Reliance Industries AGM 2021 LIVE Updates: Reliance Industries (RIL), India's largest company by market capitalisation, conducted its 44th annual general meeting (AGM) virtually on June 24 (today), at 2 pm. The annual report will also be available on the company website www.ril.com. The event is closely watched by Dalal Street and this time is expected to be no different. RIL, which has a track record of meeting its target ahead of deadlines, is expected to make announcements across its telecom, retail and O2C business. The conglomerate said it will send its FY21 annual report, along with the board’s report, auditors’ report and other documents required in electronic mode to the members of the company. The company released its latest annual report on June 2. Chairman and Managing Director Mukesh Ambani said that post a record fundraising round, RIL has a “strong balance sheet with high liquidity” that will support growth for its businesses.
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Chairman Mukesh Ambani, while addressing the shareholders, made a number of announcements across its telecom, retail and O2C business segments. Ambani said post a record fundraising round, RIL has a “strong balance sheet with high liquidity” that will support growth for its businesses.
JioFiber, Reliance Industries Limited’s optical fibre-based and gigabit speed fixed broadband service, now has more than three million subscribers, with two million added over the past year, RIL chairman Mukesh Ambani said during the company’s 44th annual general meeting (AGM) on June 24.
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Reliance Industries chairman Mukesh Ambani announced the conglomerate’s ambitions to recast itself increasingly as a clean energy enterprise, powered by huge investments as it braces for a new future.
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I believe speedy recovery in the post-COVID period is beyond any doubt. But beyond recovery, there will be rapid resurgence. I have no doubt that India is destined to emerge as one of the top three economies in the world. My father Dhirubhai founded Reliance on the principles of investing in future technologies, investing in Indian talent, and investing in India's growth opportunity. I have continued the tradition of following his evergreen principles while growing Reliance as a world-class enterprise. As Reliance climbs new summits of success in its onward journey, it will also cross new milestones in being a "caring and empathetic corporate citizen. But believe me: The Best of Reliance is yet to come.
In the last 10 years, Reliance invested over $90 billion in creating substantial wealth for the nation and value for the shareholders. In the coming decade, Reliance has the capacity to catalyse investments of over $200 billion directly and through partners. These investments will also create over 10 lakh new employment opportunities, besides fostering thousands of small and medium enterprises across the country. I assure you that your Company will consistently increase payout to its shareholders as our earnings continue to grow. I am confident that Reliance's multiple investment and business announcements today will help in kick-starting growth in the Indian economy.