Reliance Industries (RIL), chairman, Mukesh Ambani said RIL business performance has performed better than expected. He said this while speaking at 44th annual general meeting (AGM) virtually.
He said, "Our business performance and financial success exceeded our expectations."
"Even in a challenging environment, your company's performance was outstanding." Fifty percent of EBITDA came from consumer business, Ambani stated.
The company raised around Rs 3,24, 432 crore in FY 2021 through various instruments.
"I feel both proud and humbled to share with you that throughout the COVID crisis, our Reliance Family has risen to the occasion with a sense of purpose and national duty," he said.
"Our entire organisation has become energised with the spirit of service. Every single employee has participated directly or indirectly in the fight against COVID and became a Goodwill Ambassador of Reliance."
He noted that the company's efforts in the past one year "would have made our Founding Chairman, Dhirubhai Ambani, proud."
Further addressing the shareholders, Reliance Foundation Chairperson Nita Ambani outlined the steps taken by the foundation amid the pandemic. She said the Foundation's top priority was COVID-19 relief. "We are committed to our vision for education and sports for all."
Talking about 'the dream project' – Jio Institute, Nita Ambani added, "Despite the pandemic, I am pleased to announce that Jio Institute is all set to commence academic sessions at their campus in Navi Mumbai this year itself."
Reliance is vaccinating its former employees and partner company employees as well for free."We are vaccinating 20 lakh of our extended family...," added Nita Ambani. It set up 119 vaccination centres across 109 cities across the country.
