There were a lot of big announcements made at the RIL AGM. Few points from the interview of Harshvardhan Dhole, vice president, IIFL, as reported by The Economic Times.
As per The Economic Times, The diversification of Reliance Industries into the green energy is a great and a biggest step. It will put on the low risk their revenue model. It will cut down their reliance on traditional O2C business, and make them more tech-savvy and a eco-friendly company. This would improve their overall score.
Secondly, Reliance Industries foray in green energy, particularly in a solar panel manufacturing, has a wider ramification on the entire chain of supply. India has been importing the panel-related equipment and assembling them here to convert them into the solar modules, that has led to questions on sustainability of revenue models of many more different companies. Now with Reliance Industry Limited the making an integrated value proposition, it will change both, the profit pool and the industry structure.
What about the affordable JioPhone 3 Next? This is going to be the next fillip for Reliance Jio.
One should bear in mind that, what is going on globally. There is a chip shortage all over the place and so the chain of supply is quite stretched. We will have to wait for the details in terms of pricing and how they bundle the plan in future.
