Mukesh Ambani unveils Reliance 5-point plan to more-than-double EBITDA
Mukesh Ambani just shared Reliance Industries's new five-point growth strategy at its 49th annual general meeting.
The goal? More than doubling consolidated EBITDA in five years and making the company's earnings more stable by diversifying where the money comes from.
A Jio IPO is "imminent," which should open up fresh opportunities for investors and boost shareholder value.
Reliance targets green-tech, FMCG, $125B-$150B exports
Ambani's roadmap includes turning crude oil into greener materials like carbon fiber, ramping up solar and battery tech for cheaper green energy, and building a strong hydrogen ecosystem.
Reliance also wants to be India's top FMCG company (and go global), plus become a major export hub, targeting $125 billion to $150 billion in exports by 2032.
AI is on its radar too, with full rollout expected in two years.