Reliance Industries Limited discussed its future sustainability goals, the emphasis on Giga plants, and plans to produce green hydrogen in its annual report for FY 23.
Reliance Industries Limited, one of the biggest m-cap businesses in India, anticipates that the proposal to list Jio Financial Services on the public market will proceed. A corporate shareholder resolution states that, in addition to its expansion goals, the corporation wants to hire Mukesh Ambani as chief executive for a further five years at no salary.
An Overview Of Reliance Industries Limited’s (RIL) Annual Report For FY23 Is Provided Below:
1) On August 28, 2023, the organization will have its eagerly anticipated 46th Annual General Meeting (AGM). A significant announcement about Jio Financial Services’ planned public IPO is also anticipated.
2) The fiscal year FY23 for Reliance Industries Limited was devoted to renewable energy. RIL produced its first ever environmentally friendly hydrogen during the aforementioned fiscal year by burning torrefied biomass in gassifiers.
3) By 2026, the company also wants to increase the efficiency of its heterojunction technology (HJT) modules.
4) The company’s goal to increase the lifespan of PV modules from 25 to 50 years is another noteworthy aspect of the report.
5) In FY23, Reliance Retail exceeded 1 billion transactions. 3,300 additional outlets were added to the company’s network of retail locations over the preceding fiscal year. 18,040 stores were included in the total count for all of India. The company’s retail division saw a 50% rise in both foot traffic and shop area.
6) In FY23, Reliance Jio’s 5G coverage in India also increased. More than 2,300 cities and towns were added. During the year, the rollout of FTTH services also picked up speed.
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