IPOs, 5G, new energy, dividends: what Mukesh Ambani has to say at RIL’s 2022 AGM | Panda Anku

IPOs, 5G, new energy, dividends: what Mukesh Ambani has to say at RIL’s 2022 AGM

IPO (IPO): The 45th Annual General Meeting (AGM) of Mukesh Ambani’s Reliance Industries Limited (RIL) will be held virtually on August 29, 2022. A video conference will be used for the meeting from 2:00 p.m. to 3:00 p.m. According to the oil-to-telecom conglomerate. Also noted in the BSE filing, the company will send its annual report for the fiscal year 22, a notice of the annual general meeting, the audited separate financial statements and the consolidated financial statements for the fiscal year 22, a report of the board of directors, a report of the auditors and other documents to the Society members electronically. Oil-to-Chemical (O2C), an IPO for telecom and retail sectors, and advances in New Energy are likely to be announced.

RIL’s stock has performed differently over the past five years on the day of the company’s annual general meeting. In 2021, RIL share price closed at Rs 2,153.50 per share down 2.4% year-on-year. RIL’s share price fell 3.8% on the day of the 2020 AGM, while the following day the share price rose 9.72 percent due to Bakri-id in 2019. RIL’s share price has fallen nearly 1% in five days. Since April this year, the stock has fallen 12 percent from a record high of Rs.2,855 per share. On Friday, RIL shares closed at Rs 2,533.95 a share, up 1.6 percent.

RIL dividend announcement

August 19, 2022 has been set as the cut-off date for the FY22 split, which is expected to be announced at the RIL AGM. In a filing, the company said it would pay out the dividend within a week of the AGM. In a filing with the stock exchange, Reliance Industries said it would remove the list of voting members and attend its August 22 annual meeting. Over the next 12 months, Reliance Industries expects to expand its investments in green energy. In its annual report for 2021-22, the company reports that this new growth engine will outperform all of its existing growth engines within 5-7 years.

According to JP Morgan, RIL’s AGM is expected to be a busy AGM. This year (like the previous 3) will focus on announcing the consumer IPO schedules ahead of the AGM. Even though media reports (BL) have mentioned IPOs by consumer companies (Jio, Retail), we do not expect a specific timetable from this year’s AGM. According to Ravi Singh, VP & Head of Research at Share India Securities, the AGM may also see a split of the company’s retail and telecom businesses from the oil-to-chemicals business and separate IPOs for the two businesses.

According to Aamar Deo Singh, Head Advisory, Angel One, it would be interesting to know if there is a concrete roadmap for the planned Jio and Retail IPOs.

Ril HV 2022: Retail & Jio Ipos, new energy, 5G telecom plans, dividend;  what to expect from mukesh ambani |  the financial express

RIL New Energy

India’s pursuit of clean energy will experience a seismic shift as RIL invests Rs 75000 cr in 4 giga factories over the next three years. According to Bernstein, RIL’s integrated solar capacity will cost US$3.6 billion or Rs.269 billion per GW by mid-decade, at a unit cost of US$121 million. A unit cost of $100M/GWh implies a construction cost of $3.5B (net to the company) by mid-decade. As there are currently no fuel cell sales in India, Bernstein has assumed $1,369/kW for FY26 ASP based on global ASPs for stationary power and truck electric vehicles.

Jio feat is repeated by Ambani! The next green energy disruption

RIL’s Mukesh Ambani said the green ecosystem would improve its economy by leveraging the company’s “world-class execution capabilities and debt-free balance sheet.”

Aside from making a big bet on green energy, Reliance Industries is expected to become a disruptor. The strategy is likely influenced by Jios. Earlier this year, Mukesh Ambani predicted that India would be the world’s largest green energy market within the next decade.

We will have the world’s cheapest green energy within this decade, just as India has the world’s cheapest wireless broadband today. It will help other countries reduce carbon emissions by exporting these solutions,” he said, referring to Jio’s achievement.

According to Ambani, RIL aims to improve the economics of the green ecosystem to compete directly with fossil fuels by leveraging its “world-class execution capabilities” and debt-free balance sheet. A cost-effective ecosystem cannot be built by operating in just one segment of the green energy value chain. From solar energy generation to green hydrogen production, distribution and consumption, Reliance intends to enable the entire eco-energy ecosystem across India,” he said.

ag: ril is holding the 45th ag on august 29, here are the most important things that will be in focus – the economic times

Reliance New Energy Council was formed with global thinkers, announced a CAPEX of $10 billion over three years and partnered with companies such as Ambri in the US and Faradion in the UK. Lithium Werks in the Netherlands was formed for energy storage, investments in Germany’s NexWafe, the acquisition of promoters in REC Solar, the world’s leading solar panel manufacturer, and the assets of Sterling & Wilson Renewable Energy accounted for a 40% interest. In addition, Stiesdal A/S and Chart Industries have formed a commercial alliance to commercialize hydrogen technology and the India H2 Alliance was recently formed to commercialize next generation electrolysers.

Work on the four gigafactories has also started in the Dhirubhai Ambani Green Energy Giga Complex.

As our country becomes ‘Atma Nirbhar’ in terms of our energy needs, greater affordability and competitive costs will ensure mass adoption of green energy solutions,” he said.

SUSTAINABLE PLANET

Its annual report states that the company plans to create a more sustainable, healthier and happier world through affordable and clean energy options.

The R&D team has operated a large pilot plant near Jamnagar that converts sunlight, CO2 and seawater into renewable bio-crude oil. More than four years have passed without failures in the ponds. Other organizations have failed to cultivate algae without crashes. To combat climate change, Reliance has developed all the technologies needed to turn CO2 into useful products.

ril general meeting full text: full text: mukesh ambani's speech at the 42nd ril general meeting - the economic times

As part of its gasification technology, RIL also developed a catalytic gasification process to convert carbonaceous feedstocks into hydrogen and syngas, such as petroleum coke, coal and biomass. According to the report, hydrogen and syngas can be produced from Indian high-ash coal and agricultural residues using the novel catalytic process.

edited and proofread by Nikita Sharma

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