Reliance Industries Limited (RIL) held its 45th annual general meeting (AGM) today. RIL's chairman and managing director Mukesh Ambani made a slew of announcements at the AGM, held virtually for the third time in a row.
Succession plans
On his succession plan for Reliance Industries Ltd, chairman and managing director Mukesh Ambani identified twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit.He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before".
"Our next-gen leaders are confidently taking over the reins across businesses. Akash and Isha have assumed leadership roles in Jio and Retail respectively. Anant has also joined our New Energy business with great zeal," he said.
“When I see them, I see Dhirubhai Ambani’s pioneering spirit in action. I feel supremely confident that tomorrow’s Reliance will have a better army of leaders, as should happen in any dynamic organisation that empowers its young leaders," Ambani added.
Jio to invest ₹2 lakh cr in 5G; pan-India rollout by Dec 2023
Ambani said that Reliance Jio has earmarked ₹2 lakh crore investment for 5G network and plans to launch the high-speed services in key cities by Diwali.
While speaking at Reliance Industries' 45th annual general meeting, the , RIL Chairman said Jio will roll out 5G services across India by December 2023.He also said subsequently the firm plans to increase Jio 5G footprint month-on-month until December 2023, to deliver Jio 5G to every town, every 'taluka' and every 'tehsil' of the country.
Ambani also said that Reliance Jio has partnered with Qualcomm to develop 5G solutions for India.
He added that the firm is partnering with Google to develop ultra-affordable 5G smartphones and Google Cloud.
It has now forged a collaboration with Qualcomm to develop a 5G solution for India, which can be taken to the rest of the world, Ambani said.
Reliance to invest ₹75,000 cr in petchem expansion
Reliance Industries Ltd will be investing ₹75,000 crore in the next five years to expand petrochemical capacity, its chairman has said.
Speaking at the firm's AGM, he said the investments will be in setting up a PTA plant, expanding polyester capacity, tripling capacity of vinyl chain and a chemical unit in UAE.He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before".
"Our next-gen leaders are confidently taking over the reins across businesses. Akash and Isha have assumed leadership roles in Jio and Retail respectively. Anant has also joined our New Energy business with great zeal," he said.
“When I see them, I see Dhirubhai Ambani’s pioneering spirit in action. I feel supremely confident that tomorrow’s Reliance will have a better army of leaders, as should happen in any dynamic organisation that empowers its young leaders," Ambani added.Ambani said that Reliance Jio has earmarked ₹2 lakh crore investment for 5G network and plans to launch the high-speed services in key cities by Diwali.
While speaking at Reliance Industries' 45th annual general meeting, the , RIL Chairman said Jio will roll out 5G services across India by December 2023.Ambani said that Reliance Jio has earmarked ₹2 lakh crore investment for 5G network and plans to launch the high-speed services in key cities by Diwali.
While speaking at Reliance Industries' 45th annual general meeting, the , RIL Chairman said Jio will roll out 5G services across India by December 2023.
You must be logged in to post a comment.