RIL AGM 2021: Saudi Aramco Chairman Welcomed On Board, Reliance JioPhone Next | Key Highlights

Mukesh Ambani revealed that the consolidated revenue of RIL was nearly Rs 5,40,000 crore during RIL AGM 2021.

Mukesh Ambani addressing RIL AGM 2021 virtually

New Delhi: Reliance Industries chairman Mukesh Ambani made several announcements on Thursday during the 44th Annual General Meeting (AGM).

Stating “our business and financial success” since the last annual general meeting has exceeded expectations, he said: “But what has given me more happiness than our business performance is RIL’s humanitarian efforts during these difficult times.”

Reliance's billionaire chairperson revealed that the consolidated revenue of RIL was nearly Rs 5,40,000 crore. The consolidated EBITDA was nearly Rs 98,000 crore, and almost 50 percent of the EBITDA was contributed by consumer businesses.

Major Announcements Made During RIL AGM 2021:

• Saudi Aramco chairman Yasir Al-Rumayyan will join the Reliance board
• RIL plans to invest Rs 15,000 crore in value chain partnership and future technologies
• RIL to invest over Rs 60,000 crore in the new energy business
• Jio Phone Next, co-developed by Google and Jio, to be available in the market from September 10
• JioFiber has become the largest and the fastest-growing fixed broadband operator in India
• Reliance Retail has not only protected jobs but also created over 65,000 new jobs
• Reliance Retail is on a hyper-growth trajectory to grow at least 3x in the next 3-5 years
• Jio is doing a trial run with Facebook to integrate JioMart with WhatsApp
• Jio to make India 2G ‘mukt’ and 5G ‘yukt’
• Reliance Jio to partner Google Cloud in 5G

Speaking at the AGM meeting held amid the Covid-19 pandemic, Reliance Foundation chairperson and founder Nita Ambani said the RIL’s Mission Vaccine Suraksha is one of India’s largest corporate vaccination drives to vaccinate 20 lakh of our family, including retired employees, partner company employees and their families free of cost.