Reliance Industries Limited held its 49th Annual General Meeting (AGM) on June 19, 2026, with Chairman Mukesh Ambani addressing shareholders. The event highlighted the company's strategic direction and major announcements across its business verticals.
Key Announcements
Ambani unveiled ambitious plans for green energy, including a $10 billion investment in renewable energy projects over the next three years. Reliance aims to achieve net-zero carbon emissions by 2035. In telecom, Jio announced the launch of 5G services across all Indian cities by year-end, with a focus on rural connectivity.
Digital and Retail Expansion
The company's digital arm, Jio Platforms, reported a 25% increase in revenue, driven by subscriber growth and new services. Reliance Retail expanded its footprint with 500 new stores, targeting a 30% growth in revenue. Ambani emphasized the integration of AI and blockchain to enhance customer experience.
Ambani also announced a bonus share issue and dividend increase, rewarding shareholders. He highlighted the company's commitment to sustainability and digital India, with plans to create over 500,000 jobs in the next five years.
Financial Performance
Reliance reported a consolidated revenue of ₹8.5 lakh crore for FY2025-26, up 18% from the previous year. Net profit rose 22% to ₹85,000 crore. The company's market capitalization crossed ₹20 lakh crore, making it India's most valuable firm.
The AGM concluded with a vote of thanks to shareholders and employees. Analysts viewed the announcements positively, with shares expected to rise in the coming sessions.
