Mukesh Ambani Unveils Big Plans for Reliance: AI, Fashion, and Green Energy
Mumbai (Maharashtra) [India], August 29: Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), presented transformative strategies at the 47th Annual General Meeting (AGM). The focus is on deep tech and AI-native capabilities to enhance operations. The board will consider a 1:1 bonus share on September 5.
Reliance is building a platform for small and medium vendors and regional brands to grow. Reliance Retail announced partnerships with global fashion giants ASOS and Shein to bring trendy and affordable fashion to Indian consumers.
Jio’s digital services arm now carries 8% of global mobile traffic, serving 490 million subscribers and nearly 30 million homes. Jio aims to connect 100 million homes and 20 million small and medium businesses (SMBs) with its services. Jio is also building large-scale AI infrastructure with gigawatt-scale AI-ready data centres in Jamnagar, powered by green energy.
Reliance’s Oil-to-Chemicals (O2C) and upstream operations will see enhancements, focusing on global feedstock sourcing and supply chain improvements. The company plans to expand its vinyl and polyester chains, with facilities at Dahej and Nagothane scheduled for completion by 2026-27. A world-class integrated carbon fibre plant at Hazira is also planned.
Reliance’s new energy ventures aim to lead the green revolution, with plans for an integrated manufacturing ecosystem for the solar value chain, battery energy storage systems (BESS), and electrolysers. The company is working on converting green energy into green hydrogen and green molecules for international markets, with solar PV module production set to start by the end of this year.
Doubts Revealed
Mukesh Ambani -: Mukesh Ambani is a very rich and important businessman in India. He is the boss of a big company called Reliance Industries Limited.
Reliance Industries Limited -: Reliance Industries Limited is a huge company in India that does many things like making oil, selling clothes, and providing internet services.
AGM -: AGM stands for Annual General Meeting. It’s a big meeting where the company talks about its plans and how it did in the past year.
AI -: AI stands for Artificial Intelligence. It’s like teaching computers to think and learn like humans.
1:1 bonus share -: A 1:1 bonus share means that for every share you own in the company, you get one extra share for free.
ASOS -: ASOS is a popular online store from the UK where people can buy trendy clothes and accessories.
Shein -: Shein is another online store that sells fashionable clothes at low prices. It’s very popular among young people.
Jio -: Jio is a part of Reliance that provides internet and phone services to people in India.
SMBs -: SMBs stands for Small and Medium-sized Businesses. These are smaller companies that are not as big as Reliance.
Oil-to-Chemicals -: Oil-to-Chemicals is a process where oil is turned into useful chemicals that can be used to make things like plastics and medicines.
Green energy -: Green energy is energy that comes from natural sources like the sun and wind. It’s better for the environment because it doesn’t cause pollution.
Solar PV module -: A Solar PV module is a device that turns sunlight into electricity. It’s used in solar panels.
Green hydrogen -: Green hydrogen is a clean fuel made using renewable energy like solar or wind power. It can be used to power cars and factories without causing pollution.
