Reliance Industries Chairman Mukesh Ambani on Thursday addressed the shareholders at the RIL AGM 2024 and said Reliance is truly blessed to make humble but crucial contribution to India. He added that the all businesses continue to be key drivers of Indian economy. 

Mukesh Ambani said that the Reliance will be holding a board of directors meeting on September 5 to consider issuing bonus shares in the ratio of 1:1. 

Mukesh Ambani added that Reliance is looking to add 100 million home broadband customers on JioAirFiber, while targeting 20 million small and medium businesses, 1.5 million schools and colleges, and 70,000 hospitals.

He said, “Reliance is truly blessed to make humble but crucial contribution to India. All our businesses continue to be key drivers of Indian economy. We are not in the business of pursuing short term profit and hoarding wealth. We are in the business of providing highest quality products and services that improve ease of living for Indian consumers.

”Reliance Chairman Mukesh Ambani added that the Reliance spent over Rs 3,643 crore in FY24 towards R&D, taking total spend on research to over Rs 11,000 crore in the last four years alone.