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Reliance Industries Limited (RIL), India’s most valuable company, held its highly anticipated 48th Annual General Meeting (AGM) on August 29, 2025. With nearly 44 lakh shareholders attending both virtually and actively following the event, Chairman and Managing Director Mukesh Ambani delivered important announcements that set the tone for RIL’s business trajectory over the coming years. The AGM reaffirmed Reliance’s unparalleled position in India’s economy while outlining bold plans for digital expansion, retail transformation, sustainability through new energy, and pioneering use of artificial intelligence (AI).
Key Highlights from the Reliance Industries AGM 2025
Record-breaking Financial Performance
Reliance Industries crossed the milestone of $125 billion in consolidated annual revenues in FY25, posting ₹10,71,174 crore. Despite multiple global challenges, RIL reported EBITDA of ₹1,83,422 crore and net profits reaching ₹81,309 crore. The company’s exports contributed ₹2,83,719 crore to India’s merchandise exports, underlining its global footprint. Over the past three years, cumulative investments totaled a massive ₹5.6 lakh crore, supporting its aggressive growth agenda.
Reliance also remained India’s largest contributor to the national exchequer, paying ₹2,10,269 crore in the fiscal year. Corporate social responsibility (CSR) spending rose substantially to ₹2,156 crore, reinforcing the company’s commitment to social impact.
Jio IPO Timetable and Telecom Expansion
Mukesh Ambani announced the long-awaited initial public offering (IPO) of Reliance Jio Platforms, slated for the first half of 2026. Jio’s customer base has impressively crossed 500 million, and with mid-teen percentage growth and increasing cash flows, the IPO is expected to be one of the largest on Dalal Street. Jio is also focused on building ‘JioBrain’, a comprehensive AI service platform aimed at revolutionizing consumer and enterprise digital services. Expansions in homegrown 5G technology and JioAirFiber broadband services were also highlighted.
Retail Business Growth and IPO Plans
Reliance Retail remains a national movement, growing its gross revenue by 8% to ₹3,30,943 crore and delivering strong EBITDA growth. While the retail IPO is expected in a longer timeframe of 2-3 years, it continues to benefit from scaling online business and expanding its consumer brands portfolio, pointing towards sustained growth and value unlocking.
New Energy and Sustainability Initiatives
Described as the “new jewel in Reliance’s crown,” the new energy business aims to mirror the scale and profitability of the oil-to-chemicals (O2C) segment within 5–7 years. RIL is building a fully integrated clean energy ecosystem spanning solar PV modules, batteries, green hydrogen, and electrolysers. A key milestone is the commencement of the first gigawatt-plus scale solar PV module line, with engineering and procurement activities progressing for large-scale gigafactories. Expected cost reductions of about 25% through captive renewable power and technological advancements such as perovskite solar cells were detailed, with commissioning expected in the next four to six quarters.
Deep Tech and AI Integration
Reliance will aggressively pursue AI as a new growth engine, embedding it across sectors including telecom, retail, energy, and healthcare. The company envisions India leading the AI revolution globally, leveraging its scale, tech talent, and entrepreneurial spirit. The launch of the ‘Reliance Intelligence’ subsidiary underlines this strategic focus on AI and deep tech solutions.
Petrochemicals and Oil-to-Chemicals Expansion
The O2C segment, which remains Reliance’s biggest profit contributor, is set to expand capacity significantly by FY27. Plans include adding 5 million tonnes per annum (mtpa) in polyester, 3.9 mtpa in vinyl, and 20 thousand tonnes per annum (ktpa) in carbon fiber. Exploration and production efforts continue with new wells planned in the KG-D6 gas basin by late 2028 to sustain gas output.
India’s Growth and Geopolitical Outlook
Ambani emphasized India’s unstoppable economic rise, ranking among the top four global economies. He advocated for India’s unique “India First” model built on deep technology for business security, environmental sustainability, and societal benefit under the current government’s leadership.
Dividend and Shareholder Returns
The AGM confirmed dividend payments for FY 2024-25, reinforcing shareholder value commitment. The record date for dividends was August 14, 2025, with payouts expected shortly after the AGM.
The 2025 Reliance AGM thus painted a comprehensive picture of the company’s multi-pronged growth strategy: capitalizing on the booming digital and retail sectors, leading a green energy revolution, pioneering AI innovation, and expanding core petrochemical operations. With strategic IPOs on the horizon and continued investment in new technologies, Reliance Industries remains positioned at the forefront of India’s economic transformation.
Source: Moneycontrol, The Economic Times, CNBC-TV18, News18, Angel One