Reliance Chairman and Managing Director Mukesh Ambani announced the significant developments for Reliance Industries (RIL), India’s largest company by market share, today.
While addressing Reliance AGM, Mukesh Ambani announced that RIL has become India’s 1st corporation to reach 100 billion dollars in revenue.
Reliance’s exports grew a massive 75% to cross 2,50,000 crore. We accounted for nearly 8.4% of India’s merchandise exports in the year, up from 6.8% last year, said MDA.
Reliance Jio’s high-quality, redundant, and always available fibre-optic network serves as the backbone for data traffic from all over India. Jio’s pan-India fibre-optic network spans over 11 lakh kilometres, enough to circle the globe 27 times said, Mr Mukesh Ambani
Reliance Jio has solidified its position as India’s leading digital service provider over the last year. “Today, we have 421 million mobile broadband subscribers on our 4G network, and they consume 20 GB of data on average every month,” Mukesh Ambani said.
Shares of Reliance Industries were trading 1.07% higher at ₹2,646.10 apiece on the BSE ahead of the 45th annual general meeting in 2022.
Reliance Industries is anticipated to make announcements regarding the company’s 5G rollout, the way RIL Chairman and Managing Director Mukesh Ambani intends to separate his retail and telecom businesses from one another for separate listings, and the timing and manner of his children’s succession.
Billionaire Mukesh Ambani virtually addressed the shareholders in the immersive and interactive 3D world of the metaverse.
It has become one of the first companies in the world to hold its annual general meeting (AGM) in virtual reality while also live streaming it on five leading social media platforms, in addition to the official JioMeet broadcast. The company held its 45th annual general meeting via video conferencing and other audio-visual means.
The Reliance AGM virtual reality (VR) platform, powered by GMetri, was intended to allow users to virtually walk through a lounge and explore business highlights of the company’s annual report 2021-22 in an interactive manner by entering and exiting different virtual rooms.
The annual shareholder meeting takes place as the refining-to-retail sector deals with the twin challenges of a global recession and Gautam Adani’s meteoric rise to the richest man in Asia earlier this year. His company is also emerging as a rival power centre on the corporate landscape.
Investors are looking forward to updates on the four gigafactories that were announced as part of last year’s announcements to produce solar modules, hydrogen electrolyzers, fuel cells, and storage batteries. Heavyweight RIL shares can also be in the spotlight on stock exchanges.