Reliance Industries Limited (RIL) held its 45th annual general meeting (AGM) today. During the AGM, which was held practically three times in a row, Mukesh Ambani, the chairman and managing director of RIL, made a number of announcements.

Succession plans:

Reliance Industries Ltd. chairman and managing director Mukesh Ambani chose twins Akash and Isha for leadership in the telecom and retail industries and his youngest son Anant for the new energy unit. He made it clear, though, that he was not yet retiring and that he would "continue to deliver hands-on leadership as before."

"All of our businesses are being led confidently by our next-generation leaders. Akash and Isha have assumed managerial roles at Jio and Retail, respectively. Anant has also eagerly joined our New Energy business "He declared.

"When I see them, I can clearly see Dhirubhai Ambani's pioneering spirit in action. I am quite positive that Reliance of the future will have a stronger army of leaders, as should happen in every dynamic organisation that develops its young leaders, Ambani said. 

"We will provide everyone, everywhere, and everything with the best and most cheap internet connections possible thanks to Jio 5G. We are confident in our ability to provide digital solutions to international markets in addition to satisfying India's demands "The chairman of RIL added.

Reliance Jio has allocated 2 lakh crores for a 5G network, according to Ambani, and plans to provide high-speed services by Diwali in key cities.
By December 2023, Jio would launch 5G services over all of India, according to the RIL Chairman, who was speaking at Reliance Industries' 45th annual general meeting.
He also said that until December 2023, the business planned to increase Jio 5G's footprint monthly in order to offer the service in every town, "taluka," and "tehsil" across the country.
Ambani noted that Qualcomm and Reliance Jio are collaborating to offer 5G solutions for India.

Reliance to invest ₹75,000 cr in petchem expansion:

The chairman of Reliance Industries Ltd. stated that over the next five years, the business will spend 75,000 crore on petrochemical capacity growth.Jio 5G Is The Top Network Provided by 2020.

Ambani stated that Jio 5G would be the largest and most technologically advanced 5G network in the world and that the telecom provider will roll out the most recent form of 5G, known as Stand-Alone 5G, which is independent of our 4G network.

That is JIO 5G. To give them the finest possible digital experiences and smart home solutions, we will connect 100 million homes via 5G.

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