Highlights of Reliance Annual General Meeting

Highlights of Reliance Annual General Meeting

Last Updated: May 07, 2018 - 03:30 am 174.7k Views

The 41st Annual General Meeting (AGM) of Reliance Industries Ltd was held today. Here are some key takeaways from the AGM.


  • Jio phone has 25mn users at present.
  • YouTube, WhatsApp and Facebook services to be available to JioPhone users from August 15
  • RIL is planning to launch the Jio phone 2 priced at Rs2999 on August 15.
  • The company is launching the Monsoon Hungama offer that will enable users to exchange their old feature phone for a new Jio phone for Rs501.
  • RIL aims to eventually have 100mn users on the Jio phone platform.

Jio Fiber

  • Jio Fiber to launched by August 15, to disrupt cable TV service providers.
  • The company is launching JioGigaFiber, a fixed-line broadband service. Jio Fiber will connect homes, merchants, MSMEs, and large enterprises across 1,100 cities. JioGigaFiber is a home internet and connectivity solution which aims to bring digital connectivity to the home.
  • The Giga Router would provide WiFi, while GigaTV would provide Hi-Def 4K TV channels. JioGigaFiber to open registrations on August 15.
  • Jio utilization at ~20%, significant room to grow without capex.

Petrochemicals Business

  • With partner BP, RIL plans to deploy technologies to begin gas production from KG-D6 by 2020. The goal is to achieve 30-35mn cubic meters of per day production by 2022.
  • RIL is the largest recycler of PET bottles in the country.
  • RIL commissioned the largest pet coke gasification project. This will improve the company's profitability.
  • RIL also launched R-Elan last year.
  • They have successfully commissioned the largest paraxylene complex with 4.2 MT capacity. Further, they have also commissioned the largest off gas ethylene cracker.

Retail Segment

  • 4,000 new Reliance Retails stores opened. The total store count reached to 7,500 stores with 350mn footfalls.
  • RIL aims to launch a new offline online e-commerce model through the use of Jio's digital infrastructure and retail network.


  • Reliance Industries has one of India's largest media and entertainment networks in its portfolio.
  • Moreover, 1 in 5 internet users are on Network 18's websites and 1 in 2 people watch its TV channels.  

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Nifty Outlook for 6 June 2023

After a gap-up opening, the nifty index traded higher throughout the day and settled at 18593.85 levels with a 60 points gain. While, Banknifty inched up by 0.37%, and closed at 44101.65. On the sector front, Nifty Auto & Media has contributed more than 1% gains, followed by the Metal and Commodities indices. While PSUBANK, FMCG & IT dragged slightly for the day.

  • Jun 05, 2023
How to Protect Demat Accounts from Fraud

Introduction In today's digital age, knowing how to protect a demat account from fraud is crucial. An electronic repository for retaining your securities, a demat account is susceptible to many forms of fraud and online threats. However, you can protect your demat account and lessen the risk of fraudulent actions by taking crucial precautions.

  • Jun 04, 2023
How To Make ₹50 Lakh in 5 Years

Introduction A person starts investing with a sizable financial objective, but whether they can create that much money is always questionable. The goal is to become wealthy - a billionaire numerous times over. Making 50 lakhs in 5 years may seem to be an impossible feat, but it is not. Anyone may accomplish important financial objectives with appropriate preparation and dedication.

  • Jun 04, 2023

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number