Reliance Industries Head Mukesh Ambani Image Credit Source: Samir Jana/HT Via Getty Images
Reliance Industries Chairman Mukesh Ambani has said that he has designed retail, digital services, media and four high-power growth engines of retail, digital services, media and entertainment and new energy to speed up the next phase of expansion of the group. He said in a message to the shareholders in the company’s annual report that along with this, Reliance is adopting himself as deep-tech (state-of-the-art technology) enterprise of a new era. Traditionally, this company, which considers oil and petrol-chemistry (O toy) as the main basis of development, has stepped into retail, telecom and digital services in the last few years. Along with this, a media empire has been created around the news and entertainment channel and laid the foundation of big factories to step into the clean energy sector.
Will fulfill energy demand
Mukesh Ambani said that each of these four platforms is tech and innovation-oriented and is in a position to bring revolution in industries by providing wide prices to Indian consumers and global markets. Regarding its main business oil-chemistry (O2C) business, he said that it will continue to grow by meeting India’s growing energy and material demand. This includes the world’s largest oil refinery complex and petrochemical plant, and oil and gas production business at one place. Ambani said that we are not only expanding companies, but we are making platforms that strengthen people, reduce inequality, promote stability and raise India’s position in the global economy.
Fast changing world
Ambani said that whether it is to change the way Indians shop, consume data, watch entertainment programs or to provide energy to their homes and businesses… Reliance is shaping the future with objective and determination. Ambani said that the world is changing very fast. Its nature is changing through the changes, global changes and technology successes through digital tech. He said that in Reliance, we are seeing it not as a challenge, but as an opportunity. Ambani said that we are reinforcing our future and giving our companies a new look to become an enterprise with the state -of -the -art technology.
Tech integrate of every business
Ambani said that the next generation of tech is being integrated into every commercial field… from energy to entertainment, from retail to digital services…. The group has more than 1,000 scientists who are working on state -of -the -art research in areas such as AI (artificial merit), renewable energy, sophisticated materials and digital platforms. He said that our manufacturing infrastructure is being made safe from future point of view to fulfill India’s desire to become a global manufacturing superpower.
Live world’s largest network
Giving details of the performance of each unit, Ambani said that where the retail business crossed Rs 3.3 lakh crore and the number of stores increased to 19,340. At the same time, Jio emerged as the world’s largest data network with 48.8 million users. 19.1 crore users are included on the company’s 5G network. In the media sector, Reliance combined with Disney, created a large and specific media institute in various styles and added the audience to the record number within the first few months of starting the operation.
Hey earnings from here too
He said that while petrol-chemistry showed strength through disciplined cost management and strong domestic planning, oil and gas earned prior income by recording production from KG-D6 and CBM (Coal Bed Methane) blocks. Ambani said that at the core of Reliance’s success is the foundation based on values, trust and talent. Our strong books, continuous attention to productivity and unwavering commitment to excellence gives us the confidence to adopt adopted adopted ambitions.