Reliance Announces Bonus Shares, New AI Services, 100 GB Cloud Storage, and Major Investments in the Energy Sector

 

• Key Announcements made at the 47th Annual General Meeting

Mumbai : Reliance Industries Limited (RIL) made several major announcements during its 47th Annual General Meeting (AGM) on Thursday. The company will recommend issuing bonus shares to shareholders in a 1:1 ratio at the upcoming Board of Directors meeting scheduled for September 5. Chairman Mukesh Ambani said that Reliance has provided 1.7 lakh new jobs in the financial year 2023-24, bringing the company’s total workforce to over 6.5 lakh.

Mukesh Ambani also emphasized Reliance Jio’s achievement of becoming the world’s largest mobile data company in just eight years. He stated that 8 per cent of the world’s mobile data traffic flows through the Jio network. Jio Air Fiber aims to connect 1 million homes every 30 days, with a target of reaching 100 million homes. On this occasion, Ambani also announced the “Jio AI Cloud Welcome Offer,” providing up to 100 GB of free cloud storage to securely store and access all digital content and data.

Reliance will launch artificial intelligence (AI) services under “Jio Brain,” based on the theme “AI Everywhere for Everyone.” The company also plans to set up a gigawatt-scale AI-ready data center in Jamnagar. Additionally, Reliance aims to grow its New Energy business to match the revenue of its Oil-to-Chemical business within the next 5 to 7 years.

Mukesh Ambani announced that the company plans to establish 55 operational compressed biogas plants by 2025, creating over 30,000 jobs in rural areas and turning farmers into energy providers. Reliance has planned an investment of up to ₹75,000 crore in this sector.