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Reliance aims to make consumer biz as big as its core energy operations

In May, Reliance announced that Jio posted its second straight quarterly net profit since its launch in September 2016


Reliance Industries Ltd aims to make its consumer businesses as big as its core energy operations, chairman Mukesh Ambani said in its annual report, as he seeks to reshape the industrial powerhouse. The company, primarily an oil and gas refining, marketing and petrochemicals conglomerate, counts telecoms, retail and media and entertainment as part of its consumer businesses that together contribute barely a tenth of total operating profit. However, buoyed by the success of Reliance’s fledgling telecoms start-up Jio, which turned a profit within a year of operation, Ambani ...

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First Published: Fri, June 08 2018. 17:09 IST