Actually after digital, now the focus of Mukesh Ambani is to increase the retail business. For which he has also prepared. At the AGM, Mukesh Ambani has sounded the bugle of becoming a superpower in the energy sector as well.
RIL Chairman Mukesh Ambani
Whenever Mukesh Ambani does something, he does it big. The country’s richest man and chairman of Reliance Industries has again made a similar announcement today. At the 44th AGM of Reliance Industries, Mukesh Ambani has announced that his Reliance Retail will create more than one million jobs in the next three years. During the AGM, Mukesh Ambani said that the growth of Reliance Retail will be more than 3 times within three to five years.
Actually after digital, now the focus of Mukesh Ambani is to increase the retail business. For which he has also prepared. At the AGM, Mukesh Ambani has sounded the bugle of becoming a superpower in the energy sector as well.
Huge investment in energy business
Apart from retail, Reliance has also announced huge investments in the energy sector. The company will build the Dhirubhai Ambani Giga Complex in Jamnagar, Gujarat. This year the company will announce a new energy business. Reliance will invest Rs 60,000 crore in Renewable Energy. We will also provide infrastructure and materials to support the four giga factories, he said.
Such is the plan being prepared
Our Jamnagar complex will provide the infrastructure and utilities to manufacture the necessary accessories and equipment to support these giga factories so that all critical materials are available on time. At the same time, through solar energy, the company will give cheap modules. The company’s focus on solar energy will continue. By 2030, the company will create 100 GW of energy capacity. The company will continue to focus on storing solar energy in batteries. The company will invest 75000 crores in 3 years in the new energy business.
Big announcements have no effect
Investors did not benefit from the big announcements made at Reliance’s AGM. In fact, after the AGM, there has been a huge decline in the market cap of Reliance. The company’s market cap closed at Rs 13 lakh 87 thousand 952 crore. Due to this fall, the investors of Reliance suffered a loss of about Rs 33522 crore today.
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