Should investors expect big bang announcements in Reliance AGM? Sushil Choksey answers
«So, the cash cow of the company has always been the O2C division, along with gas currently, and they have well supported the retail and telecom to the growth path where we stand today on both the businesses,» says Sushil Choksey, Director, Indus Equity Advisors.
How many Reliance AGMs have you tracked so far?
Sushil Choksey: I am familiar with the company since listing. But how many AGMs you could have attended, that I do not recall. But initial years when there were physical AGMs, I would have attended most of them.
So, what is the anticipation now from the 47th? Any big bang announcements, you think?
Sushil Choksey: What we need to see is a broad vision what Reliance is going to throw on the next three years of capex cycle, on all the verticals, starting from oil to gas. Oil to chemical is stable. Whether any further expansion on plastic and fibre intermediates is possible. The gas division is on upward swing, so the production possibility of doubling from here in the next two-three years is there.
Whether these further explore because gas energy needs of India are increasing and we are import dependent. So, whether they further invest there. In the same vertical, the new energy division, whether the silicon to module and hydrogen, what kind of outlook, where have they reached as on current? I am sure the solar module business is starting this year because that is a requirement for hydrogen business.
Whether 10 gigawatt or 20 gigawatt will roll out in next one year, one needs to see it. And what is the
