Reliance AGM 2021: Mukesh Ambani said that the performance was excellent even in the challenging environment. The company’s consolidated income stood at Rs 5.40 lakh crore in FY21.
Mukesh Ambani, chairman of Reliance Industries Limited
Mukesh Ambani, chairman of Reliance Industries Limited, addressed the company’s 44th AGM. Ambani welcomed all the shareholders at the 44th AGM. In his address, Mukesh Ambani said that despite the pandemic, the company performed well in FY21. Ambani said, despite the Corona epidemic, our business performance was better than expected. The employees of the company played an important role in this work. He thanked the frontline workers for this. Mukesh Ambani said that this is the second consecutive year when the AGM meeting is going virtual. I am missing the physical meeting.
RIL earned Rs 5.40 lakh crore in FY21
Ambani said that the performance was excellent even in the challenging environment. The company’s consolidated income stood at Rs 5.40 lakh crore in FY21. At the same time, in the financial year 2020-21, the net profit was Rs 53,739 crore. Gave opportunity for 75,000 new jobs. Retail shareholders earned 4x returns.
Jio’s conso income stood at Rs 86,493 crore in FY21. Reliance Retail’s income stood at Rs 1.53 lakh crore in FY21. Reliance Retail’s EBITDA stood at Rs 9,842 crore in FY21. Retail investors earned 4x returns. Jio is serving 425 million customers in the network.
RIL made the biggest payment of GST and VAT
Ambani told that RIL made the biggest payment of GST and VAT. He said, in FY21, RIL paid more than Rs 21,044 crore custom and excise duty. Apart from this, GST and VAT of Rs 85,306 crore were paid. Also, Rs 3,213 crore has been paid as service tax.
Reliance raises Rs 3.24 lakh crore
Reliance raised Rs 3.24 lakh crore in the financial year 2020-21. The company has raised money by selling stake in Jio. Jio stake has been sold to big investors like Facebook, Google, Intel, KKR.
Deal with Saudi Aramco expected to be final this year
Mukesh Ambani said, this year the deal with Saudi Aramco is expected to be finalized. Ambani announced the induction of Chairman of Saudi Aramco and Yasir Al-Rumayen, governor of Kingdom’s wealth fund Public Investment Fund, on the board of Reliance Industries.
“I am sure we will benefit immensely from his rich experience with one of the world’s largest companies and one of the world’s largest sovereign wealth funds,” Ambani said. His joining our board is also the beginning of the internationalization of Reliance. You will hear more about our international plans in the future.
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