Highlights of Reliance Industries Limited 44th Annual General Meeting 2021

Reliance Industries Limited has performed well in the midst of the Covid 19 hardship, earning a total income of Rs 540,000 crore. Reliance Industries Chief Mukesh Ambani said the EBITDA stood at Rs 98,000 crore, about half of which came from consumer transactions.

Reliance Industries Ltd said its net profit stood at Rs 53,739 crore. This is more than the previous year. An increase of 34.8%.

Mukesh Ambani said Yasir Al-Rumayyan, head of Saudi Aramco and Public Investment Fund, will join Reliance Industries Limited's board of directors as an independent director. His addition to the board of directors is also the beginning of the internationalization of Reliance.

Jio has revolutionized digital connectivity in India by offering high quality 4G broadband services at a very low price and is now introducing affordable 4G smartphone with the aim of making India 2G-free.

Mukesh Ambani said that Jio has made significant strides in developing indigenous 5G technology and testing activities are continuing.

"We are testing the use of 5G technology for a variety of purposes including education and health care. With the introduction of 5G across India, our technology will be used by many other countries.

Jio and Google have signed an agreement for the implementation of 5G across the country, while Jio's 5G network and services will use the Google Cloud platform. As part of the deal, Reliance's retail business will make extensive use of Google Cloud.

The 'Geophone Next Phone' was jointly developed by Jio and Google teams and will be available in the market on September 10 during Ganesh Chaturthi.

Smartphone has many unique features, including voice assistant, screen reading, translation capability, smart camera with Augmented Reality filters, as well as Google and Jio App, as well as apps on the Android Play Store.

It will be the cheapest smartphone not only in India but in the whole world, Mukesh Ambani said. Speaking on the occasion, CEO of Google Sundar Pichai said, "This smartphone is made from India and will open up new possibilities to millions of new users for the first time."

Reliance continues to partner not only with Google, but also with Facebook and Microsoft. Mukesh Ambani said the launch of Jio Mart services through WhatsApp is continuing and the initial feedback from customers of both Jio Mart and WhatsApp is good. He also said that Microsoft has launched two Geo-cloud Cloud Data Centers in Jamnagar and Nagpur in collaboration with Microsoft.

Mukesh Ambani said that in the last one year, it has been available at more than twenty lakhs new sites. With over three million users in total, Jio Fiber has emerged as India's largest and fastest growing fixed broadband service provider.

With the addition of 1,500 new stores in the last year, one out of every eight customers in India is now dealing with Reliance Retail, Mukesh Ambani said. Reliance Retail has also seen significant gains during the Covid hardship, creating more than 65,000 new jobs. Mukesh Ambani said that Jio Mart services are also getting better and it has set a record of 6.5 lakh orders in a single day.