Reliance AGM 2022: From 5G, succession plan to green energy; here’s what to expect

India

oi-Madhuri Adnal

Mumbai,
Aug
29:
Mukesh
Ambani-led
Reliance
Industries
Ltd
(RIL)
will
hold
its
45th
Annual
General
Meeting
(AGM)
virtually
today
at
2
pm
through
video
conferencing.
Reliance
Chairman
and
Managing
Director
Mukesh
Ambani
will
virtually
address
shareholders
this
afternoon
in
the
immersive
and
interactive
3D
world
of
metaverse,
PTI
said.
It
will
become
one
of
the
first
companies
globally
to
conduct
its
annual
general
meeting
(AGM)
simultaneously
on
a
virtual
reality
platform,
while
also
live
broadcasting
it
on
five
leading
social
media
platforms,
in
addition
to
the
official
JioMeet
broadcast.

Powered
by
GMetri,
the
Reliance
AGM
virtual
reality
(VR)
platform
is
designed
for
a
user
to
virtually
walk
through
a
lounge,
and
explore
business-wise
highlights
of
the
company’s
annual
report
2021-22
in
an
interactive
manner
by
entering
and
exiting
different
virtual
rooms.

Following
Centre’s
announcement
of
rollout
of
5G
services
in
the
country,
the
companies
timeline
for
the
same
is
being
looked
forward
to
in
this
AGM
and
with
it
the
launch
of
the
JioPhone
5G.
Succession
of
the
company,
future
roadmap
on
green
fuel,
retail
and
telecom
is
also
being
expected
in
this
year’s
edition
of
the
AGM.

Reliance
AGM
2022:
Major
announcements
expectations

5G
Services:
After
IT
Minister
Ashwini
Vaishnaw
announced
commercial
rollout
of
the
first
phase
of
5G
services
in
India,
the
company’s
blueprint
for
the
same
will
be
expected
in
today’s
meeting.
For
the
first
phase,
5G
services
will
be
made
available
in
12
cities
across
the
country
–
Chandigarh,
Gurugram,
Mumbai,
Gandhinagar,
Ahmedabad,
Jamnagar,
Pune,
Lucknow,
Kolkata,
Bengaluru,
Hyderabad,
Chennai.

JioPhone 5G:
With
the
rollout
of
5G
services,
the
company
may
launch
the
JioPhone
5G
smartphone
which
is
expected
to
be
priced
under
Rs
12,000.
As
per
a
report,
the
smartphone
may
cost
between
Rs
9,000
and
12,000.
It
is
expected
that
the
company
also
brings
easy
financing
options
with
the
device
that
could
make
it
more
affordable,
similar
to
what
we
have
seen
it
doing
with
the
JioPhone
Next
in
2021.

Reliance
AGM
2022
at
2
pm
today:
When
and
how
to
watch
LIVE

Succession:
With
Mukesh
Ambani’s
elder
son
Aakash
already
taking
over
as
the
Chairman
of
Reliance
Infocomm
Ltd
and
other
two
children,
daughter
Isha
and
son
Anant,
holding
various
directorships
in
the
group’s
unlisted
firms,
the
Reliance
Industries
Chairman
is
expected
to
make
leadership
announcements
with
stepped
up
involvement
of
his
children
and
wife
Nita
Ambani,
reported
Mint.

Green
energy:
The
RIL
may
announce
revised
targets
to
bring
down
the
cost
of
green
hydrogen
after
the
Parliament
passed
the
Energy
Conservation
(Amendment)
Bill,
2022
this
month.
The
Act
proposed
a
mandatory
threshold
for
consumption
of
green
fuels
such
as
green
hydrogen,
green
ammonia,
and
biomass
in
all
industries.
Earlier
the
company
had
said
that
it
would
bring
down
the
cost
to
$1
per
kg,
but
the
same
could
be
advanced
as
Adani
New
Industries
plan
to
invest
over
$50
billion
(Rs
3.9
trillion)
in
the
next
10
years
in
green
hydrogen,
as
per
a
report
by
Business
Standard.