Mukesh Ambani-led Reliance Industries 41st AGM: 5 takeaways

Reliance Industries Chairman Mukesh Ambani has revealed company's future plan at its 41st AGM in Mumbai on Friday. Here are top 5 points: (Express Photo)

1. Reliance Jio Infocomm will launch 4G services by December this year. The company has the largest footprint of liberalised spectrum in the country, acquired at a cost of Rs 34,000 crore. (Express Photo)

2. Mukesh Ambani will re-enter the telecom business with a Rs 4,000 4G LTE smartphone by year end, offering voice and data services for as low as Rs 300-Rs 500 per month. (Express Photo)

3. Reliance Jio Infocomm, in April has launched its first mobile application, 'Jio Chat' that integrates chat, voice, video calling, conferencing, file sharing, photo sharing among others. "In just the first few weeks of operations, Jio Chat now has a million active users, without any paid promotions or over paid advertisements whatsoever," Ambani said (Express Photo)

4. Reliance Industries also plans to complete projects worth over Rs 2 lakh crore in the core oil and petrochemical businesses over the next 12-18 months, Chairman Mukesh Ambani said on Friday. (Express Photo)

5. Reliance Retail is planning a big push in the e-commerce segment this year through rollout of online stores for fashion and lifestyle, grocery and business-to-business verticals. In modern retail, the company is looking to scale up its presence to over 900 cities from the current 200 across formats by the next year. (Express Photo)