Reliance AGM 2024: Many big announcements were made in the 47th Annual General Meeting of the shareholders of Mukesh Ambani’s company- Reliance Industries Ltd (NSE: RELIANCE).
In this meeting, there was also brainstorming about the plan of Reliance. Mukesh Ambani has said that the company was committed to ensuring the security of energy of the nation.
He said that the group, which does business from oil to telecom, is not in the business of making profits and accumulating assets, but its focus is on raising funds for the country.
According to Ambani, Reliance is now transforming into a technology company. Ambani said at his address at the AGM at the meeting that Reliance Retail is now among the top five retailers in the world in terms of store count.
-Mukesh Ambani announces Jio AI Cloud’s ‘Welcome Offer’, offering 100 GB free cloud storage to Jio users.
-Reliance will set up a gigawatt-scale ‘AI-enabled data center’ in Jamnagar, Gujarat.
-Reliance Jio aims to create 10 crore domestic broadband customers, with three crore customers joining every month.
Told The News Of Layoffs Was Misleading
During the AGM, Mukesh Ambani dismissed the reports of job cuts and called it misleading. Ambani clarified that Reliance has added lakhs of jobs in the financial year 2023-24.
Ambani said that Reliance has given a total of 1.7 lakh new jobs. The number of employees in the company has increased to over 6.5 lakhs.
Mukesh Ambani rated employment generation for the youth of India as the top national priority. He informed me that Reliance has been ranked as India’s best employer by many agencies. Reliance is one of the largest employers in India.
Share Price
Meanwhile, on Thursday, the shares of Reliance Industries Ltd started rising like a rocket. During the AGM, the share price rose by 2 percent and the price reached the level of Rs 3075.
Quick Fact
Company name: Reliance Industries
| Company name | Reliance Industries |
|---|---|
| AGM Year | 2024 |
| Focus Areas | Energy security, technology transformation |
| Business Scope | From oil to telecom |
| Retail Rank | Top 5 in the world by store count |
| Jio AI Cloud | 100 GB free cloud storage for users |
| New Initiative | AI-enabled data center in Jamnagar |
| Broadband Goal | 10 crore domestic customers |
| Monthly Target | 3 crore new customers |
| Job Addition | 1.7 lakh new jobs in FY 2023-24 |
| Total Employees | Over 6.5 lakh |
| Employment Priority | Top priority for youth employment |
| Employer Rank | Ranked as India’s best employer by many agencies |
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