Reliance AGM 2022 To Be Held Today. 5G Services, JioPhone 5G Announcements Expected — Details

Reliance AGM 2022 To Be Held Today. 5G Services, JioPhone 5G Announcements Expected — Details

New Delhi: Reliance Industries Limited (RIL) will hold its 45th Annual General Meeting on Monday afternoon on a virtual reality platform and across five social media platforms, taking another leap in a bid to digitally connect people for its annual shareholder meeting. Reliance Chairman and Managing Director Mukesh Ambani will virtually address the meeting in the immersive and interactive 3D world of metaverse, reported news agency PTI citing sources. 

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: Likely Announcements

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.

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 Fuel: 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. 

Reliance AGM 2022: Where And How To Watch

The company will 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.

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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.

Besides, Reliance will be adding two more social media platforms – Koo and Instagram – to its list of digital avenues to broadcast its AGM live this year to digital viewers. It will be available for live viewing starting 1400 hrs on Monday on YouTube, Facebook and Twitter, they said.

Reliance has also activated its 7977111111 WhatsApp Chatbot for its 45th AGM for anyone to easily discover the dates and processes etc around the AGM.

The chatbot, which can be activated with a simple ‘hi’ message to the given number, helps a user find details like the date and timing of the AGM, how to watch it live, how a shareholder can vote or ask questions etc.

(With inputs from PTI)