be an ultra-high-speed fixed broadband 5G service.
While giving a presentation of Jio\’s 5G service, Akash Ambani said that the most interesting thing about it will be that it is ultra-high-speed fixed broadband. Through this, high quality educational materials will be available in every classroom across the country.
There will be an ultra-high-speed fixed broadband 5G service.
While giving a presentation of Jio\’s 5G service, Akash Ambani said that the most interesting thing about it will be that it is ultra-high-speed fixed broadband. Through this, high quality educational materials will be available in every classroom across the country.
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.
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