RIL's investment plans laid out at 44th AGM don't seem excessive

RIL has raised over Rs 3.25 trn in the past fiscal alone so it will be able to fund its New Energy plans even though it is cash flow negative

Mukesh Ambani announced a thrust into green energy, and the launch of a new affordable smartphone at the 44th annual general meeting (AGM) of Reliance Industries. He also inducted the Saudi Aramco and PIF boss, Yasir Al-Rumayyan, on the board. There was more good news in that the partnership with BP is producing gas from KG-D6 basin. Aside from that, RIL will continue to expand its retail footprint and Jio Platforms will continue its push into 5G.

The oil-to-chemical (O2C) division receives a big 'moral' boost from the induction of a Saudi Aramco representative since this indicates concrete developments in the