Here are the key highlights from the RIL AGM:
- Reliance Jio has 215 million customers within just 22-months
- It has more than 25 million JioPhone users
- JioPhone 2 will have horizontal screen and full keyboard
- YouTube, WhatsApp and Facebook services will be available to JioPhone users from August 15
- Customers can exchange existing feature phones for JioPhones for Rs 501 starting July 21
- Existing JioPhone scheme will continue
- Effective entry cost of JioPhone reduced to Rs 501 from Rs 1,500
- JioPhone 2 will be available at an introductory price of Rs 2,999
- Targets 100 million JioPhone users
- RIL will further maximise oil to chemical upgradation
- Will upgrade all of our fuels to high-value petrochemicals
- Hydrocarbon business is poised for robust value creation
- Continue to pursue to development in KG Basin with joint venture partner British Petroleum
- RIL targets 30-35 million cubic meters gas production from KG-D6 by 2022
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- RIL is second largest paraxylene producer in the world
- RIL adding composites, carbon fiber to portfolio
- Butyl rubber unit will be commissioned soon
- RIL is now largest recycler of PET bottles in India
India can considerably overcome the deficit of physical infrastructure of hospitals and doctors by universalising telemedicine, tele-radiology, eDiagnostics, genomics and other cost-effective cloud-based solutions.Mukesh Ambani, CMD, RIL
As Reliance transitions to become a technology platform company, we see our biggest growth opportunity in creating a hybrid, online-to-offline new e-commerce platform.Mukesh Ambani, CMD, RIL
JioGigaFiber will be the largest greenfield fixed-line broadband rollout anywhere in the world, with rollout happening in 1,100 cities of India simultaneously.Mukesh Ambani, CMD, RIL
With this, the company is aiming to reach the 100 million JioPhone users mark, Ambani said.
#RILAGM | JioGigaFiber - All the features.https://t.co/EnoQpa0i6w pic.twitter.com/637HnK75zR
— BloombergQuint (@BloombergQuint) July 5, 2018
The company launched JioPhone 2 which comes with a horizontal screen feature and a full keyboard. Both the JioPhone and JioPhone 2 will be available in the market going forward, Isha Ambani said.
- Jio to extend fiber connectivity to homes, small and medium enterprises
- Will roll out broadband connectivity services in 1,100 cities
Reliance Infocomm Ltd.’s Reliance Jio has witnessed “unprecedented growth”, doubling its users to 215 million customers in the last one year, Ambani said.
- Doubled customer base to 215 million customers
- Data usage has grown to 240 crore GBs per month From 125 crore GBs
- Voice usage on the network hit 530 crore minutes per day from 250 crore minutes per day.
- Video consumption reached 340 crore hours per month from 165 crore hours per month.
- Customers actively engaged for 290 minutes per day on average
The company has entered into its "golden decade” backed by Reliance Jio and its consumer business, said Ambani.
- RIL is one year into its "golden decade"
- New age consumer businesses have started delivering profits.
- Our hydrocarbon and consumer businesses have helped RIL scale greater heights than ever before
- RIL's earning profile has undergone a fundamental change
- RIL has reached an inflection point
- Our consumer businesses will contribute as much to overall earnings as petrochem business
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