RIL annual report FY23: Key highlights of Mukesh Ambani's ₹17.7 trillion conglomerate
m-cap companies, RIL is also expecting to move forward with the plan of the public listing of Jio Financial Services. Other than its expansion plans, the company also seeks the appointment of Mukesh ambani as chief executive for another 5 years at nil salary according to a company shareholder resolution. -The company will hold its much-awaited 46th Annual General Meeting (AGM) on August 28, 2023.
A major announcement related to the public listing of Jio Financial services is also expected. -For the Reliance Industries, the year FY23 was dedicated to sustainable sources. In the mentioned financial year, RIL achieved its first-ever-green hydrogen production with firing of torrefied biomass in gassifiers.
-The company also aims to improve the Heterojunction Technology (HJT) module efficiency by 2026. - The other highlight of the report is the company's aim to extend the life of PV modules from 25 to 50 years. -Reliance Retail crossed the 1 billion transaction mark in FY23.
In the previous financial year, the retail business of the company included 3,300 new stores in its network. The total number of the store tally reached to 18,040 stores Pan-India. The retail business of the firm witnessed a 50% increase in its store area as well as footfall.
-FY23 also witnessed the expansion of Reliance Jio's 5g coverage in India. It expanded to 2,300+ cities and towns. The rollout of FTTH services also gained momentum during the year.
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