Mukesh Ambani at RIL AGM: AI ramp up, new energy updates and 1:1 bonus

Chairman Mukesh Ambani at the 46th Annual General Meeting of Reliance Industries, 2023.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Chairman Mukesh Ambani at the 47th Annual General Meeting of Reliance Industries on August 29 announced AI-led digital offerings, and said the company is preparing the groundwork for a national AI infrastructure.

The production of solar PV modules will begin by the end of the year, Mukesh Ambani said, adding that RIL has commenced the construction of an advanced battery manufacturing facility at Jamnagar.

Earlier in the day, RIL informed stock exchanges that it will consider a bonus issue in the ratio of 1:1 on September 5.

Here is a quick summary of the top highlights of Mukesh Ambani's address at the Reliance Industries AGM:

Digital Services

·         Jio now world's largest mobile data company with a 490-million users, on average consuming over 30 GB of data monthly.

·         Last year, Reliance filed over 2,555 patents, mainly in bio-energy innovations, solar and other green energy sources, and high-value chemicals.

·         Jio's network carries nearly 8% of global mobile traffic.

·         Jio a true deep-tech innovator with a fully homegrown 5G stack at core, developed by Jio's engineers.

·         Built AI-native digital infrastructure for all Reliance businesses

·         Aim to to bring the benefits of AI to every Indian, everywhere, just as we did with broadband.

·         Jio is developing a comprehensive suite of tools across AI - called Jio Brain. RIL starting to use Jio Brain to drive a transformation across Reliance operating companies.

·         Laying the groundwork for a national AI infrastructure, and establish gigawatt scale AI-ready data centres in Jamnagar, powered by Reliance's green energy.

·         Four sectors that will benefit the most from AI - Agriculture, Education, Healthcare and Small Businesses.

·         RIL's AI models and services will be hosted within India's borders, and comply fully with Indian data and privacy regulations.

·         RIL's AI models need a delivery model where every user can access data and AI services from anywhere, on any device, over low-latency broadband networks. We call this concept Connected Intelligence.

·         Jio users to get up to 100 GB of free cloud storage, to store and access photos, videos, documents, all other digital content, and data. We plan to launch Jio AI-Cloud Welcome offer starting Diwali this year offering affordable cloud data storage and data-powered AI services.

·         Launch Jio TvOS - 100% home-grown operating system - for Jio STB.

·         HelloJio made smarter using latest GenAI technologies, improving its natural language understanding.

·         Intorduce Jio Phonecall AI that lets users record and store any call using AI and convert it from voice to text.

·         Targetting to double our revenue and EBITDA over next three to four years.

·         Developed JioHome app as a personal control center to manage everything at home—from Wi-Fi to smart devices.Media and Entertainment

·         Partnership with Disney marks the beginning of a new era in India's entertainment industry and we are combining content creation with digital streaming.

Reliance Retail

·         Among the Top-5 global retailers in terms of number of stores and among the Top-10 in terms of market capitalisation.

·         Among the Top-20 retailers in terms of number of employees, and among the Top-30 retailers in terms of revenue.

·         Built 19,000 stores with nearly 80 million sq. ft. across 7,000+ cities, 4 million kirana partners

·         In grocery, expanding at 2.5 times the rate of the rest of modern retail trade.

Exploration and Production

·         RIL's fields now contribute nearly 30% of India's domestic gas production

·         Jio-bp has become India's leading fast and reliable charging company with over 4,800 charge points across India.

O2C Business

·         O2C business achieved revenue of Rs 5,64,749 crore ($67.9 billion) and an EBITDA of

·         Rs 62,393 crore ($7.5 billion) last year.

·         New integrated facilities in Vinyl value chain to add 1.5 MMTPA of PVC and CPVC at Dahej and Nagothane by FY27.

·         Building India's first integrated Carbon Fibre plant at Hazira, which will be among the top three units globally.

·         Reliance on track to reach a capacity to recycle 5 billion PET bottles per annum by next year

·         Adding a million tonnes of specialty polyester capacity by FY27.

New Energy

·         Initiated a pilot on 1,000 acres of arid wasteland to establish a first-of-its kind integrated CBG plant.

·         Will commence production of RIL's own solar photovoltaic (PV) modules by the end of this year.

·         Production at the integrated advanced chemistry-based battery manufacturing facility at Jamnagar will begin by second half of next year.

·         Integrated advanced chemistry-based battery manufacturing facility with a 30 GWh annual capacity at Jamnagar.

·         By 2025, Jamnagar will become the cradle of our New Energy business, with the Dhirubhai Ambani Green Energy Giga Manufacturing Complex being the world's largest integrated ecosystem at a single location.

·         Leased wasteland in Kutch - 250 km from Jamnagar - which has potential to generate about 150 billion units of electricity in 10 years — providing ~10% of India's energy requirements.

·         Secured access to nearly 2,000 acres of land at Kandla port, which complements our marine infrastructure at Jamnagar

·         Will accelerate the development of renewable energy on a round-the-clock basis (RE-RTC) and green fuels projects in a modular and phased manner.

·         Started work on fully automated, multi-GW electrolyser manufacturing facility on the west coast, which will be ready by 2026.

·         Initiated an energy plantation pilot on 1,000 acres of arid wasteland to establish an integrated CBG plant.

·         By the end of this year, we will commence the production of our own solar photovoltaic (PV) modules.

Value Creation Roadmap

·         Our value creation strategy rests on the foundation of our track record.

·         Reliance among the world's Top 50 most valuable corporations

·         Jio and Retail expected to double revenue and EBITDA in the next 3-4 years. See immense growth potential in media business

·         My privilege to establish, lead, and nurture our five growth engines – O2C, Retail, Jio, Media, and Green Energy and fuels.

·         Uniquely positioned to grow new businesses around adjacencies of all these growth engines.

·         Today, three of these engines have a valuation of over $100 billion each, and they will continue to grow even faster.

·         New Energy business will be the new jewel in Reliance's crown, foresee it becoming as big, profitable over next 5-7 years as O2C business

·         Confident that Green fuels, AI-based solutions will become long-term growth engines for Reliance.

·         Reliance Group well on track to more than double in size before the end of this decade.

·         India needs dozens of Reliances to build an inclusively prosperous, fully modern Developed Nation by 2047.

Chairman Mukesh Ambani also congratulated Akash, Isha, and Anant Ambani on completing one year as board members, and assured investors that the legacy of value creation will continue at Reliance.

Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​​