Jio 5G by Diwali: Fastest network to connect India’s every corner by end-2023: Mukesh Ambani
The CMD of Reliance Industries was speaking at the 45th Annual General Meeting
RIL AGM 2022 LIVE Updates | Mukesh Ambani, in his concluding remarks, said, “I have always believed that the interests of an institution must always override those of any individual or family.”
“Keeping this in mind, we will create a robust architecture for tomorrow’s Reliance to ensure that it remains a united, well-integrated and secure institution even as we develop our existing businesses and add new growth engines,” he further noted.
RIL AGM 2022 LIVE Updates | “Our next-gen leaders are confidently taking over the reins across businesses. Akash and Isha have assumed leadership roles in Jio and Retail respectively. They have been passionately involved in our consumer businesses since inception. Anant has also joined our New Energy business with great zeal. In fact, he is spending most of his time in Jamnagar,” Mukesh Ambani said.
“All three have fully inherited our Founder’s Mindset. They are First Among Equals in a young team of leaders and professionals who are already doing amazing things at Reliance. Of course, all of them are being mentored on a daily basis by our senior leaders, including myself and the Board of Directors,” the RIL chairman added.
RIL AGM LIVE Updates | “With the completion of 75 years of freedom, our country will begin its march into the future with bolder and more confident steps. New India is poised to become one of the Top-3 economies in the world, with a size that can be four or five times bigger in the next few decades. It’s not a question of if, but when,” Mukesh Ambani said.
RIL AGM LIVE Updates | Reliance Foundation, the charitable arm of RIL, is working on a 10-year blueprint, Isha Ambani said.
“We are working on a 10-year blueprint that will make our Foundation bigger and more impactful. I will share the plans with you in the coming year. I would once again like to thank my mother for her dedication and energising leadership to the entire team at Reliance Foundation,” she said.
RIL AGM LIVE Updates | Reliance Foundation recently partnered with the Indian Olympic Association to support our athletes at the Olympic Games, Commonwealth Games, Asian Games, and National Games, Isha Ambani said. “It is very exciting that through this partnership, we will be hosting the first-ever India House at the upcoming Paris 2024 Olympics,” she added.
RIL AGM 2022 LIVE Updates | “Jio Institute has commenced academic sessions this year. We welcomed the first batch of 120 students last month for post graduate programmes in Artificial Intelligence, Data Science, and Digital Marketing,” Isha Ambani said.
RIL AGM LIVE Updates | “We aim to start production of battery packs by 2023 and scale up to a fully integrated 5 GWh annual cell to pack manufacturing facility by 2024, and further scale up to 50 GWh annual capacity by 2027,” Mukesh Ambani said.
RIL AGM LIVE Updates | “RIL’s new energy business will help India become a net exporter of energy. It will also strengthen indigenous R&D base and make India a reservoir of intellectual property. Most importantly, it aims to make India a world leader in new energy manufacturing and a credible alternative to China,” Ambani said.
RIL AGM 2022 LIVE Updates | In addition to solar energy, we are also actively progressing on bio-energy, offshore wind and other non-conventional forms of renewable energy, and will continue to expand our manufacturing ecosystem, the RIL chairman added.
RIL AGM LIVE Updates | “Today, I would like to announce our new giga factory for power electronics. One of the key components linking the entire value chain of green energy is affordable and reliable power electronics,” Mukesh Ambani said.
RIL AGM LIVE Updates | “For our O2C business, this was yet another year of superlative performance. It crossed Rs 5 lakh crore in annual revenues. The EBITDA crossed Rs 50,000 crore. We are committed to maximize Oil to Chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials,” Mukesh Ambani said.