RIL AGM 2021 HIGHLIGHTS: Mukesh Ambani’s big bang into solar, new energy; Jio launches affordable 4G smartphone

By: |
Updated: June 24, 2021 5:53:44 pm

RIL’s 44th Annual Meet HIGHLIGHTS: Reliance Industries Ltd chairman Mukesh Ambani made a slew of announcements related to solar and new energy business, along with JioPhone Next launch at 44th AGM 2021.

RIL AGM, Mukesh ambani, AGM 2021A slew of announcements ranging from RIL dividend, Jio Laptop, JioPhone 3, 5G plans, update on Saudi-Aramco deal, are expected from Mukesh Ambani's speech

RIL’s 44th Annual Meet HIGHLIGHTS: Reliance Industries Ltd (RIL) chairman Mukesh Ambani made a slew of announcements related to solar and new energy business, along with the launch of JioPhone Next at 44th Annual General Meeting (AGM) 2021. Ambani also announced the induction of Yasir Al-Rumayyan, Saudi Aramco chairman into RIL board. Mukesh Ambani announced that Google and Jio teams have jointly developed a truly breakthrough smartphone – JioPhone Next, a fully-featured smartphone supporting the entire suite of applications from both Google and Jio. JioPhone Next will be available in market from Ganesh Chaturthi, 10th September. “Our vision was to bring affordable access to information for Indians in their own language, to build new products and services for India’s unique needs, and empower businesses with technology,” said Sundar Pichai. He said that the new 5G partnership between Google Cloud and Jio will help more than a billion Indians connect to faster internet. Mukesh Ambani said RIL is working with global partners to develop a range of 5G devices. Jio is not just working to make India 2G-mukt, but also 5G-yukt. Nita Ambani announced that Jio Institute will commence academic sessions at their campus in Navi Mumbai this year itself. Reliance Foundation launched five Missions to fight COVID — Mission Oxygen, Mission COVID Infra, Mission Anna Seva, Mission Employee Care, and Mission Vaccine Suraksha.

Live Blog

Highlights

    17:38 (IST)24 Jun 2021
    Jio, Google Cloud announce long-term strategic partnership in big 5G push

    Alphabet Inc’s Google is forging a cloud partnership with India’s Reliance Jio Infocomm Ltd, helping the country’s biggest wireless carrier with tech solutions for its enterprise and consumer offerings as it plans to launch 5G services. The tie-up lends Jio the expertise of a global tech giant as it expands digital services to small and medium businesses as well as hundreds of millions of individual customers. And it gives Google the unmatched scale of Reliance whose new-age businesses range from telecoms to e-commerce.

    Read full story

    17:17 (IST)24 Jun 2021
    Saudi Aramco chairman Yasir Othman Al-Rumayyan to join Reliance board

    Saudi Aramco chairman and head of the Kingdom’s cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a USD 15 billion deal. Reliance Chairman and Asia’s richest man Mukesh Ambani, who had two years back disclosed the talks to sell a 20 per cent stake in the company’s oil-to-chemical unit to Saudi Aramco, announced the appointment of Al-Rumayyan at the company’s annual meeting of shareholders.

    Read full story

    16:29 (IST)24 Jun 2021
    RIL to become net carbon zero by 2035

    The world is entering a new energy era, which is going to be highly disruptive. The age of fossil fuels, which powered economic growth globally for nearly three centuries, cannot continue much longer. The huge quantities of carbon it has emitted into the environment have endangered life on Earth.

    16:14 (IST)24 Jun 2021
    Reliance invested over $90 bn in creating substantial wealth for India in last 10 yrs

    Mukesh Ambani said that in the last 10 years, Reliance invested over $90 billion in creating substantial wealth for the nation and value for the shareholders. In the coming decade, Reliance has the capacity to catalyse investments of over USD 200 billion directly and through partners.

    16:03 (IST)24 Jun 2021
    RIL has potential to transform itself into leading global company

    The highlight of the 44th RIL AGM is chairman Mukesh Ambani's announcement of the launch of a truly transformational clean energy ecosystem which will   "transform India from a major importer of fossil fuels to an exporter of clean energy." The announcement of Rs 75000 cr investment in the next 3 years in 4 Giga factories will mark a seismic shift in India's clean energy pursuit. The affirmation that RIL will make clean energy a truly global business is good news not only for the planet but for shareholders too. The announcement of an ultra-affordable smartphone jointly developed by RIL & Google to be launched in September has the potential to accelerate India's digitization drive. RIL's plan to substantially scale up clean energy & digital technology has the potential to transform RIL into a leading global company in sync with a sustainable planet. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

    16:01 (IST)24 Jun 2021
    RIL share price ends 2.3% down

    Reliance Industries Ltd (RIL) share price ended 2.35 per cent down at Rs 2,153.35 apiece as RIL AGM 2021 was underway

    15:57 (IST)24 Jun 2021
    Global economy resetting itself in ways that will create a more equal world: Mukesh Ambani

    I see the global economy resetting itself in ways that will create a more equal world, says Mukesh Ambani

    15:55 (IST)24 Jun 2021
    India will conquer the COVID crisis, sooner than later: Mukesh Ambani

    My father, Dhirubhai Ambani, used to say, “Challenge negative forces with hope, self-confidence and conviction, and the ambition and initiative will ultimately triumph.” I have absolutely no doubt that India will conquer the COVID crisis -- sooner rather than later, Mukesh Ambani said.

    15:51 (IST)24 Jun 2021
    Mukesh Ambani thanked the Central and State Govts for their support

    Mukesh Ambani thanked the Central and State Govts, shareholders, investors, lenders, suppliers and customers for their consistent and resolute support

    15:43 (IST)24 Jun 2021
    India is destined to emerge as one of the top three economies in world: Ambani

    India is destined to emerge as one of the top three economies in the world, says Mukesh Ambani

    15:41 (IST)24 Jun 2021
    Indian economy will bounce back at a rate that will surprise the world: Mukesh Ambani

    I foresee that the Indian economy will bounce back at a rate that will surprise the world, says Mukesh Ambani

    15:39 (IST)24 Jun 2021
    India will emerge stronger post COVID-19 pandemic

    Post COVID, India will emerge stronger. It will be a Better India, a Resurgent India, a more Equal India, and a far more Self-Confident India, says Mukesh Ambani

    15:37 (IST)24 Jun 2021
    The best of Reliance is yet to come: Mukesh Ambani

    As Reliance climbs new summits of success in its onward journey, it will also cross new milestones in being a caring and empathetic corporate citizen, says Mukesh Ambani

    15:36 (IST)24 Jun 2021
    RIL transformed to an enterprise that includes mega-scale consumer, technology biz

    Reliance the only company in the world to transform itself into an enterprise that now includes two mega-scale consumer and technology businesses, says Mukesh Ambani 

    15:32 (IST)24 Jun 2021
    Confident of becoming 1st company to roll out 5G network: Mukesh Ambani

    We are confident of becoming the first company to roll out 5G network, says Mukesh Ambani

    15:28 (IST)24 Jun 2021
    Jio Mart registers over 6.5 lakh peak orders in a single day

    Jio Mart registered over 6.5 lakh peak orders in a single day. Over 3 lakh merchant partners from 150 cities were enabled and empowered. 

    15:27 (IST)24 Jun 2021
    Reliance Retail

    Mukesh Ambani today said that Reliance Retail has more than 12,000 stores in the country. He added that one of 8 Indians shops from reliance retail. Relaince Retail sold 18 crore units of apparel and footwear last year, equal to entire Germany, UK, and Spain population.

    15:26 (IST)24 Jun 2021
    Jio working to make India 5G yukt

    we are working with global partners to develop a range of 5G devices. Jio is not just working to make India 2G-mukt, but also 5G-yukt, says Mukesh Ambani

    15:21 (IST)24 Jun 2021
    Jio 5G speed above 1 GBPS

    Mukesh Ambani said Jio has tested its 5G solutions in India and has acheived speed of more than 1 GBPS.

    15:21 (IST)24 Jun 2021
    JioFiber becomes largest fastest-growing fixed broadband operator in India: Ambani

    JioFiber has become the largest and the fastest-growing fixed broadband operator in India, says Mukesh Ambani

    15:20 (IST)24 Jun 2021
    Good response on integrations between WhatsApp, JioMart on a trial basis

    With Facebook, we have launched an initial set of integrations between WhatsApp and JioMart on a trial basis and the response received from both WhatsApp and JioMart customers has been encouraging along with lots of valuable feedback

    15:18 (IST)24 Jun 2021
    5G partnership between Google Cloud-Jio will help billions of Indians connect to faster internet: Pichai

    New 5G partnership between Google Cloud and Jio will help more than a billion Indians connect to a faster internet, Sundar Pichai said

    15:18 (IST)24 Jun 2021
    JioMart launched on WhatsApp

    JioMart has been launched on WhatsApp with full commerce operations to be available soon on the platform.

    15:17 (IST)24 Jun 2021
    Our vision was to bring affordable access to information for Indians in their own language: Sundar Pichai

    Our vision was to bring affordable access to information for Indians in their own language, to build new products and services for India’s unique needs, and empower businesses with technology. The next steps in this vision start with a new, affordable, Jio smartphone, created with Google, says Sundar Pichai

    15:17 (IST)24 Jun 2021
    Google and Jio partner for 5G

    Jio will use Google's cloud services to better its offerings. 

    15:14 (IST)24 Jun 2021
    JioPhone Next to be available in market from September 10: Ambani

    JioPhone Next will be available in market from Ganesh Chaturthi, 10th September

    15:13 (IST)24 Jun 2021
    Google, Jio teams jointly develops JioPhone Next smartphone

    Mukesh Ambani announced that Google and Jio teams have jointly developed a truly breakthrough smartphone – JioPhone Next. It is a fully featured smartphone supporting the entire suite of applications from both Google and Jio, says Mukesh Ambani

    15:12 (IST)24 Jun 2021
    Jio announces JioPhone Next

    Jio and Google announce JioPhone Next -- an android smartphone. The phone would come with cutting edge features like voice recognition, smart camera. To be available in India from September 10.

    15:12 (IST)24 Jun 2021
    Ultra affordable 4G smartphone essential for 2G-mukt Bharat: Mukesh Ambani

    Ultra affordable 4G smartphone essential for 2G-mukt Bharat. Google, Jio have jointly developed a fully-featured smartphone

    15:11 (IST)24 Jun 2021
    Reliance Jio is world's 2nd largest mobile data carrier

    Reliance Jio is world’s 2nd largest mobile data carrier with over 630 cr GBs a month, a 45% growth in data consumption in the last year alone, says Mukesh Ambani

    15:10 (IST)24 Jun 2021
    Reliance Jio sustained its track record of robust performance: Mukesh Ambani

    In spite of COVID-19 pandemic, Reliance Jio sustained its track record of robust performance

    15:09 (IST)24 Jun 2021
    RIL will have no legacy asset write down: Mukesh Ambani

    RIL will have no legacy asset write-downs in the coming years, Mukesh Ambani said during the 44th AGM today. 

    15:07 (IST)24 Jun 2021
    RIL to start investing in India’s first world-scale carbon fiber plant

    Reliance is evolving a vision for New Materials and Green Chemicals. We will kickstart this by strategically investing in India’s first world-scale carbon fiber plant for supporting our hydrogen and solar ecosystems, says Mukesh Ambani

    15:06 (IST)24 Jun 2021
    Reliance to put Gujarat and India on world solar and hydrogen map

    Mukesh Ambani said that Reliance will put Gujarat and India on world solar and hydrogen map. All our products will proudly proclaim ‘Made in India, by India, for India and for the world

    15:05 (IST)24 Jun 2021
    Mukesh Ambani announces to build 2 additional divisions

    Mukesh Ambani announced to build 2 additional divisions to strengthen this ecosystem. First, a dedicated Renewable Energy Project Management and Construction Division. Second, a dedicated Renewable Energy Project Finance Division

    15:04 (IST)24 Jun 2021
    RIL to invest additional Rs 15,000 cr in future technologies

    We will invest an additional Rs 15,000 cr in value chain, partnerships and future technologies, including upstream and downstream industries. Thus, our overall investment in New Energy business will be Rs 75,000 crore in next three years, says Mukesh Ambani

    15:03 (IST)24 Jun 2021
    RIL plans new image for Jamnagar

    RIL plans to transofmr Jamnagar as the hub for its new energy business. The company plans to build 4 giga factories to integrate all components of the new energy ecosystem. RIL will also invest Rs 60,000 crore over the next 3 years.

    15:00 (IST)24 Jun 2021
    Reliance forms new energy council

    Reliance said it is forming partnership with leading univerisites, startups across countries, and technology companies.

    15:00 (IST)24 Jun 2021
    RIL to invest Rs 60,000 cr to to build Giga Factories

    Reliance will thus create and offer a fully integrated, end-to-end renewables energy eco-system. Over the next 3 years we will invest over Rs 60,000 crore in these initiatives, says Mukesh Ambani

    14:59 (IST)24 Jun 2021
    RIL to build 4 Giga Factories to manufacture, integrate critical components of New Energy ecosystem

    Jamnagar was the cradle of our old energy business. Jamnagar will also be the cradle of our new energy business. We plan to build four Giga Factories to manufacture and integrate all critical components of New Energy ecosystem – solar photovoltaic module factory, energy storage battery factory, electrolyser factory, fuel cell factory, says Mukesh Ambani

    Next Stories
    1Sify net profit up 91% in Q1 at Rs 33 crore
    2Vedanta moves Supreme Court, seeks permission to continue medical oxygen production
    3PlayStation 5 versus Xbox Series X: Seagate storage expansion card tips the scales in Microsoft’s favour