RIL 43rd AGM 2020: Here's what happened at last year's AGM

Reliance Industries Limited will host its 43rd Annual General Meeting on July 15. The company is expected to make a slew of announcements ranging from its flurry of investments in Jio Platforms, new products, more details on JioMart.

Reliance Jio would be the highlight of the event with new developments expected from the telco. There’s only a day to go for Reliance’s 43rd AGM, and while we speculate on what will be announced, let’s take a look at what happened last year.

The highlight of Reliance’s 42nd AGM was the announcement of Jio Fiber service. Jio’s mammoth of a broadband fiber service comes bundled with a 4K set-top-box, console gaming, video calling, AR and VR support. Jio Fiber starts at ₹699 per month and it offers up to 1 Gbps data speed.

Reliance also announced it will create the “world’s largest blockchain network”. It plans to use blockchain technology across industries and to off users data privacy. Reliance also said it is setting up a pan-India edge computing network.

Reliance Jio and Microsoft announced its partnership to accelerate digital transformation in India. Jio will set up data centers across India with Microsoft powering them with its Azure services. Microsoft CEO Satya Nadella also made a special announcement at the event.

Mukesh Amabani also announced Saudi Aramco will invest for a 20% stake in RIL’s O2C division. He added that Jio’s network is 5G ready and the telco is already offering 4G+ services to mobile users.

Jio was also expected to launch the Jio Phone 3 at the AGM event but there was no presence of the smart feature phone. Among products, a new Jio Phone could make its debut at the upcoming AGM.

The 43rd RIL AGM is scheduled to take place on July 15 at 2:00 pm. Jio has also launched a WhatsApp chatbot for users to send in their queries on the AGM.