Highlights of Reliance Annual General Meeting

Highlights of Reliance Annual General Meeting

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.