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Informist, Friday, Jun 19, 2026

 

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--RIL Ambani: See India emerging much stronger in a fast-changing world
--CONTEXT: Comments by RIL Chairman, MD Mukesh Ambani at co's AGM
--RIL Ambani:India must boost effort for self-reliance in critical resources
--RIL Ambani: Jio is primary enabler of India's AI revolution
--RIL Ambani: Self-sufficiency in AI must become national mission
--RIL Ambani:Retail, digital ops played key role in doubling EBITDA in 5 yrs
--RIL Ambani: Akash, Isha, Anant Ambani heading the Jio IPO process
--RIL Ambani: Jio listing shows India can build tech cos of global scale
--RIL Akash Ambani: Expect average revenue per user to rise significantly
--RIL Akash Ambani: AI expected to make Jio Platforms network more efficient
--CONTEXT: Comments by Jio Platforms MD Akash Ambani at RIL AGM
--RIL Akash Ambani: To focus on True 5G, network slicing hereon
--RIL Akash Ambani: Want to migrate all Jio subscribers to 5G by 2030
--RIL Akash Ambani: To develop sovereign low Earth orbit satellite for India
--RIL Akash Ambani: Reliance Intelligence building AI infra in Jamnagar
--RIL Akash Ambani: To launch AI agent for call assistance
--RIL Ambani: Building an exports platform for FMCG business
--RIL Ambani: Building a mfg platform for affordable electronics
--RIL Ambani: Building a manufacturing platform across sectors
--RIL Isha Ambani: To invest INR 300 bln over 3 yrs on integrated food parks
--CONTEXT: Comments by RIL Non-executive Director Isha Ambani at co's AGM
--RIL Ambani: India's dependence on imports for energy is unsustainable
--RIL Anant Ambani: Doing targeted well-intervention programme at gas fields
--CONTEXT: Comments by RIL Executive Director Anant Ambani at RIL AGM
--RIL Ambani: Confident we will more than double consol EBITDA in 5 years
--RIL Ambani: Reliance Intelligence infra will be operational in 2 years

 

By Sunil Raghu, Anshul Choudhary, Anand Chandrasekhar

 

AHMEDABAD/MUMBAI - Reliance Industries Ltd. management is fairly confident of doubling the group's consolidated earnings before interest, taxation, depreciation and amortisation over the coming five years. Apart from this, Chairman Mukesh Ambani Friday shared the company's 5-S vision for institutional perpetuity and five major value creation pathways for the future growth of each of its business.

 

"We doubled our EBITDA in the last five years, and as I look to the future, I am absolutely confident in our ability to double – indeed, more than double – our consolidated EBITDA over the next five years," Mukesh Ambani told shareholders at the 49th annual general meeting webcast across multiple online platforms. "Today, we stand at the threshold of our next phase of hyper-growth. The foundations have been laid. The platforms have been built. The capabilities have been assembled. And the opportunities before us have never been greater."

 

The chairman of hydrocarbons, telecom, digital, retail, and media behemoth also announced the board's approval to the initial public offering of its material subsidiary Jio Platforms Ltd. Before the end of the AGM, the company had apparently filed the draft red herring prospectus with the Securities and Exchange Board of India for an IPO comprising a fresh issue of 270 million shares.

 

Mukesh Ambani said that they were building Reliance "for the ages" and were implementing a 5-S vision for institutional perpetuity. Explaining, he said first S stood for succession, wherein his three children had completed three years on the Board of RIL and were at helm of individual business verticals under his guidance. While Isha Ambani Piramal leads consumer business, his elder son Akash Ambani leads technology business, and younger son Anant Ambani leads the energy business.

 

"To assist Isha, Akash and Anant, we have groomed as many as 500 young leaders in their 30s and 40s in various business," Mukesh Ambani said. "...the future of your company is not only in safe hands, but in hands that will take Reliance to far greater heights."

 

He listed Systems, Standards, Spirit, and Sustainability as the other four elements of the 5-S, wherein institutionalised systems would help RIL be immune to internal risks and handle external risks, while they strive to create wealth and offer affordable and quality products and services to Indians.

 

Talking of doubling EBITDA over coming five years, Mukesh Ambani said that digital business and retail contributed nearly half of FY26 EBITDA and are increasingly becoming the primary growth drivers for the company's future. He laid 5-pronged value creation road map for energy, retail, and digital business verticals.

 

Beginning with digital business, Mukesh Ambani said now the company was entering execution phase for Reliance Intelligence platform it had announced last year to build a profitable artificial intelligence infrastructure, platform, and services business. He said the company had set out with a clear vision and built right partnerships with Google, Meta, and Nvidia. "A decade ago, Jio promised broadband connectivity to everyone, everywhere. And we delivered on that promise. Today, Reliance Intelligence promises AI to everyone, everywhere," he added.

 

RIL's Jio Platform has over 524 million subscribers under its coverage umbrella, and Akash Ambani said that the target was to migrate all subscribers to 5G by 2030. It also proposes to take high-speed home broadband to every part of India through JioAirFiber, digitise Indian enterprises and small businesses, ensure AI for everyone, even as proprietary deep-tech stack at Jio now ready for deployment with international partners in select geographies. 

 

Akash Ambani expects average revenue per user to rise significantly, even as AI would help make Jio Platforms network more efficient going ahead. To surmount the biggest hurdle for AI--the scarcity and high cost of compute--RIL is building AI backbone in Jamnagar, powered entirely by renewable energy.

 

In a bid to prepare against any competition arising out of launch of Elon Musk's StarLink services in India, RIL hinted that it, too, was considering providing connectivity to remote locations in the country through satellites. Akash Ambani said Jio was evaluating the development of a sovereign low earth orbit satellite constellation. He said RIL was also partnering with the leading global constellation providers by leasing satellite capacity. To anchor this ambition, Jio is building its own ground station infrastructure to help create end-to-end satellite broadband ecosystem from space to ground.

 

Akash Ambani also announced that Reliance Intelligence was building AI services accessible in 22 Indian languages and will power applications in the field of business, agriculture, health, and education. He said that RIL was building AI at heart of its network and this would enable its telecom and broadband users to use their devices to give voice commands and get multiple functions carried out. RIL also plans to launch AI agent for call assistance.

 

Talking about the company's retail business, the company's Non-Executive Director Isha Ambani Piramal, said the company planned to invest INR 300 billion over three years on setting up integrated food parks across the country. These would span biscuits, chocolates, staples, and packaged foods, and would be AI-driven, robotics-enabled, and engineered for lasting cost leadership, Isha Ambani Piramal said. She added one of the aims was to achieve a revenue of INR 1 trillion for Reliance Consumer Products Ltd. by 2030. "Soon, it will be a value-creating engine for Reliance Industries, comparable in scale and profitability to our retail business," she said.

 

On the company's oldest business vertical of energy, Mukesh Ambani said that dependence on external energy source was making India vulnerable to geopolitical instability. RIL, he said, was working on "most comprehensive, integrated and future-focussed plan by any Indian corporate" to boost India's energy sources, from solar, battery, wind power, hydrogen, underground coal gasification, compressed biogas and bioenergy.

 

RIL Executive Director Anant Ambani said the company was doing targeted well-intervention programme at its natural gas fields. He said that company's new energy business was designed to solve India's energy trilemma of security, affordability, and sustainability simultaneously. He reiterated the commitment to develop renewable energy hub acros 550,000 acres of arid land in Kutch district, which is slated to generate over 40 billion units of green electricity every year, about 3% of country's annual electricity needs.

 

"Our peak installation rate target is 55 mega watts of solar modules and 150 mega watts per hour of battery containers per day," he added. Anant Ambani also announced four monetisation streams through green molecules, including green urea, urea ammonium nitrate, green ammonia to co-fire in power generation, and bio-methanol. He expressed confidence that from FY27 onwards, new energy will begin contributing "meaningfully" to RIL's financial performance.

 

Friday, shares of RIL closed at INR 1,309.50 on the National Stock Exchange, down 1.4%.  End
 

Edited by Akul Nishant Akhoury

 

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