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Reliance AGM 2021 Live: The company is working to make India 2G free and 5G enabled

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Reliance AGM 2021 Live: The 44th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) was held today. The AGM of Mukesh Ambani-led Reliance Industries, the country’s most valuable company, went online for the second time. Mukesh Ambani said in the AGM that his father Dhirubhai Ambani started Reliance on the principle of investing in Indian talent and new technology and I also followed it and I am sure that under the leadership of Isha, Akash and Anant, Reliance will continue further. Will maintain this legacy.

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03:53 PM, 24-Jun-2021 Reliance shares closed on the red mark After Mukesh Ambani’s speech at today’s AGM, the stock closed on the red mark. 30 thousand crore rupees of investors were sunk. The market capitalization of the company has come down to Rs 13,65,103.98 lakh crore from Rs 13.90 lakh crore yesterday. Shares have seen a fall today. After opening at the level of 2214.80, it closed down 51.75 points (-2.35%) at the level of 2153.35.

03:50 PM, 24-Jun-2021 JioFiber Jio is the fastest growing fixed broadband operator in India and there is a lot of potential for value creation in retail. He said that the journey of Reliance Industries so far has been wonderful. JioFiber has acquired over 20 lakh new premises in the last one year. With a cumulative base of 3 million active home and business users, JioFiber is the largest and fastest growing fixed broadband operator in India.

03:48 PM, 24-Jun-2021 One in eight Indians do shopping from Reliance Retail Mukesh Ambani said during the 44th AGM of Reliance Industries that one in eight Indians shop from Reliance Retail. The business of Reliance Retail has grown the fastest. Last year 1500 new stores were opened. Reliance Retail is on the path of hyper growth. There will be at least three-fold growth in the next three to five years. Reliance Retail has not only saved jobs but also created more than 65,000 new jobs.

03:45 PM, 24-Jun-2021 Affordable Jio Smartphone made for India- Sundar Pichai Google’s Chief Executive Officer (CEO) Sundar Pichai said about the new smartphone that ‘Google and Jio have teamed up with the affordable Jio Smartphone for India. made for. This will open up new possibilities for millions of new users who will be experiencing the Internet for the first time. A new 5G partnership between Google Cloud and Jio will help more than a billion Indians connect to faster internet.

03:42 PM, 24-Jun-2021 Reliance will use Google Cloud Mukesh Ambani said that affordable smartphone is needed to make India 2G free. In view of this, Jio and Google have launched Jio Phone Next. It will be ultra affordable and pack cutting edge features. Reliance will use Google Cloud for Jio 5G solution.

03:30 PM, 24-Jun-2021 Company ready to launch 5G services Mukesh Ambani said that Jio is ready to launch the country’s first full 5G services. The company has successfully conducted 1 gbps speed trial in Mumbai and has also received trial spectrum and approvals from the government. Ambani said that he is confident that Reliance Jio will launch 5G services in the country.

03:21 PM, 24-Jun-2021 Jio becomes the second largest data carrier network in the world Announcing about Reliance Jio, Mukesh Ambani said that Jio has become the second largest data carrier network in the world. Jio is the largest telecom company in India with 400 million subscribers. At the same time, it is the second country after China where maximum data is being used.

03:20 PM, 24-Jun-2021 ‘Jio Phone Next’ Smartphone Present Mukesh Ambani presents ‘Jio Phone Next’ Smartphone at the AGM. This smartphone based on Android has been made jointly by Google and Jio. This cheap smartphone of the company will be available in the market from 10th September on the day of Ganesh Chaturthi.

03:09 PM, 24-Jun-2021 Reliance to set up plant for new energy and material business Mukesh Ambani said that in 2021, Reliance will set up four giga plant for new energy and material business. For this, an investment of Rs 75,000 crore will be made in the next three years. The company aims to generate 100 GW of solar energy by 2030. Our country is one of the largest importers of fossil fuels in the world. Now we aim to make the country one of the largest green energy importers in the world. Chairman Mukesh Ambani has made a big announcement regarding green energy. Reliance New Energy Council was established. Preparations are on to build Dhirubhai Ambani Green Energy Giga Complex on 5000 acres in Jamnagar, Gujarat.

03:04 PM, 24-Jun-2021 Reliance to be Global Mukesh Ambani also announced Reliance Industries to be Global at the AGM. Ambani said that his global plan will be announced in the coming time. Ambani announced green energy plan. The company will develop the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar.

03:01 PM, 24-Jun-2021 Partnership process with Saudi Aramco expected to be completed this year is expected to be. The board of the company has also changed. VEP Trivedi retired from the board and Yasir L Rumayen, chairman of Aramco, has joined the board.

02:57 PM, 24-Jun-2021 Retail investors get four times return in one year In the last financial year, Reliance paid customs duty of Rs 21,044 crore. Paid Goods and Services Tax (GST) and VAT of Rs 85,306 crore and income tax of Rs 3213 crore. The company raised capital of Rs 3,24,432 crore. Retail investors got four times returns in one year from the rights issue.

02:54 PM, 24-Jun-2021 Superb performance of the company Despite the pandemic, the company’s performance was excellent. Reliance generated consolidated revenue of Rs 5.4 lakh crore. The company made a profit of Rs 53,739 crore, which is about 39 percent more than the previous year. Ambani told that exported Rs 1.45 lakh crore to 107 countries.

02:49 PM, 24-Jun-2021 More than 75,000 new jobs given in a year Mukesh Ambani said that despite the pandemic, the company has increased dividend for shareholders this year. Also, more than 75,000 new jobs have been created in a year. Reliance Industries had promised to become a zero debt company last year. This target was met much ahead of the scheduled time of March 2021.

02:47 PM, 24-Jun-2021 Reliance Chairman Mukesh Ambani giving information about Reliance’s performance at the AGM. At the beginning of the AGM, he introduced YP Trivedi, Dr. RA Mashelkar, Professor Deepak Jain, RS Gujral, Arundhati Bhattacharya, Nita Ambani, Nikhil Meswani etc. to the shareholders of the company’s board.

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