Calling Jio: Key takeaways from Reliance Inds' 42nd AGM

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26 Aug, 2025 12:21

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Moneycontrol BureauReliance Industries (RIL) Chairman Mukesh Ambani, on Thursday, spelt out his plans to roll out a 4G mobile network in India. Speaking at the 42^nd Annual General Meeting, Ambani charted out an ambitious growth path for Jio. As a welcome offer, Jio will be giving free services during the soft launch (from September 5 till December 31). Once the commercial launch kicks off beginning next year, voice will be free of charge -- a move which, many experts say, makes RIL at its 'disruptive best'. While Ambani touched upon petrochemicals and refining businesses, it was Jio that was in the limelight. Here are a few takeaways from from the largely Jio-centric meet.Key Takeaways1) Jio to offer only 4G LTE, to be the largest only 4G LTE network in the world. All voice calls for Jio users to be free 2) Jio's data, voice, video and the full bouquet of Jio applications and content to be available to everyone for free till 31st December 2016.3) Plan to deploy nearly 1 million Wi-Fi hotspots across the country by middle of next year4) Created Jio Digital India Startup Fund with a corpus of Rs 5,000 crores to be invested over the next 5 years.5) Plan to introduce apps around education, health, rural livelihood, agriculture and many more categories to spread digital reach to the remotest corners of India.6) Target for team Jio to acquire 100 million customers on Jio network in the shortest possible time, and create a new world record.7) Capital expenditure in excess of Rs 112,000 crore in FY16 the highest by the company in a single year.8) Investing to double the capacity of petrochemical business. The investments will position Reliance among the top 10 petrochemical players globally9) Making a large investment to ensure that the refinery complex has amongst the lowest costs of energy globally. Project to be completed by first half of next year10) Developed 'unconventional' coal-bed methane (CBM) blocks in Madhya Pradesh along with a 300 km pipeline to transport gas to customers. This development is in advanced stages of completion and production is expected to commence in the current financial year.11) Aggressively investing in content by rolling out new channels, new formats and launching local production.12) Petrochemicals and refining business poised for a 40-50% growth in earnings and cash flows with an annuity like profile.13) Consumer businesses, led by digital services to see rapid growth as services to be  provided to over 100 million consumers in the shortest time.

(Disclosure: RIL, which owns Reliance Jio, also owns Network18 and moneycontrol.com).