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In Kutch, RIL also plans to build facilities for production of green ammonia, green methanol, and sustainable aviation fuel.
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Mukesh Ambani announced that the group will invest Rs 40,000 crore ($4.7 billion) to create Asia's largest integrated food parks with AI-driven automation and robotics, over the next three years.
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Reliance’s O2C (oil-to-chemicals) business delivered well in a challenging environment. Jefferies and Morgan Stanley expect a strong growth in Jio telecom unit, and a rebound in the energy segment, respectively.
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The retail segment opened 331 new stores and added 81.3 million sq. ft. in gross area, taking the total store count to 18,918.
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RIL Q1 Results: Profitability in RIL’s oil & gas division surged 30%, driven by a 44% rise in gas production from the KG D6 field.
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Analysts will monitor user additions and ARPU growth in Reliance Industries' telecom business, as well as footfalls and store additions in the retail segment.
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Government said the industry response has been overwhelming as bids received is 7 times the manufacturing capacity that is to be awarded.
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RIL, which will control the joint venture, has clinched a lucrative bargain, underscoring its dealmaking prowess, analysts said. Nita Ambani will be the chairperson of the venture.
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The list was kept in abeyance to boost the number and capacity of solar installations in the country. As a result, domestic manufacturers were hit by the huge imports of components. The implementation of the list will ensure a level playing field for domestic players.
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Nita Ambani, the wife of chairman Mukesh Ambani, submitted her resignation as she would be devoting more time for the group's non-profit arm Reliance Foundation.
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FTSE Russell said it has reversed the decision to drop JFS from its indices from August 22, as reported earlier in the day.
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About 1,454 shares advanced, 2,123 declined and 144 remained unchanged
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Nomura says Reliance Industries Ltd is progressing towards the listing of Jio Financial Services, which is expected in the coming months. It also foresees the oil-to-telecom conglomerate laying down a strong roadmap for growth in financials sector in the coming AGM
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The telecom tariff hike may be delayed till after the general elections in May 2024 but when it comes in, it can quickly change the market structure in favour of RIL, the brokerage has said in its latest report
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The next 25 years will be the most transformational in the 5,000-year-old history of India, the RIL chief said.
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Mukesh Ambani said, "With Stand-Alone 5G, Jio can deliver new and powerful services such as low latency connectivity, massive machine-to-machine communication, 5G voice, edge computing and network slicing, and metaverse."
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Jio Director Kiran Thomas said that with Jio Cloud PC, customers would not have make any large upfront investments or pay for hardware upgrades.
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The conglomerate is committed to maximize Oil to Chemicals integration and convert its feedstock streams to high-value chemicals and green materials, said Chairman Mukesh Ambani
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The previously announced Dhirubhai Ambani Green Energy Giga Complex is coming up over a 5,000-acre facility in Jamnagar, with an aim to establish and enable at least 100GW of solar energy by 2030, Ambani said.
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Mukesh Ambani recalled how the earliest office of Reliance was just a single-room office and had a shared landline phone.
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Addressing the RIL AGM 2022, Jio director Kiran Thomas said, "Very soon, we will be opening a Jio 5G Experience Centre in Mumbai for the public. We will showcase these and many more exciting use cases and possibilities of Jio 5G."
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Reliance Industries Ltd (RIL) chairman Mukesh Ambani said that that Jio's pan-India fibre-optic network is more than 11 lakh kilometres in length.
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On Tuesday, Ravi Shastri tweeted the photo clicked at Lord's where he along with RIL chairman Mukesh Ambani and Google CEO Sundar Pichai watched The Hundred--a 100-ball cricket tournament in London.
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State-run insurance giant LIC, which made its listing debut earlier this year, broke into Fortune Global 500 list by securing the 98th rank.
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After remaining a loss-making provision for several quarters, Reliance's gas exploration business has begun reaping rewards of a global surge in energy prices that have already pushed the rates to a record high.
