Reliance Industries AGM 2021: Billionaire Mukesh Ambani-led Reliance Industries conducted its 44th annual general meeting (AGM) on Thursday, June 23. The annual general meeting of oil-to-telecom conglomerate RIL - was conducted through a video webcast for the second time in a row amid the COVID-19 pandemic. Reliance Industries announced a slew of plans for the company's future, including the introduction of the Saudi Aramco Chairman Yasir Al Rumayyan on the board of Reliance Industries, who will join as an independent director. (Also Read: $15 Billion Oil Deal With Aramco To Complete This Year: Mukesh Ambani )
Mukesh Ambani also announced that Reliance Jio and Google partnered to jointly develop an affordable smartphone – JioPhone Next, which supports the entire suite of applications from both Google and Jio, in a bid to provide easy access of information to people through the digital medium. JioPhone Next will be available in the market from September 10.
Mr Ambani also announced that Reliance will invest Rs 60,000 crore over the next three years on the clean energy business and will set up four giga factories in Jamnagar, Gujarat, aiming to contribute 100 giga watt of solar energy by 2030. Reliance's new energy business will be valued at Rs 75,000 crore within the next three years, according to the Chairman.
Here are the highlights of billionaire Mukesh Ambani-led Reliance Industries' 44th AGM 2021:
Shares of Reliance Industries settled 2.35 per cent lower at Rs 2,153.35 apiece on the BSE, after the conclusion of the 44th annual general meeting 2021.
JioFiber has become the largest and the fastest-growing fixed broadband operator in India, said Mukesh Ambani
A new 5G partnership between Google Cloud and Jio will help more than a billion Indians connect to a faster internet, support businesses in digital transformation and lay foundation for next phase of India's digitization, said Sundar Pichai
Reliance will invest an additional Rs 15,000 crore in value chain, partnerships and future technologies, including upstream and downstream industries. The overall investment in the new energy business will be Rs 75,000 crore in three years, said Mukesh Ambani
Reliance will create and offer a fully integrated, end-to-end renewables energy eco-system. Over the next three years, the company will invest over Rs 60,000 crore in the eco-friendly initiatives
Mukesh Ambani announced that Reliance plans to build four giga factories to manufacture and integrate all critical components of the new energy ecosystem - solar photovoltaic module factory, energy storage battery factory, electrolyser factory, and fuel cell factory
The work on developing the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar has started. It will be amongst the largest such integrated renewable energy manufacturing facilities in the world, said Mukesh Ambani
The vision was to bring an affordable access to information for Indians in their own language, to build new products and services for India's unique needs, and empower businesses with technology, said Google CEO Sundar Pichai.
The next steps in this vision start with a new, affordable, Jio smartphone, created with Google. It is built for India and it will open up new possibilities for millions of new users who will experience the internet for first time, he added.
1. As one of the biggest energy markets in the world, India will play a leading role in transforming the global energy landscape
2. Reliance will provide leadership on the combined strength of the balance-sheet, talent, technology and proven project execution capabilities
3. Reliance will make its New Energy business a global business
Reliance Jio had a net addition of 37.9 million subscribers during the year. It now serves more than 425 million consumers on our network. The company has a revenue market leadership in 19 out of 22 circles, informed Mukesh Ambani
Mukesh Ambani welcomed H.E. Yasir Al-Rumayyan, Chairman of Saudi Aramco and Governor of PIF, to join the Board of Reliance Industries as Independent Director.
Reliance added 75,000 new jobs in the economy in the past year, said Mukesh Ambani
Reliance Foundation partnered with USAID to launch the Women Connect India Challenge this year. A partnership that aims to empower more and more Indian women with digital access and opportunity, said Nita Ambani
Reliance's Mission Vaccine Suraksha is one of India's largest corporate vaccination drives, to vaccinate 20 lakh of the company's employees, including retired employees, partner company employees, and their families free of cost, said Nita Ambani
Reliance Foundation launched five Missions to fight COVID - Mission Oxygen, Mission COVID Infra, Mission Anna Seva, Mission Employee Care, and Mission Vaccine Suraksha: Nita Ambani
Reliance also launched a COVID-19 testing lab amid the COVID-19 pandemic, said Nita Ambani
Reliance is producing over 11 per cent of India's medical grade oxygen, said Nita Ambani
Mukesh Ambani introduced board members, directors at Reliance's 44th AGM virtually
Mukesh Ambani begins formal address at 44th Annual General Meeting
Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund Yasir Al-Rumayyan is likely to be inducted on the board of Reliance Industries. This will pave the way for a deal between the two petrochemical giants. Mr Al-Rumayyan may either be inducted on the board of Reliance Industries or that of the newly carved oil-to-chemical or O2C subsidiary
The Flame Of Truth Channel: https://www.youtube.com/user/flameoftruth2014