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Finshots

24 Jun, 11 tweets, 2 min read

Reliance AGM!! Here we go. Stay tuned with us for live updates & key announcements!

Here's what Reliance has been doing to fight COVID-19:

1. Reliance is producing 11% of India’s total liquid oxygen, the highest by any Indian company

2. Gave away 7.5 Cr free meals to marginalised communities, daily wage earners and front line workers

3. Set up 116 Vaccination centres in 109 cities

4. Conducted the largest corporate vaccination drive for its employees across the country

Fun fact: Reliance Retail continues to be the leading retailer in the country, with a scale larger than 6 times the next competitor. RIL entered retail in 2006, and just in 8 years scaled up to India's largest retailer.

For those who've been waiting to hear this...RIL will be formalising a strategic deal with Saudi Aramco and it’s Chairman, H.E. Yasir Al-Rumayyan will join RIL as an Independent Board Member.

A major step towards RIL's internationalisation.

RIL to invest Rs. 60,000 Cr in its "new energy biz", with a focus on developing four Giga factories to support a green ecosystem.

Expanding its vision to make India 2G ‘mukt’, Jio has partnered with Google to develop ‘JioPhone Next’ which will be a feature-rich yet an ultra-affordable smartphone.

It's raining partnerships for Jio: Working with Microsoft’s cloud Azure to provide data facilities to startups and SMEs; launched JioMart on WhatsApp through its partnership with FB & using Google Cloud’s tech in its 5G foray.

Fun Fact: Jio's apparel business sold ~ 5 lakh units per day and over 18 crore units during the year, which is equivalent to dressing the entire population of UK, Germany and Spain once.

JioFiber became the largest and the fastest-growing fixed broadband operator in India and acquired over 2 Mn new premises in the last year, with a cumulative base of 3 Mn active users. Pretty huge!!!

And that's a wrap folks! What's ironic, however, is after all these optimistic announcements the RIL stock is down 2%. Let us know your thoughts, and if we missed something important!

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