RIL AGM Highlights: Big Investment In New Energy Business, Aramco Deal Progress, JioPhone Next And More...
Mukesh Ambani said that Reliance Jio is doing a trial run with Facebook to integrate JioMart with WhatsApp.
The initial response from customers has been encouraging, Ambani said.
Google-parent Alphabet's CEO Sundar Pichai, who made an appearance at the AGM via video, said that they will tie-up with Reliance Jio in a new 5G partnership.
"A new 5G partnership between Google Cloud and Jio will help more than a billion Indians connect to a faster internet, support businesses in digital transformation and lay foundation for next phase of India’s digitisation," Pichai said.
Ambani said that RIL plans to build four Giga Factories for each of these task:
Production of solar energy.
Storage of intermittent energy.
Production of green hydrogen.
Fuel cell factory for converting hydrogen to usable power.
Ambani said that RIL will set up two additional divisions—Renewable Energy Project Management and Construction Division and a Renewable Energy Project Finance Division—to further strengthen its renewable ambitions.
RIL AGM Highlights: Saudi Armaco To Invest In Oil-To-Chemicals Unit In FY22, Get A Board Seat
Mukesh Ambani kicked off the annual general meeting by offering condolences to those who lost lives during the pandemic and lauding the humanitarian efforts of RIL.
"Our business and financial success since last AGM have exceeded expectations," Ambani said. "But what has given me far greater happiness than our business performance is RIL’s humanitarian efforts during these exceedingly difficult times"
RIL's AGM has been known to grab eyeballs across the country. Traditionally, it sees physical participation of close to 3,000 investors, besides being watched on television screens and various digital platforms. Last year, it conducted the event online amid the Covid-19 pandemic-led restrictions. The virtual AGM saw nearly 3 lakh concurrent viewers across 42 countries and 468 cities.
Track all live updates from the 44th RIL AGM here...
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