Particle.news

Download on the App Store

Reliance’s 48th AGM Today: Investors Seek IPO Signals and Strategy Update

The virtual meeting follows a strong quarter under heightened US scrutiny of discounted Russian oil purchases.

Overview

  • The AGM starts at 2:00 pm IST on August 29 and will stream on JioEvents, YouTube and other official Reliance channels.
  • Brokerages expect guidance on potential listing timelines for Jio Platforms and Reliance Retail, which they view as major value unlocks.
  • Updates are anticipated on AI and digital plans, including home connectivity goals via Fiber and AirFiber, along with progress on a full‑stack clean‑energy buildout spanning solar, batteries, electrolysers and green hydrogen.
  • Reliance’s oil‑to‑chemicals business remains a key earnings engine as investors watch for progress on petrochemicals capacity additions and E&P, including polyester, vinyl and carbon‑fibre projects and further KG‑D6 drilling.
  • The meeting follows the US move to double tariffs tied to discounted Russian crude; a person familiar says Mukesh Ambani may avoid Russia in his remarks, and Reliance recently bought 2 million barrels of US crude for October loading.