In the last ten years, shares of RIL saw mixed trends on the day of the company’s AGM, reacting to the company’s announcements, falling on six occasions, while rising on the rest of AGM days.
On the day of the company’s 44th annual general meeting, shares of Reliance Industries (RIL) ended 2.35 percent lower at Rs 2,153.35 on the BSE (AGM).
RIL Chairman Mukesh Ambani Stated
Source: The Week
On the 44th Annual General Meeting, Mukesh Ambani, the company’s Chairman, stated that the company’s performance remained outstanding despite the pandemic.
“I am happy to report that even in a challenging environment, your company’s performance continued to be outstanding. Our consolidated revenue was nearly Rs 5.4 lakh crore, with a sharp increase from our consumer businesses. Our consolidated EBITDA was nearly Rs 98,000 crore, and almost 50 percent of the EBITDA was contributed by consumer businesses,” he said.
The company’s Chairman announced the launch of a new energy business, as well as Jio and Reliance Retail’s growth plans.
He also mentioned that a new smartphone would be released soon.
“‘I am pleased to announce that Google and JIO teams have jointly developed a truly breakthrough smartphone, that we are calling JIOPHONE Next,” he said.
“It is a fully-featured smartphone, supporting the entire suite of applications from both Google and Jio, as well as the Android Play Store through which users will have access to the entire universe of Android Apps. It is powered by an extremely optimised version of the Android Operating System, that has been jointly developed by JIO and Google, especially for the Indian market.”
In the last ten years, shares of RIL saw mixed trends on the day of the company’s AGM, reacting to the company’s announcements, falling on six occasions, while rising on the rest of AGM days.
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