Companies
Reliance AGM 2024 Highlights: Mukesh Ambani announces 26% efficient bifacial solar panels, 30 GWh battery facility by 2024
Reliance 47th Annual General Meeting Highlights, RIL AGM 2024 Updates: Reliance Industries is shifting towards becoming a deep tech company, as Chairman Mukesh Ambani highlighted during the 47th Annual General Meeting. Emphasizing artificial intelligence as a transformative force, Ambani detailed RIL’s tech-driven evolution to enhance growth and value. The company is embedding advanced technologies across its businesses, developing in-house innovations, and building an AI-native digital infrastructure. RIL’s R&D expenditure exceeded ₹3,643 crore in FY24, with over ₹11,000 crore spent in the last four years. It has more than 1,000 scientists working on critical projects, leading to over 2,555 patents filed, including in 5G, AI, and green energy. Ambani expressed confidence in RIL’s potential to rank among the world’s top 30 companies. Additionally, the Board will meet on September 5, 2024, to consider a 1:1 bonus issue for shareholders, potentially doubling their shares without additional cost by capitalizing the company’s reserves.
