The company has already lined up its new round of investment, around ₹3.5 lakh crore, to build the 5G ecosystem, four Giga factories for the solar energy business, and for ramping up retail and FMCG and petrochemicals businesses. However, its revenue rose 13.3% to ₹220,592 crore versus ₹191,271 crore in the corresponding period last year on continued growth in consumer businesses, higher realisation in O2C business, along with nearly 2x growth in the oil and gas segment. RIL had posted a profit of ₹15,792 crore for the quarter ending December 31, 2022, down 14.9% year-on-year (YoY). “Jio Platforms will help modernise all areas of business and industry, agriculture, the social sector, and governance.” It also plans to pilot two new innovative initiatives – Jio School and Jio AI Doctor – to bring top-class education and healthcare most affordably to villages and small towns across the state of UP. True to our word, we have invested ₹50,000 crore in UP."Īmbani said Reliance Jio will complete its rollout of 5G to cover every town and village in UP in 10 months from today. I had committed to Yogiji that Reliance will be a reliable partner. “When I last visited the summit in 2018, Reliance was just beginning its journey in UP. Reliance will continue to work for UP, said the businessman, adding that RIL has always backed its words with action. The divide between urban India and rural Bharat is also closing," said Ambani. Uttar Pradesh is a shining example of this. "Thanks to your (Prime Minister Narendra Modi's) far-sightedness, regional imbalances are fast disappearing. He said Reliance's investments in the state have generated 80,000 direct and indirect jobs so far. "The golden period of UP is getting started," said the tycoon. He said these new investments will create an additional over 1 lakh jobs in the state. Reliance Industries Ltd will invest ₹75,000 crore in the next four years in UP across telecom, retail and new energy businesses, Mukesh Ambani said during his UP Investor Summit 2023 speech in Lucknow today.
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