RELIANCE 46TH AGM

 

RELIANCE 46^TH AGM HIGHLIGHTS

Reliance JIO 5G across India by December,wireless net Launch in September

Airfibre to provide high speed internet using 5G Network

Reliance Industries chairman Mukesh Ambani on Monday announced the launch of JIO Air Fiber on Ganesh Chaturthi (September 19) which would provide high speed broadband services to homes over the air without the need for ground fiber to reach the last mile.

He added that national 5G rollout will be completed by the end of this year.

Jios customer base has now crossed the mile stone of 450 million subscribers reflecting a year on year revenue growth of over 20%.Peruser data consumption on Jios network has  also surged with the average user now consuming over 25GB every month.This translates to monthly data traffic of 1100 crore GB’s representing a 45% year on year growth.Ambani said at the 46^th AGM of Reliance Industries.

Jio Air Fiber uses our pan India 5G network and advanced wireless technologies to bypass need for last mile fiber.Through optical fiber,we can currently connect around 15000 premises a daily.With Jio Airfiber we can supercharge this expansion with upt to 150000 connections per day.That is a10 fold increase,expanding our Addressable market over next 3 years to over 200 million high paying homes and premises.

In just 9 months Jio 5G is present in over 96% of census towns,We are on track to cover entire country by December this year.This makes JIO 5G fastest ever 5G roll out of this scale anywhere in the world as said by Mukesh Ambani  chairperson of Reliance Industries.

 

 

AMBANI NEXT GNERATION SET TO ENTER RIL BOARDROOM

ISHA ,AKASH AND ANANT  JOINING THE BOARDROOM

All the above three children will be inducted on the Board as non executive directors.

RELIANCE TO BUILD WIND POWER FACTORY

Reliance Industries will expand into wind power equipment with the help of more established firms to boost the conglomertes suite of clean energy products.Reliance will partner with global leaders in the renewable technology to offer cost efficient turbines .The firm is building a carbon fiber plant in Gujarat to reduce the raw materal expenses for blades as said by the Mukesh Ambani to all its share holders at the 46^th AGM of Reliance Industries.