RIL AGM 2024 Highlights: Focus on AI-Led Development and Key Announcements

Global uncertainty with geopolitical conflicts. Confidence in India's growth as a major economic engine.

Economic Outlook

Introduction of ‘JioBrain’ for AI lifecycle tools. Jio AI Cloud offering 100 GB free storage for Jio users.

Jio's AI Ambitions

RIL crossed ₹10 lakh crore ($119.9 billion) in revenue for FY24. Net profit of ₹79,020 crore ($9.5 billion). Contributed ₹1,86,440 crore ($22.4 billion) to the national exchequer.

Record Financial Year

Proposal to issue bonus shares in a 1:1 ratio to be considered on September 5, 2024.

Bonus Shares

Utilizes More Retail stores for Fresh deliveries Store pickups available to customers

Jio Financial Services

Jio carries nearly 8% of global mobile traffic. 490 million users with average data usage of over 30 GB per month.

Jio’s Growing Network

Entry into luxe jewelry market. Over 19,000 stores with 80 million sq. ft. of space.

Reliance Retail Expansion

Plans to have 55 Compressed Biogas (CBG) plants by 2025. Expansion of solar and battery manufacturing capabilities.

Energy and Sustainability

RIL’s deepwater fields now account for nearly 30% of India’s domestic gas production. Focus on increasing the share of natural gas in India’s energy mix.

KG Basin Success

25% increase in CSR spending to ₹1,592 crore ($191 million). Launch of India House at the Paris Olympics to support Indian athletes.

Social Impact and CSR