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#MukeshAmbani's over 140 minute presentation at #relianceagm2024 in a nutshell

(🚨Pre -AGM 1:1 bonus proposal announced)

👩🏽‍🏭Employment (no mention of job cuts)
🧠AI
🧠AI
🧠AI
🧠More AI - Jio Brain platform
💥Diwali offer for free cloud storage

🚸Ambani heir Akash Ambani takes over presentation
📺Jio TV +++++++++zzzzzzzzzzzzz...
😳More and more AI
🤳🏽Jio media and entertainment dominates news and entertainment media industry

🛒Reliance Retail, challenging business, presented by a confident Isha Ambani (2/3rds of new stores in small towns where Reliance is likely the first modern retailer) (plan to double retail business in 3-4 years)

🛢️⛽️Now back to MDA and traditional energy business - KG basin at peak output
🥇Hmmm, MDA said the oil-chemicals business is "our largest growth business". Old is gold.
🧵Reliance is now largest producer of specialty fibres

🟢In green energy - reiteration of bio-energy focus, R&D + to start production of solar PV modules by year-end + to complete first phase of integrated solar facilities
🔋Begun construction of 30 GW storage battery-manufacturing facility + to integrate backwards into cells
🟩Multi-gigawatt electrolyzer factory to be ready by 2026
🔌New Kutch power facility with potential to generate 150 bn units of green electricity (10% of India's energy environment) + transmission infrastructure
(Adani project closeby🥊)

💰💰Ambani says in 5-7 years the new energy business will deliver earning capacity of decades-old O2C business.

👩🏽‍🎓🏋🏽‍♀️🥻Nita Ambani on Reliance Foundation's emphasis on sports and education, art and culture development in India.

💍Ummm, the Anant-Radhika wedding also found mention.

🛣️MDA is back with a value-creation roadmap
- 3 of 5 businesses (O2C, Retail, Jio, media, Green Energy) have a valuation of over $100 billion each
- Jio and Retail to double EBIDTA in 3-4 years

NO MENTION OF JIO, RETAIL IPOs. NO FURTHER DETAILS ON SHEIN PARTNERSHIP. NO NEWS ON JIO FINANCIAL SERVICES.

PS: Everything is giga, automated, scalable and powered by AI and deep-tech R&D
Credits: menakadoshi