RIL Announces 1:1 Bonus Issue
Decoding RIL's 40th AGM
Key Highlights From RIL's 40th Annual General Meeting
With the end of another annual general meeting at Reliance Industries, here are the key takeaways.
- RIL has announced a 1:1 bonus share issue for all its shareholders - the largest bonus issue given by any Indian company.
- The company will launch the ‘JioPhone’ - an intellegent 4G enabled feature phone - for trial begining August 15, 2017.
- The JioPhones will be effectively free for alll Jio users and will encorporate the Jio Dhandhanadhan plan for Rs 153 per month.
Ambani On Retail Targets
Reliance has set a 30 percent target growth over the next decade for its reatil business, said Ambani.
RIL's Value Creation Strategy
Reliance will build, within a decade, new businesses of the same value as its existing businesses, said the oil giant’s leader.
Our energy & materials businesses constitute a strong platform to reach an earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 100,000 crore in next few years.Mukesh Ambani, Chairman and Managing Director, RIL
Ambani On Gas Operations
The projects at Jamnagar will place Reliance as among the top 10 petrochemical producers globally, said Ambani.