At the 47th Annual General Meeting of Reliance Industries on August 29, Chairman Mukesh Ambani outlined a series of groundbreaking initiatives aimed at advancing the company’s technological and energy capabilities.
Key Highlights from Mukesh Ambani’s Address:
- AI and Digital Infrastructure:
- Reliance is investing in AI-led digital offerings, preparing for a national AI infrastructure.
- The company is developing “Jio Brain,” a suite of AI tools, to enhance its business operations and aims to bring AI benefits to every Indian.
- AI models will be hosted within India, complying with local data and privacy regulations, and will support sectors such as agriculture, education, healthcare, and small businesses.
- Renewable Energy and Battery Manufacturing:
- Reliance will begin producing solar PV modules by year-end and is constructing an advanced battery manufacturing facility at Jamnagar.
- The company plans to establish the world’s largest integrated green energy ecosystem at Jamnagar by 2025.
- Technological Innovations:
- Jio has become the world’s largest mobile data company with 490 million users and a fully homegrown 5G stack.
- New developments include Jio Phonecall AI for recording and transcribing calls, and Jio TvOS, a home-grown operating system.
- Retail and Exploration:
- Reliance Retail is among the top global retailers, with 19,000 stores and 4 million kirana partners.
- In exploration and production, RIL fields contribute 30% of India’s domestic gas production, and Jio-bp leads in charging infrastructure.
- Financial Announcements:
- Reliance will consider a bonus issue in the ratio of 1:1 on September 5.
Mukesh Ambani emphasized Reliance’s commitment to growth across its five key engines—O2C, Retail, Jio, Media, and Green Energy—projecting a doubling of revenue and
