Reliance Industries 44th AGM: Know what Mukesh Ambani, Nita, Isha-Akash said, Reliance Industries 44th AGM: Know what Mukesh Ambani, Nita, Akash, Isha said…
Mukesh Ambani, Nita Ambani, Isha Ambani, Akash Ambani
- All the 12 directors of the company’s 44th AGM of Reliance Industries were present.
- Mukesh Ambani said that our business and business has grown better than expected compared to the last AGM.
- Reliance Foundation chairperson Nita Ambani announced the Jio Institute.
During the 44th Annual General Meeting (AGM) of Reliance Industries, Asia’s richest businessman and the country’s largest company, Jio-Google phone has been launched. This phone has been named as JioPhone Next. Will be able to buy it from Ganesh Chaturthi on 10th September. The company says that it is the cheapest smartphone not only in the country but also in the world. Google CEO Sundar Pichai told about this phone. Before the start of Mukesh Ambani’s speech, the company’s shares saw a fall of about 2 percent. All the 12 directors of the company were present in this meeting. At the beginning of the meeting, the company paid tribute to all those who died during the COVID-19 pandemic.
mukesh ambani speech
He said that our business and business has grown better than expected compared to the last AGM. But what made us more happy was Reliance’s human service. Reliance did this work in the difficult times of Corona. In the time of Corona, our Reliance family performed duty like a nation. We are confident that this effort of ours over the last one year has taken forward the efforts of our founding chairman Dhirubhai Ambani. Earlier, Mukesh Ambani kept a minute’s silence for the employees of Reliance who lost their lives in Corona.
Mukesh Ambani said that if our grandfather was with us, he would have felt proud. This is the Reliance, which he always wanted to see, where every person contributes his whole for the needy. We are engaged in the service of our community and country. Jio Institute will start academic session at Navi Mumbai campus from this year.
After about 5 minutes of Mukesh Ambani’s speech, Isha and Akash spoke with Reliance Family. He told about the Care and Empathy Policy. Isha and Akash Ambani said that the relief works during Corona were completed by Reliance under their monitoring.
Nita Ambani’s speech
He said that Reliance Group helped 4.5 crore Indians during the Covid pandemic. Reliance Foundation chairperson Nita Ambani announced the Jio Institute. The headquarters of Reliance Jio is in Navi Mumbai. He said that the pandemic of Kovid is a crisis for humanity. It tested the spirit of humanity. However, in times of darkness, our spirit acted as a light. We came together and fought this battle. Our top priority was the relief of Kovid.
We are still committed to Education and Support for All. Our Jamnagar Refinery in Gujarat produces world class Medical Grade Liquid Oxygen. Reliance produced 100 oxygen tankers. This happened in India and abroad. We set up a 250-bed COVID center in Navi Mumbai last year. Produced more than 1100 MT of medical oxygen daily during Corona. Reliance Foundation worked on 5 missions (Mission Oxygen, Mission Kovid Infra, Mission Anna Seva, Mission Employee Care and Mission Vaccine Suraksha) against Corona.
On this year’s Women’s Day, we launched a digital platform for women named Har Circle. It is an interactive and social digital movement. Reliance Foundation along with USAID also launched the Women Connect India Challenge this year. Reliance ensured that no employee’s salary, bonus was deducted during Corona.
Mukesh Ambani told important things related to the business of Reliance Foundation.
Mukesh Ambani said that the performance of Reliance has been consistently outstanding. Its total revenue has been Rs 5.40 lakh crore. As a big company of the country, Reliance’s contribution to the country’s economy has been good. Merchandise exports accounted for 6.8%. 75,000 new jobs have been created.
Reliance Jio added 379 million new customers during the entire year. It serves 425 million customers. It is the leader in terms of revenue in 19 circles out of 22 circles in the country. Retail share holders have earned returns of 4 times from rights issue in one year.
Our oil to chemical business continued to struggle with challenges due to the slowdown in the economy. Reliance is still the only company globally which is running its operations at full capacity and making profit every quarter.
Reliance Retail continues to occupy a leadership position in the organized sector. It is 6 times bigger than its next competitor. We are a leader in Grocery to Electronics & Apparel. Mukesh Ambani said that Reliance completed the net debt free balance sheet before March 2021. Our target was till March 2021. It was completed two years ago.
Generated consolidated revenue of Rs 5.4 lakh crore. There was a profit of Rs 53,739 crore, which is about 39% more than last year. Exported Rs 1.45 lakh crore to 107 countries. At the same time, 75000 people were given employment.
Reliance paid customs duty of Rs 21,044 crore in the last financial year. Paid GST and VAT of Rs 85,306 crore. 3216 crore income tax paid. Raised capital of Rs 3,24,432 crore. Retail investors got 4x returns in 1 year from the rights issue.
On the strategic partnership with Saudi Aramco, Mukesh Ambani said that the process of partnership with Saudi Aramco is expected to be completed this year. There have also been changes in the board of Reliance. VE P Trivedi retires from the board and Saudi Aramco chairman and Kingdom governor Yasir Al-Ramayen has joined the board of Reliance Industries. Kingdom is a $430 billion sovereign wealth fund.
Making a big announcement in the direction of clean energy, Mukesh Ambani said that in 2021, RIL will set up a 4 gig plant for new energy and materials business. For this, an investment of Rs 75,000 crore will be made in the next three years. By 2030, Reliance will generate 100 GW of solar energy. Its objective is to promote green energy at the country and global level.
Important things related to Jio…
Jio is the largest telecom company in India with 400 million subscribers. At the same time, it is the second country after China where maximum data is being used. To make India 2G free, you need an ultra-affordable smartphone. In view of this, Jio and Google have launched JioPhone Next. Reliance will use Google Cloud for Jio 5G solution. However, the price of JioPhone Next has not been announced yet.
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