Reliance 45th AGM: Reliance Set To Launch Own FMCG Business: Isha Ambani

Reliance Retail business Head Isha Ambani, at the 45th Reliance Annual General Meeting, announces that RIL is going to launch its own FMCG business. Additionally, Ambani mentioned that the group's retail business increased by 2.3 times over the past year. RIL's new commerce initiatives ticked 20 lakh merchant partners, and RIL is on course to partner with 1 crore merchants.

Reliance will also build a wider liaison with the Indian MSMEs for a better supply chain, Mukesh Ambani mentioned today. RIL's retail business also boomed the country's employment with 1,50,000 new employment generation this year, and with total 3,60,000 employment in its retail arm.

RIL's share price stood at Rs. 2,598.90/ share, till 3.10 pm today.
Reliance Industries Ltd. (RIL) has evolved from a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. Their expertise lies in developing products and markets from 'concept to fruition' and beyond. Their operations span from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals, synthetic textiles and fabrics. RIL, India's biggest Oil to Chemical (OTC) company has a market capitalization of around Rs. 1,777,437 crore.