RIL AGM 2022 Highlights – 5G, New Energy, FMCG Foray In Focus: Motilal Oswal


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

We attended the 45th annual general meeting of Reliance Industries Ltd. on August 29, 2022, following are the key highlights from the event:

The AGM touched upon the company’s ambitious plans across business verticals, particularly the ensuing 5G launch, foray into the fmcg space, and new energy investments.

Reliance Jio: plans to launch 5G services over the next two months across major cities with a target to achieve a pan India coverage by December 2023, incurring an investment of Rs 2,000 billion. It also plans to launch JioAir, a 5G wireless device that will accelerate its home broadband services.

Media: It plans to make inroads in the digital space, with investments in movie rights, original OTT content, and sports content across the spectrum.

Retail: It will continue to expand in all categories (grocery, electronics, fashion, and pharma) through physical as well as digital platforms. It also plans to foray into the fmcg space, thanks to its sizeable private label business.

Oil-to-chemicals: It announced a capex investment of Rs 750 billion, underscoring capex towards a single train PTA plant of 3 million metric tonnes per annum capacity, 1 mmtpa PET capacity, 1mmtpa polyester capacity, and an increase of ~three times in vinyl chain capacity from its existing capacity (1.5 mmtpa integrated) by CY26.

New energy: It recently acquired 100% stake in REC Solar, which specialises in solar panels.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.


Source link

What is your reaction?

In Love
Not Sure

You may also like

Comments are closed.

More in:Business