RIL AGM Live Updates: Shares End Lower
Shares of Reliance Industries ended over 2% lower. The AGM is still underway. Mukesh Ambani made a slew of announcements, including Jio IPO.
RIL AGM Live Updates: New Energy Business
Anant Ambani said RIL is building the Dhirubhai Ambani Giga Energy Complex, Jamnagar, the largest clean energy ecosystem.
This project has several key components with ambitious targets.
The company aims to scale its Solar PV capacity to 20 GWp and will establish a Battery Giga Factory with a 100 GWh capacity by 2026.
For green hydrogen, an Electrolyser Giga Factory of 3 GW per year capacity is planned by 2026, contributing to a broader goal of 3 million metric tonnes per annum (mmtpa) of green hydrogen production by 2032. Additionally, the complex will focus on bio-energy, with a plan to increase the number of Compressed Biogas (CBG) plants from the current 55 to more than 500 by 2030.
RIL AGM Live Updates: AI-Led Transformation
"A decade ago, digital services became a new growth engine for Reliance. The opportunity before us with AI is just as large, if not larger. Jio promised, and delivered, digital everywhere and for every Indian. Reliance Intelligence promises to deliver AI everywhere and for every Indian. Reliance Intelligence building for the next decade with confidence and ambition," said Mukesh Amabni.
RIL AGM Live Updates: Jio Platform IPO
The IPO process for Jio Platforms has officially commenced, with the listing expected to take place in the first half of calendar year 2026 (H1CY26). However, the development is being viewed negatively by some market participants. This is primarily because existing shareholders of Reliance Industries are not expected to receive any direct benefit from the IPO. Additionally, the listing introduces a holding company discount, which typically reduces the perceived value of RIL’s stake in Jio Platforms.
RIL AGM Live Updates: Shares Down
RIL share price fell as much as 2.6% intraday as the AGM speech of the Ambanis failed to entuse investors.
Reliance AGM Live Updates: Partnership With Google, Meta
RIL Chairman Mukesh Ambani announced partnership with Google and Meta.
Google developing Jamnagar Cloud region "built for and dedicated to Reliance", said Alphabet CEO Sundar Pichai.
Reliance is also forming AI-dedicated joint venture with Meta. The JV will combine open models and tools with RIL's execution in energy, telecom, retail and manufacturing to deliver sovereign, enterprise-ready AI for India.
"Meta & Reliance to deliver their open source AI models to Indian businesses. Llama's open source foundation to help businesses and small startups," said Mark Zuckerburg.
Reliance AGM Live Updates: Reliance Intelligence
Mukesh Ambani announced Reliance Intelligence.
It will house India's next-gen AI infra, global partnerships for AI and build AI services for India (in sectors like education, healthcare, agri). It will house talent for AI jobs.
Reliance AGM Live Updates: Jio PC Announced
Akash Ambani said the company will launch Jio PC, a product that transforms a TV or any other screen into a full-feature AI-ready product.
A keyboard can be connected to a Jio set top box. A virtual computer can be powered with Jio Cloud.
Reliance AGM Live Updates: Jio Building Platform For MSMEs
Akash Ambani said Jio is building a simple platform for simple, scalable and secure for MSMEs. "We are enabling businesses to compete globally, from franchisee management and AI-powered solutions. Jio's transformation to a deep tech company is now unmistakable."
Reliance AGM Live Updates: Jio IPO Update
"All efforts to file for IPO, we are aiming to list by 2026. It is an attractive opportunity for investors. Connection for the nation, digitalising business, AI access and global expansion are on the path ahead," said Mukesh Ambani.
Reliance AGM Live Updates : Mukesh Ambani On Jio
Jio will enter its 10th year of business, crossing 500 million customers. Every Indian made Jio what it is, by making it a part of their life.
Jio came at a time when India's road to connectivity was blocked. Jio ended India's digital poverty, he said. It also became the backbone to PM's vision of digital India. Jio's revenue grew 17% year-on-year.
Reliance AGM Live Updates : Employment
According to Ambani, 6.8 lakh people are in RIL's conventional and non conventional employees.
Reliance AGM Live Updates : RIL FY25 Performance
Record consolidated revenue, over $125 billion this year. Exports were at over 2 lakh crore, contributing to the nation's overall exports.
CSR spending rose to Rs 2,156 crore and over the last three years crossed Rs 5,000 crore.
Reliance AGM Live Updates : Mukesh Ambani On Technology
Ambani said that they are working with technology to bring clean energy and to integrate tech into businesses. The possibilities of technology is staggering, he said.
With the technology, our economy can grow at 10% CAGR. The per capita income will also go up, he said.
We are working to make our company a deep tech one and AI natives. Our products are led more by innovation and is attracting young leaders.
Reliance AGM Live Updates : Meeting Commences
As RIL's AGM has commenced, Mukesh Ambani on the 48th annual general meeting has begun by introducing board members and addressing share holders.
Ambani started by asking for Lord Ganesh's blessings. He addresses the lack of certainty around but also the possibility of this bringing people together.
RIL AGM Live Update: Russian Deals Put Oil Core In Focus
Shareholders will certainly be looking out for details on the much-anticipated listings of Reliance’s telecoms and retail operations, plus the prospect for outside investment into an emerging clean energy business. But the get-together takes place two days after the US doubled tariffs on India as punishment for its imports of discounted Russian oil, and Mukesh Ambani has drawn particular attention for purchases likely to have saved the company hundreds of millions this year.
Reliance has been left in a bind. Russian oil is not sanctioned, and stopping purchases in response to US pressure means rupturing an existing long-term deal with Rosneft Oil Co PJSC, giving up a strategic advantage for what is already a profitable, highly sophisticated refining business. And of course, a retreat would run counter to Prime Minister Narendra Modi’s defiant position.
Not shifting, however, leaves a $214 billion empire vulnerable to continued tariffs and even US sanctions and other hurdles. Nayara Energy, which runs a refinery down the road from Reliance’s sprawling Jamnagar complex on India’s western coast, was blacklisted by the European Union in July and has since faced financial and logistical challenges.
Ambani’s closely watched speech, the highlight of Friday’s proceedings, is likely to touch on geopolitical ructions — but not on Russia, a person familiar with the proceedings said. He instead will seek to focus on other businesses, including the digital operation and developments like artificial intelligence, the person said, asking not to be named as the matter is sensitive.
Reliance did not respond to emailed questions from Bloomberg.
Reliance AGM Live Updates : What To Expect From Mukesh Ambani
The investor interest build-up going into the Annual General Meeting of the shareholders of Reliance Industries is always high. RIL will hold its 48th AGM on August 29 and like every year, the build-up to the shareholder meet is rising ahead of the event.
In the last four years, the market was disappointed post AGM, leading to a negative stock price reaction. And hence, this time the stock expectation is quite modest, leaving enough room for a positive surprise.
Geopolitical event around US tariff clouds this AGM as Mukesh Ambani-controlled RIL, along with PSU refiners, is one of the largest consumers of Russian crude. India has been isolated by the US in imposing 25% additional tariff for buying Russian crude. This is compared to China which is the largest consumer of Russian crude and European Union that consumes natural gas from Russia.
Ambani is likely to address the issue of crude sourcing diversification at the AGM to its shareholders.
Mukesh Ambani is also likely to address doubling of overall business by 2030 and doubling of Jio and Retail in the next 3-4 years.
RIL AGM Live Updates: Share Price Flat
Reliance Industries Ltd. share price is flat as of noon.
Reliance AGM Live Updates: SEBI's Proposed Minimum Float Rules Remove Liquidity Hurdle Ahead Of RIL AGM
Reliance Jio IPO: Market regulator SEBI's recent proposal to modify the minimum public offer requirements for large IPOs can have meaningful positive implications for Reliance Jio’s potential market debut.
For issuers with a post-IPO market cap of Rs 5 lakh crore, the minimum public offer size will be reduced from 5% to 2.5% of post-issue capital, as per the proposal, noted analysts at Citi Research. The brokerage values Jio Platforms at an enterprise value of $135 billion and equity value of $120 billion.
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RIL AGM 2025 Live: Date And Time
Reliance Industries Ltd. is scheduled to hold its 48th Annual General Meeting (AGM) on Friday. The company is expected to announce a dividend at the AGM. An announcement regarding the initial public offering (IPO) for Jio is also expected at the AGM.
RIL has scheduled its AGM at 2 p.m. on Aug. 29 via video conference.
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