Reliance AGM 2021: Aramco deal, JioPhone Next and other key announcements

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Reliance Industries Limited, India’s most valuable company, apprised its investors of developments including its 5G rollout plan, a cheaper smartphone being developed with Google, and other initiatives for a greener future at its 44th Annual General Meeting (AGM).

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The company showed confidence in concluding the Aramco deal in FY22. In his address, Chairman and Managing Director Mukesh Ambani said Reliance has the capacity to catalyse investments of over $200 Bn directly and through partners. He briefed investors of business updates, and suggested Reliance Retail could grow at least 3 times in the next 3-5 years. He also talked about 5G technology and other initiatives undertaken by the company.

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