InvestorQ : What were the takeaways from the Reliance Industries 44th AGM?
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What were the takeaways from the Reliance Industries 44th AGM?

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Rashi Mehra answered.
6 months ago
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At its 44th AGM, Reliance announced a massive Rs.75,000 crore outlay to green energy including manufacture of batteries, green hydrogen etc. In a signal that the Aramco deal will go through soon, RIL has also inducted Yasir Al-Rumayyan into the board of RIL. The stake sale is likely to be completed by FY21. Retail also plans to grow to 3 times its current size in the next five years leveraged on Facebook, WhatsApp and Google cloud.

Under the green energy plans, RIL will build 4 giga factories focusing on solar, storage battery and green hydrogen. Jio also unveiled the much awaited smartphone, JioPhone Next, in association with Google. This will be launched officially in Sep-21. The grand plans is to use Google Cloud and give a 5G experience to customers to transport nearly 30 crore Indians from 2G to 5G experience.
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