1. You Are At:
  2. English News
  3. Business
  4. RIL can catalyse investments of over $200 billion: Mukesh Ambani

RIL can catalyse investments of over $200 billion: Mukesh Ambani

Noting that both Jio and Retail are at the beginning of their journey, Mukesh Ambani said that both have an embedded culture of continuous value creation.  

IANS IANS
Mumbai Published on: June 24, 2021 22:03 IST
reliance agm, RIL AGM,reliance share price,mukesh ambani,saudi aramco reliance deal,reliance power s
Image Source : FILE PHOTO/PTI

Reliance has the capacity to catalyse investments of over $200 billion directly and through partners, Mukesh Ambani said addressing RIL's AGM.

Oil-to-telecom giant Reliance Industries (RIL) has the capacity to catalyse investments of more than $200 billion, RIL Chairman and Managing Director Mukesh Ambani said on Thursday.

Addressing RIL's annual general meeting (AGM) on Thursday, Ambani noted that in the last 10 years, Reliance has invested over $90 billion in creating substantial wealth for the nation and value for the shareholders.

ALSO READ: Reliance AGM: JioPhone Next, $15 billion deal with Aramco - Big announcements by Mukesh Ambani

"Reliance has the capacity to catalyse investments of over $200 billion directly and through partners. These investments will create value on an exponential scale. They will be based on our disciplined capital allocation approach, preference for pursuing asset light strategies and emphasis on superior investment grade ratings," he said.

The RIL CMD further said that these investments would create over 10 lakh new employment opportunities, besides fostering thousands of small and medium enterprises across the country.

ALSO READ: Reliance Jio announces JioPhone Next with Android: Price, specifications

"I assure you that your company will consistently increase payout to its shareholders as our earnings continue to grow. I am confident that Reliance's multiple investment and business announcements today will help kick-start growth in the Indian economy," he said.

Noting that both Jio and Retail are at the beginning of their journey, Ambani said that both have an embedded culture of continuous value creation.

Both have also brought immense benefits to hundreds of millions of consumers by mastering the power of revolutionary new technologies, Ambani added.

"Our O2C business combined with our new energy and materials plan will usher in a new era of exponential growth," he said.

Latest Business News

Write a comment

X