RIL AGM 2021 Takeaways - Towards A Greener Reliance: Motilal Oswal
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.