RIL AGM 2021 Takeaways - Towards A Greener Reliance: Motilal Oswal
The Reliance Industries Ltd. logo is displayed at the company’s annual general meeting. (Photographer: Adeel Halim/Bloomberg)

RIL AGM 2021 Takeaways - Towards A Greener Reliance: Motilal Oswal

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Motilal Oswal Report

Reliance Industries Ltd., in its annual general meeting held on June 24, 2021, announced a change in gears with the introduction of its new green energy business, with large-scale capex planned for the same.

It also continues to focus on the next-gen opportunities in Jio digital and Reliance Retail. Here are the key highlights:

  • Constantly on the lookout for large-scale and high-growth business opportunities, the company announced its next big value creation engine with the launch of its New Green Energy business.

  • With the peak of the investment cycle behind in Reliance Jio and Reliance Retail, it now plans to invest Rs 750 billion towards this ambition over the next three years.

  • The company’s digital business (RJio) has seen revenue growth deceleration in the recent past, with slower subscriber additions and a rising base effect – 29% revenue growth was seen in FY21 versus 102%/34% in FY19/20 and the expectation of 9% revenue growth in FY22E.

Click on the attachment to read the full report:

Motilal Oswal RIL AGM 2021 Update.pdf


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