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Business Standard
3 days ago
- Business
- Business Standard
JIO, Retail, O2C, New Energy: What analysts expect from RIL AGM on Aug. 29
At the AGM in 2024, Mukesh Ambani-controlled RIL guided for 2x growth in its business by 2030, with JIO and Retail envisaged to double over the next three-four years Puneet Wadhwa New Delhi Reliance Industries (RIL) is scheduled to hold its annual general meeting on Friday, August 29. There are expectations that the company will spell out details on its plans to double the overall business by 2030, roadmap for doubling of JIO and Retail business verticals in three–four years and game plan for the New Energy (NE) business vertical replicating earnings from the oil-to-chemicals (O2C) segment going ahead. At the AGM in 2024, Mukesh Ambani-controlled RIL guided for 2x growth in its business by 2030, with JIO and Retail envisaged to double over the next three–four years. Additionally, RIL had guided for a 'remarkable surge' in the NE business with prospective profitability potentially equalling current O2C profitability over the next five–seven years. Currently, O2C is RIL's largest profit base, contributing two–fifths of EBITDA at Rs 686 billion of the consolidated EBITDA of Rs 1654 billion in fiscal year 2024-25 (FY25), and more than half of attributable profit after tax (PAT) for the company. RIL's net debt, analysts believe, remains modest at Rs 1.18 trillion and keeps weighted average cost of capital (WACC) in check. At the bourses, meanwhile, the stock has been an outperformer, rallying nearly 14.5 per cent thus far in calendar year 2025 (CY25) as compared to 3.2 per cent rally in the BSE Oil & Gas index and a flat return by the BSE Sensex during this period, ACE Equity data shows. RIL Annual Report 2025 On Thursday, RIL had cautioned that geopolitical tensions and tariff-related uncertainty have injected volatility into global markets, curbed energy demand, and squeezed both prices and margins. READ ABOUT IT HERE Here's what analysts at Nuvama Institutional Equities expect from RIL's AGM on August 29 across business verticals. New Energy: An update on its fully integrated polysilicon-tomodule, electrolyser and battery manufacturing facility is expected. RIL targets to operationalise the NE platform in four–six quarters, and expects it to become self-funded over the next few years. "Progress on efficiency (over 30 per cent) improvement through next-generation Perovskite technology. Use of captive green power shall cut cost by 25 per cent and aid a 6.4 per cent rise in profit after tax (PAT)," wrote Jal Irani, Akshay Mane and Tanay Kotecha of Nuvama wrote in a recent report. PAT from the New Energy segment, Nuvama believes, shall increase from Rs 3 billion in FY26E to Rs 114 billion by FY30E, soaring at a 140 per cent CAGR over FY26–30E. NE share in PAT shall hence rise to 9 per cent by FY30E, the report said. RIL business forecast JIO and Retail: While the market awaits indication of timelines for Reliance's JIO and Retail IPOs, Nuvama believes that JIO and Retail, if listed separately, shall attract higher values, but may not have material impact on RIL shareholders as it may be offset by a holdco discount. That said, progress on doubling of JIO and Retail EBITDA in the next three–four years—as indicated at the last AGM—is keenly awaited, Nuvama said. "Upon streamlining, growth in its Retail business remains crucial for investors. An update on Jio Hotstar monetisation and FMCG expansion is awaited," the report said. O2C and E&P: O2C – Petchem capacity expansion—polyester (5mtpa), vinyl (3.9mtpa), carbon fibre (20ktpa)—by FY27, analysts said, remains a key variable to monitor as RIL's focus shifts to O2C. "E&P – RIL plans to drill additional wells by H2CY28E to enhance gas production and offset the natural decline at KG-D6 basin," the note said.
Indian Express
01-08-2025
- Politics
- Indian Express
How the transfer of an elephant in Kolhapur led to a boycott of Jio
On Friday, senior officials of Vantara, a state of the art Animal Rescue Center run by Reliance Industries and Reliance Foundation met the guardian minister of Kolhapur and Maharashtra's health minister Prakash Abitkar to discuss the possible return of the elephant Mahadevi/Madhuri. This comes even as the controversy over the elephant took the district by storm with people from the Shirol taluka even porting their JIO mobile connections. A look at the controversy and the possible way forward. The controversy arose when the animal rights NGO People for Ethical Treatment of Animals (PETA) moved in Bombay High Court seeking for rehabilitation of the elephant which was housed in the Jain Mutt in the village of Nandini in Shirol taluka of Kolhapur district. Nandini is seat of the centuries old Jain Mutt and also is the seat of the Bhattaraka Sri Jinasena Swamiji. Bhattarakhas are religious heads of Digambar Jain institutions and as per the mutt, they have had an elephant for the last 600 years. The elephant, the locals claimed, was a favourite and was essential for religious processions and rites of the Mutt. PETA in its petition has alleged that the elephant who has grown up in the Mutt required urgent treatment and medical care. In July this year the High Court had ordered the rehabilitation of the elephant in the Vantara Center in Gujarat. The Supreme Court had also upheld the decision of the Bombay High Court subsequently. However, the issue became emotive as former MP and farm leader Raju Shetti and others opposed the move. Shetti, who is from the Jain community had claimed the move was done without considering the emotions of the local community. On Wednesday, when the team from Vantara had come to transport Mahadevi/Madhuri from Shirol there was an outpour of grief within the locals, who refused to allow the vehicle to move. Videos surfaced of Bhattarakha Swamiji and others bidding a tearful adieu to the elephant, who was decked up in fineries. Soon, the anger of the locals was directed against the move and spilled over. A concentrated social media campaign was carried out against JIO- the mobile network provided by the Reliance Industries, with many porting out of their JIO connections. An enterprising service provider in Shirol had even had the bright idea to give people porting out of JIO a coffee mug with the picture of an elephant as a welcome gift. Given the public outrage, Abitkar had called a meeting of Vantara officials as well with the head of the Jain Mutt and other leaders in the area on Friday. While speaking to The Indian Express officials from Vantara said they have expressed their willingness to return the elephant provided the proper legal procedure is followed. Shetti, meanwhile, has called for a silent morcha to call for the return of the elephant. Abitkar, post the meeting had said 'We will take all necessary legal steps to facilitate the return of Madhuri.'
Time of India
16-05-2025
- Time of India
Two TSPC rebels arrested in Ranchi
1 2 Ranchi: Police arrested a sub-zonal commander and a member of banned extremist group Tritya Sammelan Prastuti Samiti (TSPC) during an operation in Gambharia forest in Ranchi district. DIG cum Ranchi SSP Chandan Kumar Sinha on Friday said that the arrested persons are sub-zonal commander Diwakar Ganjhu and member Akshay Ganjhu. "Two country-made pistols, six cartridges, TSPC pamphlets, five mobile phones, four JIO routers, three power banks and four mobile chargers have been seized from them," he said. He added, "Police received information that the gang led by Diwakar was present in Gamharia forest with the intent to commit violence. The group was also checking mobiles of passers-by and beating them. A team led by Khalari deputy SP Ram Narayan Choudhary surrounded the forest and held two members of the group while others managed to flee taking advantage of forest." He said that Diwakar was a member of TSPC for past 15 years and had become area commander in 2018. He used to demand extortion from contractors involved in implementing development works and owners of stone crushers and brick kilns in Ranchi, Ramgarh and Hazaribag districts.
