RIL AGM Highlights: Board Mulls Bonus Issue; Jio, Retail Business To Double In Four Years, Says Mukesh Ambani

Reliance Industries will invest up to Rs 75,000 crore investment in the manufacturing ecosystem in Jamnagar which will soon become the cradle of the new energy business for the company, Mukesh Ambani said.

• On track for Rs 75,000 crore investment in the manufacturing ecosystem extensively enabled by all emerging technology.

• Jamnagar will become the cradle of the new energy business.

• Working on establishing a multi-gigawatt electrolyser manufacturing facility.

The new energy business of Reliance Industries will become profitable like oil-to-chemicals businesses in the next 5-7 years, says Mukesh Ambani. The conglomerate will continue expanding investments in bioenergy along with commencing solar PV module production by this year.

• Will continue to expand investments in bioenergy.

• To have compressed biogas plants by 2025.

• Establishing the world's largest bioenergy deep tech research and development centre.

• To commence solar PV module production end-year.

• New energy business to become profitable like O2C in next 5-7 years.

Fields in KG Basin reached peak production this year and have successfully commissioned six deepwater fields, establishing ourselves as a world-class deepwater operator, Mukesh Ambani said.

• Fields in the KG Basin reached peak production this year.

• Have commissioned 6 deep water fields.

• MJ field was timely commissioned.

• Have successfully commissioned six deepwater fields, establishing ourselves as a world-class deepwater operator.

• Will leverage E&P expertise to develop low-carbon energy solutions, including geothermal energy, underground coal gasification, natural hydrogen, and helium.

• Will ensure that Reliance continues to play a pivotal role in shaping a sustainable energy future for India.

Reliance Industries' retail business is expected to double in the next four years and mulls its entry into the luxury jewellery segment, according to Isha Ambani.

• Retail plans to enter the luxury jewellery segment.

• Plans to double retail business in the next 3-4 years.

• Fast fashion brand Shein to bring products to India.

Here are the key launches by Jio:

• Jio AI Cloud Welcome Offer starting Diwali: Jio users get 100 GB to store photos etc.

• Jio TV OS launched for big TV screen

• Jio is developing Jio Brain: to help faster decision-making, and support more accurate business predictions.

• Jio phone call AI: can record, store, translate and transcribe voice recordings.

• Introduces JioTV OS for televisions.

• JioTV OS to bring TV shows, apps and news channel in one ecosystem.