Photo Gallery: RIL 42nd Annual General Meeting

Reliance Industries Ltd Chairman Mukesh Ambani on Monday said Saudi Aramco will invest 75 billion dollars in the conglomerate and have 20 percent stake in its oil to chemicals (O2C) business. Addressing the 42nd annual general meeting (AGM), Ambani said that is the biggest foreign investment for Reliance and one of the largest for India. The Partnership with Saudi Aramco will cover RIL's Refining and Petrochemicals assets, including 51 percent of the Petroleum Retail JV. Ambani also announced details regarding the commercial launch of Jio Fiber broadband service, tariffs and welcome offer.

At the AGM, Ambani said that he fully endorses Prime Minister Narendra Modi's goal of making India a five trillion dollar economy by 2024. He said that he infact sees India becoming a 10 trillion dollar economy by 2030. He added that slowdown in some sectors of the economy is temporary. India`s fundamentals are very strong. Ambani added that India is getting transformed into New India, Reliance will also transform itself into New Reliance.

Kokilaben D Ambani, Nita M Ambani (Founder & Chairperson, Reliance Foundation) and Mukesh D Ambani (Chairman & Managing Director, Reliance Industries Ltd.) at the 42nd Annual General Meeting of Reliance Industries Limited held today in Mumbai.

Shloka Ambani and Akash M Ambani (Director, Reliance Jio Infocomm Ltd.) at the 42nd Annual General Meeting of Reliance Industries Limited held today in Mumbai.  

Anant Ambani at the 42nd Annual General Meeting of Reliance Industries Limited held today in Mumbai