Reliance Industries Limited (RIL) informs investors at its 44th Annual Meeting (AGM) about plans to deploy 5G, cheaper smartphones being developed by Google, especially megaplans for green energy investment. did.
Here are the top 8 highlights:
Contract with Saudi Aramco: Reliance Industries Limited said Thursday that it hopes to formalize its partnership with Saudi Aramco by the end of 2021. Reliance Industries’ board of directors as an independent director prior to the US $ 15 billion transaction.
5G Deployment: Google has entered into a cloud partnership with Reliance Jio Infocomm Ltd of India to support Reliance Jio with technical solutions for enterprise and consumer products planning to launch 5G services.
Mega Green Energy Roadmap: With an initial investment of 750 billion rupees, RIL plans to build four giga plants to manufacture and integrate all the key components of the new energy ecosystem.
Jio Institute: Nita Ambani has announced the Jio Institute, which will begin an academic session on its Navi Mumbai campus this year, despite the pandemic.
Covid Care: The Reliance Foundation has launched five missions to fight Covid-19 – Mission Oxygen, Mission Covid Infrastructure, Mission Anna Seva, Mission Employee Care, and Mission Vaccine Slacka. Trust produces over 11 percent of India’s medical grade oxygen. In two weeks, RIL increased production to 1100 metric tons per day.
Three affirmations: Ambani made three affirmations to investors. First, as one of the world’s largest energy markets, India will play a leading role in transforming the global energy environment. Second, Reliance demonstrates leadership with a combination of balance sheet, talent, technology and proven project execution capabilities. Third, Reliance makes the new energy business a truly global business.
Employee Benefits: RIL did not reduce employee salaries, bonuses and other compensation through the COVID-19 pandemic, said Nita Ambani, founder and chairman of the Reliance Foundation. Under Mission Employee Care, Reliance continues to: a) Pay the deceased employee’s salary to his family for the next five years. b) Fund education for children in India until graduation to ensure continuity of medical insurance for family members for life. In addition, families of off-roll employees who succumb to Covid-19 will be provided with a lump sum of Rs 100,000.
JioPhone Next: Mukesh Ambani, who claims to be the most affordable smartphone in the world, has announced the JioPhone Next, a powerful and affordable smartphone jointly developed by Jio and Google. JioPhone Next will be available from September 10th.
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Affordable 4G smartphones, RIL Retail Future, etc.
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