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Reliance Industries (RIL) held its 41st annual general meeting (AGM) today, a quick sneak-peak of the AGM is as follows:
Jio and Retail’s share in overall EBITDA has gone up to 13%, from 2%. The company has launched advanced fiber-based broadband connectivity service called JioGigafibre. Further, Users can start registering for JioGigaFibre from August 15.
The data usage increased to 240 crore GB per month, from 125 crore. The amount of video consumption increased to 340 crore hours per month, from 165 crore hours per month. The company has also added features of Facebook, YouTube and WhatsApp to JioPhone.
RIL launches high-end variant of JioPhone, named JioPhone 2 and the phone is priced at Rs.2,999. JioPhone 2 will be available at Jio stores across India from August 15. Further, Users can exchange existing Jio Phones for a brand new feature phone for Rs 501.
Mr. Ambani said that 7,500 Jio stores saw over 350 million footfalls this year and the company opened over 4,000 new stores within the Reliance Retail this year. He also stated that, our digital connectivity is the foundation for our education, healthcare, agriculture platforms.
The company aims to provide broadband connectivity to villages and schools across India via Jio. Ambani said that, Reliance Industries has stabilized the world’s largest paraxylene complex and commissioned largest off-gas cracker complex.
Further Ambani stated, Reliance Industries is now the largest recycler of PET bottles in the country and the company is also proposing a cross-border merger of RHUSA with Reliance.
