Riliance Industries Limited (RIL) is undergoing a significant transformation, guiding itself in a future led by deep technology while approaching its 50th anniversary. In a letter to shareholders, as shared in the annual report of the company, President and CEO Mukesh Ambani said that the company is embracing quick global changes by remodeling its core activities with cutting -edge technology.
At the center of this transition there are four identified growth engines: retail sale, digital services, media and entertainment and new energy.
“Each of these platforms is before technology, led by innovation and positioned to stop industries, while offering enormous value to Indian consumers and the global market,” said Ambani.
“In each business-toasive to entertainment, from retail to detail to digital-stasti services integrating the next generation technologies,” he added. “Over 1,000 of our internal scientists are conducting cutting -edge research in areas such as AI, renewable energy, advanced materials and digital platforms.”Ambani described the turn not as a challenge but as an opportunity for dependence to be evolved with the times. “The world is changing at the speed of interruption – Removeded by digital interruptions, global shifts and technological discoveries. In Riliance, we see it not as a challenge but as an opportunity.”
He said that the company is now being proved to be its production infrastructures to support the ambition of India to become a global production power. “Our manufacturing infrastructure is a proof of the future to support the suction of India to become a global production power. This evolution reflects the journey of our great nation.”
He also linked the transformation of Riliance to the wider development agenda in India during what called Amrit Kaal. “India is giving shape to the future. This is the moment of India. And Riliance is proud to walk with the shoulder shoulder with the nation-nomine partner engaged, a responsible value-creator and an activator based on inclusive growth technology.”
Despite the global economic uncertainty, Riliace has reported strong financials for the tax year. The consolidated revenues went up to £ 10.71 Lakh Crore, up 7.1% on an annual basis. The Ebitda was at £ 1.83 Lakh Crore and the net profit was 81.309 cror of £ 81.309, both growing by 2.9%.
The RIL actions were exchanged at RS 1380.20 each on the BSE, down 0.92 percent on Thursday.
Ambani indicated the company’s diversified model and the disciplined execution. “Also in the midst of external volatility, Riliance has delivered a year of solid and balanced growth,” he said.
