We Care - The Mantra that Energises New Reliance

																									
[Music] Visuals :Slide 1 - Reliance showcased its various businesses. Visuals:Slide 2 - Dhirubhai Ambani is shown in the background to represent the foundation, while Mukesh Ambani standing at the podium with folded hands, along with the Reliance symbol signifies the continuation and growth of his vision Visuals:Slide 3 - Mukesh Ambani addressing shareholders at the podium during Reliance’s 44th AGM. [Mukesh]:My dear Share holders, ladies and gentlemen, good afternoon. It is 2 PM and time to start the meeting. I welcome all of you to the 44th annual general meeting of the company. This meeting is held through video conferencing because of the prevailing situation. This is in compliance with the circulars issued by the Ministry of Corporate Affairs, Government of India and the Securities and Exchange Board of India. The company has taken all feasible steps to ensure that the shareholders are provided an opportunity to participate in the annual general meeting and vote. Adequate video conferencing facility and live webcast of the proceedings of this meeting have also been provided. The requisite quorum is present and therefore I call the meeting to order. The register of directors and the key managerial personnel and their shareholding and the register of contracts or arrangements in which directors are interested are available. This will remain accessible to the members for inspection electronically if they so desire. I wish to introduce for the benefit of new members, my colleagues on the board of the company. Visuals:Slide 4 – Mukesh Ambani speaking at the podium, addressing new members, featuring a photo of Shri Vai P. Trivedi, and the board colleagues of the company. [Mukesh]:Shri Vai P. Trivedi. Visuals:Slide 5 – Mukesh Ambani speaking at the podium, addressing new members, featuring a photo of Dr. R. A. Mashelkar, and the board colleagues of the company. [Mukesh]:Dr. R. A. Mashelkar Visuals:Slide 6 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Professor Dipak Jain and board colleagues of the company. [Mukesh]:Professor Dipak Jain. Visuals:Slide 7 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Sri ADil Zainulbhai. and board colleagues of the company. [Mukesh]: Sri ADil Zainulbhai. Visuals:Slide 8 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Shri R. S. Gujral and board colleagues of the company. [Mukesh]:Shri R. S. Gujral Visuals:Slide 9 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of shows Dr. Shumet Banerji and board colleagues of the company. [Mukesh]:Dr. Shumet Banerji. Visuals:Slide 10 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Shrimati Arundhati Bhattacharya and board colleagues of the company. [Mukesh]:Shrimati Arundhati Bhattacharya. Visuals:Slide 11 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Sri K. V. Chowdary and board colleagues of the company. [Mukesh]: Sri K. V. Chowdary Visuals:Slide 12 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Shrimati Nita Ambani and board colleagues of the company. [Mukesh]:Shrimati Nita Ambani. Visuals:Slide 13– Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Shri Nikhil Meswani and board colleagues of the company. [Mukesh]:Shri Nikhil Meswani. Visuals:Slide 14 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Shri Hital Meswani and board colleagues of the company. [Mukesh]:Shri Hital Meswani. Visuals:Slide 15 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Shri P. M. S. Prasa and board colleagues of the company. [Mukesh]:Shri P. M. S. Prasad. Visuals:Slide 16 – Mukesh Ambani speaking at the podium, addressing new members featuring a photo of Sri P. K. Kapil and board colleagues of the company. [Mukesh]:Sri P. K. Kapil All the directors of the company are present at this meeting. Shri Alok Visuals: Slide 17- shows board members and new members joining via video conferencing, acknowledging their presence at the meeting. [Mukesh]:Agarwal and V Srikanth CFOs. K. Sethuraman and Savithri Parekh Company secretaries and the representatives of our statutory auditors and secretarial auditor are also present at this meeting. Visuals: Slide 18 - Mukesh Ambani addressing shareholders at the podium during Reliance’s 44th AGM. [Mukesh]: Ladies and gentlemen, notice dated 27 May 2021, convening this annual general meeting and a copy of the annual report for the financial year ended March 31 2021. Have already been circulated to the members of the company electronically. With your permission, I shall take them as read. The auditors report on the stand-alone and the consolidated financial statements and the secretarial auditor report of the company for the financial year ended March 31 2021. Do not contain any qualification, reservation, adverse remark or disclaimer. Accordingly, the reports are not required to be read out as provided in the companies Act 2030. Now, I will begin my formal address to all of you, my dear shareholders. My dear shareholders, a very warm welcome to each and every one of you. It gives me great pleasure to greet you all at the 44th annual general meeting of Reliance Industries Limited. It is the second year in a row that I missed the intimacy and the warmth of face to face interaction with you because of the COVID pandemic. However, the virtual format has enabled Visuals:Slide 19 - A large stage with a blue background, where Mukesh Ambani is standing at a white podium. The background screen displays the text: "Several lakh shareholders participating from home." [Mukesh]: several acts of our shareholders to participate in this AGM from the safety of their homes. Friends, we are in the midst of a humanitarian crisis. Its scale, severity and geographical spread are unseen in a century. It has filled the hearts of all Indians with enormous pain and grief. Several of our employees and shareholders have borne the brunt of this pandemic. Within our one large Reliance family, the suffering of any member becomes the suffering of all of us. Today, Nita, I and my colleagues Visuals:Slide 20 - Mukesh Ambani at a podium on a large, round stage with blue and brown tones. Behind him is a large blue screen with the following text: "Heartfelt condolences to those in the Reliance Family who have lost their loved ones." [Mukesh]: on the board offer our heartfelt condolences to all those in our Reliance family who have lost their loved ones to this pandemic. I now request Visuals:Slide 21- Mukesh Ambani is standing at a podium on a large stage and a modern blue-lit background. On the large screen behind him, there is an image of a candle flame and the words: "A minute of silence in memory of all departed souls Om Shanti". [Mukesh]: that all of us observe a minute of silence in the memory of the departed souls. Visuals: Slide 22- A single clay oil lamp with a burning flame, placed on a surface in the dark. On the left side of the image, white text reads: "A minute of silence in memory of all departed souls Om Shanti". [Song] Visuals: Slide 23- Mukesh Ambani is standing behind a podium, speaking in front of a solid blue background. [Mukesh]: Om Shanti, esteemed shareholders, the company's accounts for the year ended 31st March 2021 have already been circulated to you. With your permission, I would like to take them as read. Our business performance and financial success since the last AGM have exceeded our expectations despite the pandemic. But I shall come to that later in my address. What has given me far greater happiness than our business performance is Reliance's humanitarian efforts during these exceedingly difficult times. I feel both proud and humbled to share with you that throughout the COVID crisis, our Reliance family has risen to the occasion with a sense of purpose and national duty. Visuals: Slide 24- Mukesh Ambani standing at a podium on a stage with a blue background. On the large blue screen behind him, white text reads: "Reliance Family energised with a spirit of service." Our entire organization has become energized with the spirit of service. Visuals: Slide 25- Mukesh Ambani standing at a podium, delivering a speech. The background screen is bright blue and displays the text: "Every single employee fought against COVID." [Mukesh]:Every single employee has participated directly or indirectly in the fight against COVID Visuals:Slide 26- Mukesh Ambani standing behind a white podium on a stage. Behind him is a large blue screen with the words "Goodwill Ambassadors of Reliance" displayed [Mukesh]: and become a goodwill ambassador of Reliance. Visuals: Slide 27- Mukesh Ambani standing at a podium, delivering a speech. [Mukesh]: I am sure our efforts of the last one year would have made the founding chairman Shri Dhirubhai Ambani proud Visuals: Slide 28- Mukesh Ambani standing at a podium, delivering a speech and has a blue background with an image of two hands gently holding each other. The text at the top reads "A spirit of Care & Empathy." [Mukesh]: because the one common unifying thread that runs through everything we have ever done at Reliance is the spirit of care and empathy.We care for our employees and their families. Visuals:Slide 29- Mukesh Ambani standing at a podium, delivering a speech and blue background displays the heading "We Care" in large letters. Beneath this heading, several important points are listed in white text: our employees and their families, our customers, shareholders and partners, the country and the community, and the planet and the people. [Mukesh]: We care for our customers, our shareholders and our partners. We care for the country and the community. We care for the planet and the people. This is what the true Reliance spirit was, is and will always be. I now invite Isha Akash and Nita to tell us about our COVID missions of Reliance and the wonderful work done by all our colleagues. [Applause] Visuals :Slide 30 - Audience and reliance members appear to be clapping their hands. [Music] Visuals: Slide 31- shows Isha Ambani and Akash Ambani in formal wear standing against a blue background, presenting together. [Isha]: Good afternoon everyone.I am Isha Ambani. [Akash]: And I am Akash Ambani. [Isha]:Last year, we were hopeful that by this time this year the pandemic would be behind us and yet this is the second time that we are meeting virtually. These have no doubt been very difficult times. Visuals:Slide 32 - Two speakers Isha Ambani and Akash Ambani standing at a podium in front of a large blue digital screen. The screen displays images and the text: "We have come together as a country, as a society and as one Reliance Family." [Isha]:But we have come together as a country, as a society and as one Reliance family to rise above them. Visuals:Slide 33 - Two speakers Isha Ambani and Akash Ambani standing at a podium. There are two inset images in the background: the left shows people in medical or hospital settings, and the right shows people with a “Reliance Foundation” sign.Text on the video reads: "Every person in our Reliance family went out of their way to help one another." [Akash]: Despite the challenges we have faced when we look back at the year we feel humbled and inspired that each and every person In our Reliance family went out of their way to help one another, much beyond the call of duty. [Isha]: And we know that our grandfather was with us today. He would be proud. This is the Reliance. He always wanted to see. One, where each person did their very best to help those in need and to be of service to our communities and our country. Visuals:Slide 34 - Isha Ambani and Akash Ambani standing at a podium standing on a stage with a podium, delivering a presentation. Behind them is a large blue screen with gold text that reads: "Many of our Reliance Family members have fought this battle from the frontlines." Underneath, it lists: "Retail store workers," "Telecom engineers," "Doctors," "Nurses," "Hospital staff." [Isha]:Many of our Reliance family members have fought this battle from the front lines. Our retail store workers, telecom engineers, doctors, nurses, hospital staff. We have the deepest gratitude and highest admiration for each and every one of them. Visuals:Slide 35 - Two speakers Isha Ambani and Akash Ambani standing at a podium.The slide behind them is titled "Reliance Family Ensures" and lists three points: our nation’s fuel supplies are intact, digital connectivity is unaffected, and daily essential needs of millions are met safely. [Akash]: They ensure our nation's fuel supplies are intact.Digital connectivity is unaffected and daily ascension needs are millions of people are made safely. Visuals:Slide 36 - showing Two speakers Isha Ambani and Akash Ambani standing at a podium. with a blue background. The text on the screen says, "Indebted to the Reliance Family." [Akash]: We are indebted to them for their service to our country, for their service to humanity. Visuals: Slide 37 - Two speakers Isha Ambani and Akash Ambani standing at a podium. The screen behind them displays the text “Our salute to Reliance Heroes” with two images on either side showing people working in snowy conditions. [Isha]: And I'd like to share with you a couple of stories to highlight what some of our colleagues have done in this time. One of our jio engineers, Mr. Davais, tracked 12 kilometers at 13,000 feet altitude in 10 feet of snow. Can you imagine? So a totally non-motorable road to restore digital connectivity in the Spity Valley. Visuals: Slide 38 - Two speakers Isha Ambani and Akash Ambani standing at a podium.The screen displays two images: on the left, a fallen tree blocking a road; on the right, vehicles moving through a flooded street. Between the images, there is text saying "Our salute to Reliance Heroes." [Akash]: When the cyclone hit Mumbai earlier this year, some of our jio and retail stores faced indefinite power cuts. Our store manager, Rupesh and so many others kept the store's running minimum power consumption to ensure uninterrupted supplies to their customers. [Isha]:And many of our very own frontline warriors contracted COVID themselves in the course of their duty. But their selfless Visuals:Slide 39 - Mukesh and Nita Ambani are appearing in the session. Visuals:Slide 40 - Two speakers Isha Ambani and Akash Ambani standing at a podium and honors "Reliance Heroes" with a blue background. On the left is a portrait of a smiling man, and on the right, three people in blue PPE suits [Isha]:courage has inspired us every moment of this fight. For over a year, Ricky Bindra, Head of our corporate services, had been tirelessly organizing daily meals for the needy, setting up diapers for beds, medications, ventilators, oxygen, ambulances and all of the vaccinations for our entire reliance family. Last month, Ricky and his family were diagnosed COVID positive. Ricky himself was in the ICU for 30 days, completely paralyzed for 20 days, on a ventilator for 10 days. By the grace of God, he is okay and on the road to rehab and recovery. A salute to Ricky and countless other members of our Visuals:Slide 41 - Two speakers Isha Ambani and Akash Ambani standing at a podium with the Reliance logo. Behind them, a large blue screen displays the words: "Reliance Family placed country first, community next, family third, self last. [Isha]: reliance family who have placed their country first, community next, family thought and self lost in this hour of need. they, our real life superheroes. [Akash]:Thanks to the spirited efforts, millions of our fellow Indians have continued to work from home, shop from home, learn from home and consult doctors from the safety of their homes in these tough times. Visuals:Slide 42 - Two speakers Isha Ambani and Akash Ambani standing at a podium and background screen that says, "Thanks to the Reliance Family millions of Indians could" with icons for working, shopping, learning, and consulting doctors from home [Akash]:Our colleagues personified the DNA of reliance to care, unite, integrate and empower. [Isha]:Truly Akash and to tell us more about reliance families unified and dial us response to the crisis. Let us now welcome the founder, chairperson of the reliance foundation. Our dearest mother, Mrs. Nita Ambani. [Applause] Visuals:Slide 43 - Slide shows Reliance Member is smiling and clapping her hands, seated indoors with brown curtains behind her Visuals:Slide 44 -Nita Ambani is speaking at a podium with the Reliance Foundation logo and a sky-themed background [Nita]: Thank you, Isha and Akash. esteemed shareholders. Namaskar. I hope that all of you and your loved ones are well and safe. The COVID-19 pandemic is a humanitarian crisis. It has tested the very spirit of humanity. But even in the darkest hour, our spirit has shown right. We as a people have come together and fought this battle with immense empathy and compassion. Reliance foundation over the last 11 years has always stood shoulder to shoulder with the people of India. In every challenge, big or small, through good and bad times, Visuals:Slide 43 - Nita ambani is presenting on a modern stage with a curved digital screen behind her, displaying the Reliance Foundation logo and the text "Impacting over 45 million Indians" along with photos of large groups of people. [Nita]:we have tried to make a difference to the lives of 45 million Indians.across the country. In the remotest villages and towns of India, we have found and created stories of hope, of change, of transformation. And so last year, when humanity was struck with the worst crisis in over a hundred years, we did our best to help. In whichever way we could and did so urgently. Visuals:Slide 44 - Nita stands at a podium with a screen behind her showing the Reliance Foundation logo and text saying "14 schools turned into digital schools." There are images of a child studying online and a virtual classroom with students. [Nita]:While our top priority this year was COVID relief, we ensured that we continued all our other developmental work as well. We remained committed to our vision for education and sport for all. Within days of the outbreak, our 14 schools turned into digital schools. They became safe havens of positivity and learning for thousands of students who embraced virtual schooling with unimaginable enthusiasm. We have also worked very hard through these challenging times to bring our dream project, the jio Institute, to life. jio Institute is envisioned to be an exemplary academic institution with a world-class platform for research, innovation and life-long learning. It will prepare the next generation of global leaders who will significantly contribute to the advancement of India and the world. Visuals:Slide 45- Nita is presenting at the podium and the backdrop shows two images: one of a modern building on the left with the text "Reliance Jio Institute: Commencing session in 2021," and one of a group of people on the right with the Jio Institute logo above them. [Nita]:Despite the pandemic, I am pleased to announce that jio Institute is all set to commence academic sessions at the campus in Navi Mumbai this year itself. Visuals: Slide 46 - Nita is presenting at a podium in front of a large screen showing the Reliance Foundation logo and the words "Scholarships for Artificial Intelligence and Computer Science." The screen features two images: one of a student working at a desk with a laptop and chalkboard, and another of a person using a tablet in a lab setting [Nita]:This year, we also launched Reliance Foundation scholarships in artificial intelligence and computer science for undergraduates and postgraduates. Beyond education, sport has been another symbol of hope, a medium to delight and inspire the world in these times. Visuals:Slide 47 - Nita standing at a podium, with the Mumbai Indians cricket team's achievements highlighted. The background screen shows "Five-time IPL champions!" with the Mumbai Indians logo above it. There are two image panels: the left one says "CHAMPIONS 2020" and displays the team celebrating; the right one shows a collage of several championship wins. [Nita]:In 2020, our champions, Mumbai Indians, brought in a lot of joy and cheer, two millions by winning their fifth IPL trophy. I wish our team all the best for the upcoming second leg of the IPL 2021. Visuals:Slide 48 - Nita is standing at a podium on a stage with a virtual background. The background shows two images: on the left, football players in action, and on the right, a football team celebrating with a trophy. Above her, text reads: "Reliance Foundation ISL 7: The biggest sporting event in India during the pandemic. [Nita]:Our football league, ISL, became the first, the longest and the biggest sporting event to be held entirely in India with complete safety protocols during the pandemic. It took more than 1,600 people in 18 different biobubbles across 14 different locations in Goa to pull off season 7 of the Indian Super League very successfully. Visuals: Slide 49 - shows Mukesh Ambani listening to the session. [Nita]:across 14 different locations in Goa to pull off season 7 of the Indian Super League very successfully. Visuals:Slide 50 - Nita Ambani is presenting at a podium on a virtual stage with a blue sky and cloud background. Behind her, the screen displays the "Reliance Foundation" logo. [Nita]: Apart from cricket and football, we continue to focus on other sports like athletics, archery, basketball, badminton and weightlifting. We have reached [Music] [Nita]: out to over 21. 5 million children through our grassroots initiatives in various sports all across India. We hope to develop a holistic ecosystem that identifies and trains our young champions of tomorrow. Speaking of champions, I would like to wish all our athletes of Team India all the very best for the upcoming Tokyo Olympic Games on a personal route in December last year. Visuals: Slide 51 - shows Mukesh Ambani listening to the session. [Nita]: Mukesh and I became proud grandparents to our dearest Akash Visuals:Slide 52 - shows Nita Ambani presenting. [Nita]:Shloka precious baby boy Prithvi Akash Ambani. Thank you all for your good wishes and blessings on this happy occasion for our family friends. I am a big believer in the phenomenal power of women. I believe that when women lean on women incredible things happen. It is my dream and mission to empower every girl in India to write her own destiny. On women's day in March this year we launched a digital platform for women called her circle. Her circle is an inclusive, collaborative, interactive and socially conscious digital movement. A circle of solidarity,sisterhood and growth, reliance foundation also partnered with USAID to launch the WomenConnect India Challenge this year. A partnership that aims to empower more and more Indian women with digital reach and opportunity. Digital technology truly is a backbone of this new world order. Using the power of digital we also help rural communities save God their lives and livelihoods from the natural calamities that affected India this year. Be it the floods in Assam and Uttarakhand are the cyclones on our eastern and western coast. Friends, now I would like to take you Visuals: Slide 53 - Shows Isha listening to the session. [Nita]:through the work that Reliance Foundation is doing Visuals: Slide 54 - shows Nita is presenting [Nita]: in our nation's fight against the pandemic. Over the past 15 months for Mukesh and me the top priority has been to do whatever we can to help our nation and our people. In these difficult times, Reliance Foundation launched five missions to fight the virus. Mission oxygen, mission COVID infra, mission arn na seva, mission employee care and mission vaccine surekhya. Let me start with mission oxygen. Visuals: Slide 55- Shows Akash is listening to the session. [Nita]:As you all know India faced an acute shortage of oxygen as soon as COVID cases began to surge earlier this year. Visuals: Slide 56 - shows Nita is presenting [Nita]:Reliance swung into action on a war footing immediately. Traditionally we have never produced medical grade liquid oxygen. Yet, when the need arose, we repurposed our Jamnagar refinery within days to produce high purity medical grade liquid oxygen. And within two weeks we ramped up production to a massive 1,100 metric tons per day. It would normally take over a year to set up a new medical grade oxygen plant of this capacity. But it was a superhuman effort by our Reliance engineers who put in more than 85,000 man hours of work in less than 10 days to make it possible. They delivered what mattered the most. When it mattered the most. You will feel proud to know that today, Reliance is producing over 11% of India's medical grade liquid oxygen. The highest by a single company at a single location. We are providing this brand value oxygen to one out of every 10 COVID patients in India. And offering this service to the nation free of cost. For Mukesh and me and every member of our Reliance family. This opportunity to serve humanity is a noblest of all noble causes. Friends. In the oxygen supply chain we have addressed India's serious bottleneck of tankers. Visuals: Slide shows a member is listening to the session. [Nital]:Reliance procured 100 new medical grade Visuals: Slide 57 - shows Nita is presenting [Nita]:oxygen tankers both from within India and other parts of the world. Like Germany, Singapore, Saudi Arabia, Netherlands, Belgium, Thailand, Indonesia and put them into service within two weeks. We also helped in installing oxygen generators in several hospitals across the country to strengthen oxygen availability. I salute all our engineers, doctors and frontline warriors for working selflessly and tirelessly for mission oxygen. Dear shareholders, the key to fighting the pandemic is a strong COVID care infrastructure. Visuals: Slide 58 - Nita Ambani is standing at a podium on a virtual stage, delivering a presentation. Behind her, there is a large green screen showing the "Reliance Foundation" logo and the title "Mission COVID Infra." [Nita]:That is what we have tried to achieve through mission COVID infra. Last year, within days of the coronavirus outbreak, Visuals: Slide 59 - Nita Ambani speaking on a stage with a large digital backdrop. On the backdrop, two images are displayed, one of a hospital setting and the other of a medical professional working with laboratory equipment. The backdrop also includes the text: "Set up India's first exclusive 250 bed COVID-19 facility." [Nita]: we set up India's first dedicated 250-bedded COVID facility in Mumbai. Visuals: Slide 60 - Nita Ambani is standing at a podium with a large display behind her. The display features the Reliance Foundation logo and text that reads: "Mission COVID Infra Set up additional 875 beds in Mumbai." [Nita]: By the time the second wave hit us, we had set up additional 875 beds for COVID care in Mumbai alone. Visuals: Slide 61 - Nita Ambani is speaking at a podium. Behind her, the screen displays information about the Reliance Foundation’s efforts during the COVID-19 pandemic.The background highlights that their Mission COVID Infra created over 2,000 beds with uninterrupted oxygen supply across India, and there are images of healthcare workers in protective suits and a large facility with many hospital beds. [Nita]: Across India, we created a total capacity of over 2,000 beds for COVID care. All equipped to provide uninterrupted oxygen supply and totally free of cost treatment. Visuals: Slide 62 - Shows the title "Reliance Foundation Mission COVID Infra" with the text "COVID testing lab with a capacity of over 15,000 tests daily." There are two images of laboratory workers in protective suits handling lab equipment. In the center, a speaker Nita Ambani stands at a podium. [Nita]:We also launched a COVID testing lab with a capacity of over 15,000 tests per day. Visuals: Slide 63- showing a woman at a podium on a virtual stage. Behind her is a screen with the Reliance Foundation logo and the text "Mission COVID Infra. Gratitude to the entire medical fraternity". On both sides of the screen are images of medical staff dressed in full protective gear. [Nita]:the entire medical fraternity, other real heroes of this fight. Visuals: Slide 64- shows a Reliance member listening to the session. [Nita]:They have put their own lives at risk to save others day after day. Visuals: Slide 65 shows Nita Ambani is speaking at a podium. [Nita]:They have stayed isolated and away from their families and loved ones to care for us. They have worked long hours at a stretch wearing full PPE kits but never complained. They have compromised their own health and gone way beyond the call of duty. Dr. Taram, Dr. Darshana, Dr. Vivek, Sister Aneta, Sister Agnes, Sister Kuzum, Brothers Chandrasekha and Omkar, managers Akansha and Kumbkum, Shivam, Visuals:Slide 66 - Nita Ambani is speaking, while five men in formal attire are visible in surrounding frames, some appearing to clap. [Nita]:Bikas, Trinidad, Mayang, Mayuri and countless others. Visuals: Slide 67 - shows Nita Ambani is speaking at a podium with the Reliance Foundation logo on it, against a blue sky background [Nita]:They became like friends and families for patients in COVID wards, caring for them, cheering for them, sometimes singing and dancing for them. Their bravery, their selflessness and their large heartedness is a tribute to humanity in its purest form. As a community, we owe each and every frontline warrior a huge debt. With folded hands, I salute their spirit of care and sacrifice. A big thank you on behalf of all of us. A heartfelt Dhanyavadh friend. Visuals: Slide 68 - standing at a podium with a large green sign behind her that reads, “Reliance Foundation Mission Anna Seva.” [Nita]: In the early days of the lockdown, we launched Mission Anna Seva, our commitment to feed the needy, and we extended it to include cattle and stray animals. Visuals: Slide 69 - shows a Reliance member is listening to the session. [Nita]:Today, this commitment has taken Visuals: Slide 70 - shows Nita Ambani speaking at the podium. [Nita]:the form of the largest meal distribution program undertaken by a corporate foundation anywhere in the world. Visuals: Slide 71 - Nita is is presenting on stage with a screen behind her displaying “Reliance Foundation Mission Anna Seva Distributed over 7.5 crore free meals across India,” along with photos of people receiving food aid. [Nita]:We are so far provided more than 7. 5 crore free meals to marginalized communities, daily wage owners and frontline workers across the country. Dear shareholders, our next mission, Mission Employee Care, Visuals:Slide 72 - Nita is presenting on stage with a green screen behind her that says "Reliance Foundation Mission Employee Care." [Nita]: is an expression of our care and concern for the most precious members of our extended family, our Reliance family. [Hindi Text] Visuals:Slide 73 - Nita Ambani is presenting on a circular stage with a screen behind her that says “Migrated to work-from-home mode.” [Nita]: When the pandemic started last year, literally overnight, we migrated to a full-time work from home mode. Across Reliance, we made sure that no jobs, no salaries, no bonuses were cut due to COVID. Visuals:Slide 74 - Nita Ambani is standing at a podium on a circular stage, presenting in front of a screen that displays "Fully paid medical expenses and leaves." [Nita]:All medical expenses were fully paid and fully paid leaves were granted.It breaks our hearts that in spite of our best efforts, we lost some precious members of our Reliance family to the pandemic. Nothing can fill the void, they've left in our minds and hearts. The entire Reliance family stands in solidarity with their families and shares their grief. We remained committed to the families continued well-being and fulfilling the dreams that they saw together. Towards this end, Reliance will continue to Visuals:Slide 75 - Nita is speaking at a podium with a large digital screen behind her displaying information about the "Reliance Foundation Mission Employee Care." The slide highlights three key benefits: salary to the employee’s family for 5 years, free children’s education until graduation, and medical coverage for life. [Nita]:pay the disease to employees' salary to the family for the next five years. Finance the children's education in India till graduation and ensure continuity of medical coverage to the family for life. Visuals:Slide 76 - Nita is speaking at an event with a screen behind her announcing that Reliance Foundation will provide ₹10 lakh to the families of off-roll employees. [Nita]: Additionally, a lump sum amount of 10 lakhs will be provided to families of our off all employees who succumbed to COVID-19. My prayers, thoughts and deepest condolences are with every family who has lost a loved one. Om Shanti, dear friends, our fifth and most critical mission is Mission Visuals:Slide 77 - Nita is standing and speaking at a podium with a green screen behind her displaying the words "Reliance Foundation Mission Vaccine Suraksha." [Nita]: Vaccine Suraksha. Mass vaccination is India's top-most and urgent priority now. It is the most reliable way out of this crisis. And to achieve this in the shortest possible time, the Government of India has recently allowed private enterprises and hospitals to join the effort. To help speed up the vaccination drive. Visuals:Slide 78 - Nita at a podium with the Reliance Foundation logo behind her. The slide announces the setup of 116 vaccination centres in 109 cities as part of "Mission Vaccine Suraksha." [Nita]: we have set up 116 vaccination centres in 109 cities across the country. We have made the entire vaccination process very easy and accessible on our physical digital platform, jioHealth Hub. With a click of a button, you can book a slot or download COVID certificates. Reliance Foundation will offer this platform absolutely free of cost to all users. Visuals: Slide 79 - Video conference with six participants, a Nita speaking in the center, others in separate frames around her. [Nita]: The platform has the ability to scale up to one lack vaccinations a day. That's one crore vaccinations in 100 days. We are continuously working to further increase this number. Visuals: Slide 80 - Nita at a podium with the Reliance Foundation logo behind her. [Nita]:We hope to partner with other corporate and local authorities to its fulfilling the mission of vaccinating all Indians by the end of this year. As we speak, we are already testing this platform with our Reliance family. We are currently vaccinating all 20 lack of our extended family, including retired employees, partner company employees and their families, free of cost. Reliances, mission vaccine suraksha is Visuals: Slide 81 - Nita is presenting on a virtual stage about Reliance Foundation's Mission Vaccine Suraksha, highlighted as one of India's largest corporate vaccination drives. Images of vaccination centers are shown on the screen behind her. [Nita]: one of the largest corporate vaccination drives in India. Executing this mission on a nationwide basis is a humongous task. But it is our dharma, our duty to every Indian, our promise of safety and protection. Our firm belief that together we can and we will overcome my dear shareholders. It is so inspiring to see each and every member of the Reliance family come together to do their bit and make a difference. Visuals: Slide 82 - Nita stands at a podium on a circular stage with digital documents displayed behind her and the Reliance Foundation logo above [Nita]:And this journey is made even more fulfilling when we get a thank you message from a mother who recovers from COVID and then reunites with a child. When a senior citizen blesses us for providing essentials at her doorstep, when a migrant family feels that they are not alone in the city. When a doctor or nurse on duty can protect themselves as they receive the PPE in time, when a hungry stray dog feels human compassion. When a daughter step far away can provide for her old parents through digital solutions. And children can continue learning and seeing their friends in virtual school. These are moments that make you believe that we are in this fight together. And I assure you that in every challenge that India faces, Reliance Foundation has and will continue to stand with every Indian. Together we shall overcome as we always have. Please take care, stay safe, stay healthy and stay hopeful. Jai Hind, thank you. [Music] Visuals: Slide 83 -multiple slides highlighting Reliance company’s COVID-19 response and healthcare facilities. These slides collectively showcase the scale of infrastructure support provided during the pandemic. Visuals: Slide 84 - shows text “The entire Reliance family rose to these challenges and stepped up in support of our nation.” [Song] Visuals: Slide 85 - Several slides focus on Reliance’s COVID-19 initiatives, showcasing its healthcare facilities and response efforts. Together, they highlight the extensive infrastructure and support provided during the pandemic. Visuals: Slide 86 - shows text Reliance Industries Limited with logo Visuals: Slide 87 - showing a Mukesh Ambani is speaking at a podium on a blue stage [Mukesh]:Thank you, Nita. Thank you, Isha and Akash. Visuals: Slide 88 - shows Nita is listening to the session. Visuals: Slide 89 -Reliance Industries Limited 44th Annual General Meeting is being played, showing a Mukesh Ambani is speaking at a podium on a blue stage [Mukesh]:Let us give a standing ovation to each and every member of Team Reliance for their exemplary commitment, devotion and resolve for going beyond the call of duty in serving the society in its hour of greatest need. [Applause] Visuals:Slide 90 shows meeting is playing, showing four men in suits on a blue background. The central speaker Mukesh Ambani stands at a podium, while the others appear on separate video screens. [Mukesh]:I indeed feel immense pride in leading such a team that combines excellence with empathy. My dear shareholders, Visuals:Slide 91 - The title "Business & Financial Performance" from Reliance Industries Limited, showing a man at a podium. [Mukesh]: I now turn to the business and financial performance of your company for the year 2020-2021. I am happy to report that even in a challenging environment, your company's performance continued to be outstanding. Visuals:Slide 92 - Mukesh Ambani in a suit presents financial results, showing consolidated revenue of ₹5,40,000 crore and consolidated EBITDA of ₹98,000 crore (with 50% from consumer businesses) on a blue background. [Mukesh]: Our consolidated revenue was nearly 5 lakh 40,000 crores with a sharp increase from our consumer business. Our consolidated EBITDA was nearly 98,000 crores and almost 50% of the EBITDA was contributed by consumer businesses. One of these consumer businesses retail is only about a decade old. The other business jio is also only 5 years old. Our net profit for the year Visuals: Slide 93 - Mukesh Ambani is presenting financial results with a blue background displaying "Consolidated Net Profit ₹53,739 Cr" and "Growth Over FY20 34.8%." [Mukesh]: was 53,739 crores higher by 34.8% compared to the previous year. Despite the pandemic, we increased our dividends this year. Dear friends, as India's largest business enterprise, reliance is contribution to the Indian economy continues to remain unmatched. Visuals: Slide 94 - Mukesh Ambani is presenting at a podium with stats about India’s largest exporter shown behind him: exports worth ₹1,45,143 crore, to 107 countries, making up 6.8% of India’s total merchandise exports [Mukesh]: At 1,45,143 crores, we continue to be India's largest exporter accounting for 6.8% of India's total merchandise exports to over 107 countries. Even in this challenging environment, reliance added nearly Visuals: Slide 95 - Mukesh Ambani standing at a podium with the Reliance logo, delivering a presentation. The background is solid blue with large text that says: "Reliance added 75,000 new jobs to the economy." [Mukesh]:75,000 new jobs in the past year. We are committed to creating and enabling large-scale employment opportunities, which is one of India's most urgent national tasks. Visuals: Slide 96 - A speaker Mukesh Ambani stands at a podium highlights that the company is among India's highest duty and tax payers, showing contributions of ₹21,044 crore in Customs and Excise Duty, ₹85,306 crore in GST & VAT, and ₹3,213 crore in Income Tax. [Mukesh]:We continue to be India's highest payer of customs and excise duty in the private sector with payments of 21,044 crores. We are amongst the highest payers of GST and VAT at 85,306 crores. We are also amongst the highest payers of income tax in the private sector paying 3,213 crores. For the financial year 2021, reliance successfully carried out the largest ever capital raise by any company globally in a year notwithstanding the COVID challenges. Visuals: Slide 97 - Mukesh Ambani in a suit is presenting at a podium with a blue background that displays the message: ₹3,24,432 crore capital raised, the largest ever by a company in a year [Mukesh]:The capital raises exceeded 3,24,432 crores, that is 44.4 billion US dollars through equity, NGO platforms and retail, rights issue and asset monetization. Visuals: Slide 98 - A Mukesh Ambani in a suit is speaking at a podium .Behind him, a slide lists major companies such as Facebook, Google, and Brookfield as "Marquee Investors." [Mukesh]:The investors included some of the best and market names across the world across sovereign wealth funds and private equity. Visuals: Slide 99 - A virtual meeting with five formally dressed men, one presenting at a podium while others appear in individual video frames. The presentation slide behind the speaker reads "Marquee Investors." [Mukesh]:This capital raise is a strong vote of confidence by the global investors in India's growth potential. It reflects their faith in the ability of your company's management to execute ambitious projects and long-term value creation plans. We also rewarded the shareholders with the largest Visuals:Slide 100 - Mukesh Ambani is presenting behind a podium with the Reliance Industries Limited logo, in front of a blue background with the text "Largest and most successful Rights Issue Ever by an Indian company." [Mukesh]:and the most successful rights issue ever by an Indian company. Visuals:Slide 101 - Mukesh Ambani is presenting at a business event, highlighting that Reliance shareholders who took part in the Rights Issue earned four times returns in just one year. [Mukesh]: I am really delighted that our retail shareholders Visuals:Slide 102 - Mukesh Ambani is presenting in front of a blue screen with text stating that Reliance shareholders who participated in the Rights Issue received 4X returns in just one year [Mukesh]: have made 4X returns in just 1 year on their rights issues. Visuals:Slide 103 - Mukesh Ambani is standing at a podium, giving a presentation with a blue background displaying the text "Net Debt Free Balance Sheet" and "Achieved much ahead of March 2021 target date." [Mukesh]: All of these helped reliance achieve a net debt-free balance sheet, much ahead of March 2021, a promise I had made to you 2 years ago. Dear friends, let me now talk about the performance of the individual businesses. Visuals:Slide 104 - Mukesh Ambani is presenting at a podium with “Jio Platforms” displayed on a blue background behind him. [Mukesh]: jio-platforms is the leading digital company in India with leadership and wireless connectivity and unmatched suite of apps and platforms. The consolidated revenues in the past year Visuals:Slide 105 - Mukesh Ambani at a podium with the Reliance logo. The slide behind him displays Jio Platforms' financial results, highlighting a consolidated revenue of ₹86,493 crore and EBITDA of ₹32,359 crore [Mukesh]: were 86,493 crores within EBITDA of 32,359 crores. We had a net addition of Visuals: Slide 106 - Mukesh Ambani is presenting about Jio Platforms, mentioning a net subscriber addition of 37.9 million in FY21 and a total subscriber base of over 425 million. [Mukesh]: 37. 9 million subscribers during the year. We now serve over 425 million consumers on our network. We have revenue leadership Visuals: Slide 107 - Mukesh Ambani is speaking from a podium with the Reliance Jio logo. The slide behind him highlights Jio’s revenue market leadership in 19 out of 22 circles [Mukesh]: in 19 out of 22 circles. Visuals: Slide 108 - Mukesh Ambani is speaking at a podium with the Reliance logo, presenting that Reliance Retail is India’s undisputed leader in organized retail, being six times bigger than its nearest competitor. [Mukesh]:Reliance retail continues to be the undisputed leader in organized retail in the country with a scale that is more than 6 times the next competitor. Despite the challenging year, retail had revenues Visuals:Slide 109 - Mukesh Ambani is presenting financial results for Reliance Retail, showing revenue of ₹1,53,818 crore and EBITDA of ₹9,842 crore, despite a challenging year [Mukesh]:of 1,53,818 crores in an EBITDA of 9,842 crores. We are by far the leader Visuals:Slide 110 - Mukesh Ambani is giving a presentation in front of a blue screen that reads "Reliance Retail: Leaders in all categories—Grocery, Electronics and Apparel." [Mukesh]: in each category, grocery, electronics and apparel. Visuals:Slide 111 - Mukesh Ambani is giving a presentation on a large, modern stage. Behind the speaker, a screen displays the words "Oil to Chemical Business." [Mukesh]: Our O2C business based unprecedented challenges as the beginning of the year was marked by severe economic contraction leading to demand destruction. And supply chain dislocations. We focused on safe operations of all our facilities. Visuals:Slide 112 - Mukesh Ambani is speaking at a podium on stage with a large blue screen behind him that says, "Operated manufacturing facilities at near full capacity." [Mukesh]: We were probably the only company globally that operated its facilities at near full capacity and was profitable in every quarter. Our consolidated revenues Visuals:Slide 113 - Mukesh Ambani presenting on a stage with a podium, and behind him, a blue screen displays key financial figures: Consolidated Revenue of ₹3,20,008 crore and EBITDA of ₹38,170 crore. [Mukesh]:during the year were 320,000 and 8 crores within EBITDA of 38,170 crores. We managed to maintain EBITDA margin at 11.9 percent despite volatility in both feedstock and product prices. We operationalized Visuals:Slide 114 - Mukesh Ambani presenting at a podium with a screen behind displaying Jio and BP logos [Mukesh]:the JV with VP in fuel retailing using technology and innovation to deliver new customer value. The demand and the margin environment for petrochemicals has recovered to pre-COVID levels by March. I am confident Visuals:Slide 115 - Video call with five men in suits, Mukesh Ambani at a podium in the center, and others in individual frames. [Mukesh]: that our O2C business will benefit from the strong global growth environment. As an important part of this vision of achieving accelerated growth Visuals:Slide 116 - Mukesh Ambani at a podium announces, “We look forward to welcoming Saudi Aramco as a strategic partner,” with Reliance and Aramco logos above him. [Mukesh]: will look forward to welcoming Saudi Aramco as a strategic partner in our O2C business. Despite several challenges due to COVID-19, we have made substantial progress in the past year in our discussions. These discussions have been held in the spirit of mutual commitment to convert a long-standing relationship into a perpetual partnership. This continued engagement and resolve from both sides, even during this pandemic, is a testimony of the strong relationship between Saudi Aramco and reliance. I expect our partnership to be formalized in an expeditious manner during this year. Visuals:Slide 117 -Mukesh Ambani stands at a podium with the Reliance logo, speaking in front of a blue background that says "KGD6 Basin commenced production." [Mukesh]:In our ENP business, VP and reliance commenced production in KG-D6 basin. Visuals:Slide 118 - Mukesh Ambani presenting at a podium with the Reliance logo. Behind him, the screen reads, "Production started from two of three toughest deep water gas projects" [Mukesh]: A joint venture brought two of the three toughest deep-water gas projects to production. This has been accomplished in a record time and set a new global benchmark for capital costs. We are now on course to bring the third deep-water MJ field on stream in the last quarter of 2022. Together, we will produce 30 million cubic meters per day of gas by 2023. This will establish reliance again as one of the largest domestic producers of gas in India meeting 20% of India's gas demand. ENP will again be a source of significant value and sustained earnings growth over the next decade. Dear shareholders, today I am happy to inform you about the change in the board of reliance industries limited. Visuals:Slide 119 - Mukesh Ambani is giving a presentation on stage, thanking Shri Y.P. Trivedi for retiring from the Reliance Board. [Mukesh]:Shri Y. P. Trivedi has expressed his desire to retire from the board. It is my duty to place on record our sincerest thanks to Shri Y. P. Trivedi. He joined our board at the request Visuals:Slide 120 - Mukesh Ambani presenting shows Reliance Chairman in a suit is smiling and sitting in an office chair in the session [Mukesh]:of our founder, Chairman, Dhirubhai Ambani in 1992. On behalf of the entire board and the shareholders, I would like to thank him from the bottom of my heart for all his vice counsel and sage advice for nearly 30 years. Visuals:Slide 121 - shows Mukesh Ambani mother in the session [Mukesh]:Y. P. Uncle, Visuals:Slide 122 - Mukesh Ambani is presenting the session [Mukesh]:we wish you continued good health and happiness. You are now 92 years young. Visuals:Slide 123 - Mukesh Ambani presenting shows Reliance Chairman in the session [Mukesh]:May God bless you to become a Satayushi, a Centurion, and Visuals:Slide 124 - Mukesh Ambani is speaking at a podium during Reliance Industries Limited's 44th Annual General Meeting. The background is blue with the company's logo and meeting title [Mukesh]:all of us in your reliance family will celebrate that day together. I am delighted and privileged to welcome Visuals:Slide 125 - Mukesh Ambani presenting at a podium with the Reliance Industries logo, welcoming H.E. Yasir Al-Rumayyan—Chairman of Saudi Aramco and Governor of PIF—to the Reliance Industries Board. Yasir Al-Rumayyan’s photo and title are displayed beside the speaker [Mukesh]:his excellency, Yasir Al-Rumayyan, Chairman of Saudi Aramco, and the governor of the public investment fund to join the board of reliance industries limited as an independent director. He is one of the most renowned names in energy, finance, and technology globally. I am sure that we will immensely benefit from his rich experience of running one of the world's largest companies and also one of the largest sovereign wealth funds in the world. His joining our board is also the beginning of internationalization of reliance. You will hear more about our international plans in the times to come. Visuals:Slide 126 - Mukesh Ambani is speaking at a podium on stage during a Reliance event, discussing their "New Energy & New Materials" business [Mukesh]:Dear shareholders, last year I had shared with you a vision to create the next big value creation engine for reliance and India. Our new energy and new materials business. Visuals:Slide 127 - Mukesh Ambani is presenting on stage with a screen behind him that says "Net Carbon Zero by 2035." [Mukesh]: I had also announced a 15-year commitment to become Net Carbon Zero by 2035. Visuals:Slide 128 - Slide shows Reliance Nita Ambani in the session and Mukesh Ambani is presenting on stage with a blue background. The slide behind him says "Ambitious strategy & roadmap," mentioning a "New energy era" and a "Rapid transition to green, clean and renewable energy." [Mukesh]:Today I am happy to present to you our ambitious strategy and roadmap for implementing this vision. The world is entering a new energy era which is going to be highly disruptive. The age of fossil fuels which powered economic growth globally for nearly three centuries cannot continue much longer. The huge quantities of carbon it has emitted into the environment have endangered life on earth. Our world has only one option, a rapid transition to a new era of green, clean and renewable energy. The COVID pandemic has further put the climate issue in the crisis bucket. Visuals:Slide 129 - Mukesh Ambani is delivering a presentation on the "Global new energy agenda." The blue background displays key points: moving from dialogue to implementation, and the need for absolute emission reductions soon [Mukesh]:Therefore, the global new energy agenda needs to move from dialogue to action, from commitment to urgent implementation on the ground. In reality, it is not enough to be carbon neutral. The world needs to achieve absolute reductions in emissions as soon as possible. Last month the International Energy Agency for the first time presented a concrete global roadmap for the energy sector to remove all emissions by 2050. Visuals:Slide 130 - shows audience listening in the session [Mukesh]:The roadmap calls for annual additions of solar photovoltaic Visuals:Slide 131 - shows Mukesh Ambani is delivering a presentation at a podium. [Mukesh]:to increase global solar capacity from 737 gigawatts in 2020 to about 5000 gigawatts by the end of 2030. While this clean energy transition is a global imperative, it is important for India and other developing nations for another reason. India is experiencing Visuals:Slide 132 - Mukesh Ambani is presenting on stage with a slide showing India's GDP per capita ($2,000) compared to the world average ($12,000) [Mukesh]: an explosion of aspirations. India's GDP per capita is around $2,000 while the world average is around $12,000. India's power consumption per capita is at present only one third of the global power consumption. Visuals:Slide 133 - Mukesh Ambani is speaking at a podium with a blue background that displays the text, "Wealth disparity and energy disparity is unacceptable." [Mukesh]: This wealth disparity and energy disparity is unacceptable. Further, the health, well-being and quality of life of every human being is in peril because of the polluted environment. The only answer to these problems lies in sustainable Visuals:Slide 134 - Mukesh Ambani is giving a speech at a podium with a blue background displaying the text "Sustainable and equitable development in India and globally." [Mukesh]: and equitable development in India and globally. Visuals:Slide 135 - is giving a presentation about the challenges India faces in energy. The two main points highlighted are increasing energy production while reducing carbon emissions, and meeting India's growing energy needs using domestic sources. [Mukesh]:How do we increase our energy production by drastically reducing our carbon emissions content? How do we meet India's growing energy needs through domestic sources of energy and not by importing carbon intensive fuels? How do we do so in a self-reliant and affordable way which benefits 1. 35 billion Indians? These are the challenges we face. Visuals:Slide 136 - Mukesh Ambani is speaking at a podium with a blue background that displays the text: "India can, India must, and India will meet these challenges." [Mukesh]: I firmly believe that India can, India must and India will meet these challenges. Friends, today I would like to make Visuals:Slide 137 - Mukesh Ambani is speaking at a podium with a blue background that displays the message "Together we will" along with three goals related to energy and leadership. [Mukesh]:3 affirmations. First, as one of the biggest energy markets in the world, India will play a leading role in transforming the global energy landscape. Second, as a company always focused on growing businesses of the future, reliance will provide leadership on the combined strength of a balance sheet, talent, technology and proven project execution capabilities. Third, reliance will make its new energy business a truly global business. In 2016, we launch jio with the aim of bridging the digital divide in India.Now, in 2021, we are launching our new Visuals:Slide 138 - Mukesh Ambani is speaking at a podium on a stage, with a large screen behind them showing images of solar panels and green fields. The screen displays text about bridging the digital divide in 2016 and the green energy divide in 2021. [Mukesh]:energy business with the aim of bridging the green energy divide in India and globally. And we will do it like we have always done by getting our first principles right. Visuals:Slide 139 - showing Mukesh Ambani at a podium with the slide title "Getting our first principles right"Integrated systems to deliver hyper-performance; Robust business model; Improve efficiency, performance and life‑cycle of assets. [Mukesh]:First, through hyperintegration, by integrating scientific knowledge with continuous technological innovation to build and operate truly integrated systems that deliver hyperperformance. Second, with a robust business model, by building a model that catches the irreversible upward curve in the demand for green, clean and renewable energy in India and globally and the downward curve in the cost of their production. Third, by scale, by improving the efficiency, performance and lifecycle of our assets and operations to achieve total system optimization and economics. Friends, I have no doubt that world class talent will be the most critical resource for this new business. Visuals:Slide 140 - stands at a white podium against a deep-blue background with the headline "₹60,000 Cr investment in New Energy & Materials Business." [Mukesh]:We have begun the process of attracting the best talent from across the world and put into place various key initiatives. We have established the reliance new Visuals:Slide 141 - Video conference layout showing six participants, one in a central large frame and five in smaller surrounding frames. [Mukesh]: energy council with some of the finest minds globally. They will help us validate our strategies and embrace disruptive pathways to achieve our goals. We are creating a coalition of partnership Visuals:Slide 142 - Partnerships with leading universities, startups and technology companies — creating a coalition of partnership with leading global universities. [Mukesh]:with leading global universities, best technology companies and the most promising startups in USA, Europe, Australia and Asia. In addition, we shall leverage our existing strengths and capabilities in digitization and platforms and large scale manufacturing. Dear shareholders, I am happy to inform you that we have started work on developing Visuals:Slide 143 - Mukesh Ambani stands at a white podium on a circular stepped stage with a large deep-blue screen behind showing the title "Dhirubhai Ambani Green Energy Giga Complex." [Mukesh]:the Dhirubhai Ambani green energy giga complex on 5000 acres in Jamnagar. It will be amongst the largest such integrated renewable energy manufacturing facilities in the world. Jamnagar was the cradle of our old energy business. Visuals:Slide 144 - Mukesh Ambani speaking at the podium and a blue screen showing the caption: "Jamnagar was the cradle of our old energy business." [Mukesh]: Jamnagar will also be the cradle of our new energy business. Allow me to take you through a three-part plan. Visuals:Slide 145 - Mukesh Ambani a speaker at a podium with a slide titled "4 Giga Factories" [Mukesh]: The first part of our plan is to build four giga factories. Visuals:Slide 146 - Titled "4 Giga Factories" lists four planned factories — solar photovoltaic module, advanced battery storage, electrolyser for green hydrogen, and fuel cell manufacturing [Mukesh]:These will manufacture and fully integrate all the critical components of the new energy ecosystem. One, for the production of solar energy, we will build an integrated solar photovoltaic module factory. Two, for the storage of intermittent energy, we will build an advanced energy storage battery factory. Three, for the production of green hydrogen, we will build an electrolyzer factory. Four, for converting hydrogen into mobile and stationary power, we will build a fuel cell factory. Over the next three years, we will invest over Visuals:Slide 147 - presenter stands at a white podium against a deep-blue background with the headline "₹60,000 Cr investment in New Energy & Materials Business." [Mukesh]:60,000 crores in these initiatives. Reliance will thus create and offer a fully integrated end-to-end renewable energy ecosystem. Friends, allow me to explain each of these facilities in some more detail. Visuals:Slide 148 - titled "Integrated Solar Photovoltaic Giga Factory," which notes goals to achieve the lowest-cost solar modules and produce 100 GW of India's 450 GW by 2030. [Mukesh]:Our first integrated solar photovoltaic giga factory will create solar energy. Visuals:Slide 149- titled "Integrated Solar Photovoltaic Giga Factory," which states goals to achieve the lowest-cost solar modules and produce 100 GW of India's 450 GW by 2030; [Mukesh]:We will start with raw silica and convert this to polysilicon, which we will then convert to ingot and wafers. These wafers would be used to make high efficiency solar cells and finally assembled into solar modules of the highest quality and durability. We will target to achieve costs that are lowest in the world to ensure affordability of our solar modules. We are highly inspired by the goal set by our Prime Minister, Sri Narendra Modi Ji, for India to achieve 450 giga watts of renewable energy capacity by 2030. Out of this, I am pleased to announce today that Reliance will establish and enable at least 100 giga watts of solar energy by 2030. A significant part of this will come from rooftop solar and decentralized solar installations in our rural areas. These will bring enormous benefits and prosperity to rural areas. Solar energy is available only during the day Visuals:Slide 150 - shows audience is listening to the session [Mukesh]:while power is needed round the clock. Visuals:Slide 151 - Mukesh Ambani speaking at the podium, shows Energy Storage Giga Factory with three headings: New and advanced electro chemical technologies; Collaborate with global leaders; Highest reliability for round the clock power. [Mukesh]:Therefore, storage is an important piece of the puzzle to solve. For this, we will launch our second initiative and advanced energy storage giga factory. We are exploring new and advanced electrochemical technologies that can be used for such large scale grid batteries to store the energy that we will create. We will collaborate with global leaders in battery technology to achieve the highest reliability for round the clock power availability through a combination of generation storage and grid connectivity. Besides electricity, green hydrogen will be a unique energy vector that can enable deep decarbonization of many sectors such as transportation, industry and power. One of the most common methods of generating green hydrogen is by electrolysis of pure water through electrolysis. This brings me to a third initiative, an electrolyzer giga factory to manufacture Visuals:Slide 152 - Mukesh Ambani stands behind a white podium against a blue slide titled "Electrolyser Giga Factory," with three headings: "Modular electrolysers with highest efficiency and lowest cost," "Captive production of green hydrogen," and "Domestic use as well as for global sale." [Mukesh]: modular electrolyzers of highest efficiency and the lowest capital cost. These can be used for captive production of green hydrogen for domestic use as well as for global sale. And finally, our fourth Visuals:Slide 153 - Mukesh Ambani stands stands at a lectern in front of a blue slide titled "Fuel Cell Giga Factory" with two bullets: "Will progressively replace internal combustion engines" and "Can fuel automobiles, trucks and buses and large mobile machines." [Mukesh]: initiative will be the fuel cell giga factory. A fuel cell uses oxygen from the air and hydrogen to generate electricity. The only emission of this process is non-polluting water vapor. In the new era, fuel cells will progressively replace internal combustion engines. Fuel cell engines can power automobiles, trucks and buses. They can also be used in stationary applications for powering data centers, telecom towers, emergency generators, microgrids and industrial equipment. This brings me to the second Visuals:Slide 154 - Mukesh Ambani stands at the podium and title is "Infrastructure and materials for Giga Factories." On-screen caption reads "This brings me to the second part of our plan providing infrastructure." [Mukesh]: part of our plan, providing infrastructure and materials to support the four giga factories. Visuals:Slide 155 - Mukesh Ambani stands on podium and slide reading "Jamnagar complex will provide infrastructure and utilities" and smaller text "Support manufacturers with right capabilities in this nationwide eco-system." [Mukesh]:Our Jamnagar complex will provide infrastructure and utilities to manufacture ancillary material and equipment needed to support these giga factories so that all critical materials are available in time. We will also support independent manufacturers with the right capabilities to be part of this nationwide ecosystem. Visuals:Slide 156 - Mukesh Ambani stands at a white podium with a gold emblem against a large blue background. Centered text on the background reads that ₹15,000 crore will be invested in value chain, partnerships and future technologies and the overall investment is ₹75,000 crore [Mukesh]:We will invest an additional 15,000 crores in value chain partnerships and future technologies including upstream and downstream industries. Thus, our overall initial investment from our own internal resources in the new energy business will be 75,000 crores in the next three years. Now, let me take you through the third part of our plan. Visuals:Slide 157 - Mukesh Ambani in a virtual conference screen showing six men in framed panels with a central speaker at a podium. [Mukesh]: Over the years, reliance has developed significant engineering project management and construction capabilities combining physical and digital technologies. We will repurpose these capabilities along with major international organizations to execute and deliver world scale renewable energy solutions. We will Visuals:Slide 158 - titled "Part 3 Execution Plan," which notes two new divisions: "Dedicated Renewable Energy Project Management and Construction Division" and "Dedicated Renewable Energy Project Finance Division." [Mukesh]: build two additional divisions to further strengthen this ecosystem. First, a dedicated renewable energy project management and construction division. And second, a dedicated renewable energy project finance division. Visuals:Slide 159 - Mukesh Ambani is speaking at a podium with slide titled "Project Management and Construction Division," which lists goals to provide end-to-end solutions for large renewable plants and to enable partnerships with green MSME entrepreneurs [Mukesh]:The project management and construction division will provide end-to-end solutions for large renewable plants across the world. It will enable and partner with thousands of green MSME entrepreneurs who can deploy kilowatt to megawatt scale solutions in agriculture, industry, residences and transportation. Visuals:Slide 160 - Mukesh Ambani a speaker stands at a podium in front of a deep blue slide titled Project Finance Division, with two points: “Source long term global capital at most attractive terms” and “Financing for small businesses and entrepreneurs investing with us.” [Mukesh]: The project finance division will provide finance solutions to stakeholders in our ecosystem. We will achieve our goals by enabling a platform to source long-term global capital for these investments at the most attractive terms. We will seek support from our relationship banks and global green funds for this purpose. Simultaneously, we will also facilitate a platform to provide financing for the entire ecosystem of small businesses and entrepreneurs who invest alongside with us. All of these three parts together constitute a architecture for Visuals:Slide 161 - Mukesh Ambani a speaker stands at a podium in front of a deep blue slide "India's decentralised green economy" with smaller text about generating millions of high-value jobs [Mukesh]:India's decentralized green economy. Over a period of time, it will generate millions of new and high value job opportunities for our youth. With these new initiatives, reliance will put Gujarat and India on the world's solar and hydrogen map. All our products will proudly claim made Visuals:Slide 162 - Mukesh Ambani is presenting at a podium on a blue stage with a large screen behind them.Text shows in slide as “Made in India, by India, for India and for the world” [Mukesh]: in India, by India, for India and for the world. This will be reliance is yet another big contribution to a prime minister's clarion call of Aatma Nirbhar Bharat. I am certain that India will present to the world a Visuals:Slide 163 -Mukesh Ambani a presenting at a white lectern against a bright blue background with the headline "Green economy movement — A true people's movement." [Mukesh]: template of a green economy movement which will truly be a people's movement. Solar power is the primary source of energy for our planet. SuryaDev has blessed India with almost limitless sunlight. I envision a future when our country will [Mukesh]:be transformed from a large importer of fossil energy to a large exporter of clean solar energy solutions. Dear friends, reliance is also evolving of vision Visuals:Slide 164 -Mukesh Ambani is presenting at a podium on a stage with a large screen behind him reading "Evolving a vision for New Materials and Green Chemicals" and a subtext about India's first world-scale carbon fiber plant for hydrogen and solar ecosystems [Mukesh]: for new materials and green chemicals. We will kickstart this by strategically investing in India's first world scale carbon fiber plant for supporting our hydrogen and solar ecosystems. You will hear more about this in the future. Visuals:Slide 165 - Mukesh Ambani is presenting at a podium against a bright blue slide that reads, "New green vision will benefit our existing O2C business," with subpoints "Decarbonize O2C business and become net carbon zero" and "Commercialise Multi-feed Catalytic Cracking (MCC) Technology." [Mukesh]:Friends, a new energy vision also has immense benefits for our existing O2C business. Allow me to take you through these. First, we will use solar energy on an economically attractive basis to decarbonize our existing O2C business and accelerate our journey to become net carbon zero. Second, we will use green hydrogen and carbon dioxide as raw materials to develop a roadmap for new green chemicals, green fertilizers and e-fuels. Third, we will commercialize with global partners of our own world-beating proprietary multi-zone catalytic cracking technology to optimize the fossil fuel transition to sustainable chemical and material building blocks. Thus, we will transform our legacy business into a sustainable circular and net zero carbon materials business. [Mukesh]:One that will provide growing returns for over several decades and we will do this Visuals:Slide 166 - Mukesh Ambani is presenting at a podium before a blue slide that reads "New energy ecosystem and decarbonizing O2C business" and "to create unprecedented value for India and Reliance." [Mukesh]:by repurposing our existing assets to extend their economic life and earning capacity. In doing so, we will have no legacy asset right down in the coming years. Dear shareholders, this twin execution plan of building a new energy and materials ecosystem and decarbonizing and repurposing our existing O2C business is a multi-decade growth plan for our company. It has the potential to create unprecedented value for India and for reliance in the coming years. Dear shareholders, new energy and new materials are not merely another business for us. It is our mission to heal the environment. It is an expression of reliance commitment that we care for our beautiful and bountiful planet. By implementing our green vision, reliance will help Visuals:Slide 166 - Mukesh Ambani is presenting at a white podium on concentric wooden steps against a large blue backdrop reading “Industrial Civilisation to Ecological Civilisation.” [Mukesh]:transition India and the world from an industrial civilization to an ecological civilization. We are repaying a debt of gratitude to Mother Nature. Dear shareholders, let me tell you in all humility that new energy is the most exciting, most challenging and the most purpose-driven mission I will be pursuing in my life. Mom I seek your blessings and support for success in this mission. Visuals:Slide 167 - Mukesh Ambani is presenting at a white podium centered on concentric semicircular wooden steps. Behind the speaker is a large blue backdrop with a red circular logo reading Jio, surrounded by a grid of small red and blue dots. [Mukesh]:Dear friends, let me now turn to jio,our digital services initiative. In spite of COVID, jio sustained its track record of robust performance. Visuals:Slide 168- Mukesh Ambani is presenting at a podium against a large blue screen displaying the Jio logo and text reading "First operator outside China to cross 400 million mobile subscribers in a single country." [Mukesh]:jio became the first operator outside China to cross 400 million subscribers in a single country. We are truly grateful to all our valued customers. Thanks to them, jio is today the world's Visuals:Slide 169 - Mukesh Ambani is presenting in a dark suit and red tie stands at a white podium in front of a large blue slide bearing a red Jio logo and the headline "World's 2nd largest data carrier" [Mukesh]: second largest mobile data carrier handling a monthly traffic of over 630 crore gigabytes a month. This is nearly a 45 percent growth in data consumption in the last year alone, a testament to the rapid pace at which India is digitizing. More significantly, jio continued to be the digital Visuals:Slide 170 - Mukesh Ambani is presenting at a podium in front of a slide reading "India's Digital Lifeline" with a Jio logo [Mukesh]: lifeline, binding Indians together in spite of social distancing, lockdowns and working from home. During the past year, we also made the necessary Visuals:Slide 171 - Mukesh Ambani is presenting at a podium in front of a slide labeled Significant capital investment shows a presenter at a white podium on a dark blue background with three key points: ₹57,123 Cr for additional spectrum, ₹15,183 Cr for expanding network infrastructure, and capacity to add 200 million customers. [Mukesh]: capital investments to further strengthen our market position and growth. During the recent spectrum auctions, we invested 57,123 crores to acquire significant additional spectrum, making jio the largest operator of 4G spectrum in India. And we have operationalized nearly 100 percent of this additional spectrum. When combined with another 15,183 crores, we invested in further expanding our network infrastructure. jio has raised the bar even higher for service quality. And jio's leadership is evident across India, along all key metrics like indoor coverage, download speeds and video experience. More importantly, these investments have also created the capacity to onboard an additional 200 million customers on jio's network thereby bringing digital empowerment to even more Indians. Friends, jio has truly democratized digital connectivity in India. Visuals:Slide 172 -Akash Ambani listening the session [Mukesh]:By offering the highest quality, the most affordable 4G broadband services in the world. Even so, India still Visuals:Slide 173 - Mukesh Ambani is presenting at a white podium against a blue slide that reads Ultra-affordable 4G Smartphone essential to make India 2G muk t with the subheading 300 million 2G users to be upgraded [Mukesh]: has nearly 300 million mobile users who are unable to escape from the inefficient and exorbitant 2G services. Because even a basic 4G smartphone remains unaffordable for these users. Therefore, an ultra-affordable 4G smartphone is essential to make India 2G mode. Last year, Sundar and I talked about the Google and jio co-developing a next-generation feature-rich but extremely affordable smartphone aimed at providing first-time internet access for 2G users. Today, I am pleased to announce that Google and jio teams have jointly developed a truly breakthrough smartphone that we are calling jio Phone Next Visuals:Slide 174 - A slide titled JioPhone Next with the tagline "Fully featured smartphone co‑developed by Google & Jio," Google and Jio logos, a phone mockup on the right, and a Mukesh Ambani at a podium in the center. [Mukesh]: jio Phone Next is a fully featured smartphone supporting the entire suite of applications from both Google and jio and as well as the Android Play Store through which users will have access to the entire universe of Android apps. Jio Phone Next is powered by an extremely optimized version of the Android operating system that has been jointly developed by jio and Google specially for the Indian market. While being ultra-affordable, jio Phone Next is packed with cutting-edge features Visuals:Slide 175 - A slide titled JioPhone Next highlights cutting-edge features such as a voice assistant, automatic read-aloud of screen text, language translation, a smart camera with augmented reality filters, and more. Mukesh Ambani a presenter stands at a podium beside images of the phone [Mukesh]:like voice assistant, automatic read-aloud, of screen text, language translation, smart camera with augmented reality filters and much more. This is a testimony to a global technology giant and a national technology champion working together to make truly a breakthrough product that can be first introduced in India and then taken to the rest of the world. Jio Phone Next will be available in the market from the auspicious date of Ganesh Chaturti 10th September this year. Visuals:Slide 176 - Isha Ambani is listening to a session. [Mukesh]:And as you have come to expect from jio, it is my promise that jio Phone Next will be by far Visuals:Slide 177 - A presentation slide titled JioPhone Next shows the tagline "Amongst the most affordable smartphones in India and globally," a man in a suit at a podium with a yellow circular logo, and a blue smartphone image displaying app icons [Mukesh]:the most affordable smartphone, not just in India but globally. Let me now invite my good friend Sundar to talk about jio Phone Next and other areas of collaboration between Google and jio. Visuals:Slide 178 - Sundar is a man in a suit and glasses is presenting the session. [Sundar]:Thank you to Mukesh, Nita, Akash and Isha and to everyone at Reliance Industries for all you do for India. From investing in infrastructure and technology to creating jobs and expanding opportunity to supporting communities in need, especially in this difficult moment for the country. It's been devastating to see the country hit so hard by COVID-19. Yet it's hardening to see how Reliance has stepped up to contribute to the national response and get support to the communities that need it most. On behalf of all of us at Google, we hope you are taking care and are wishing for better days ahead. For Google, the past year has brought renewed purpose and greater urgency to our mission to organize the world's information and make it universally accessible and useful. At a time when so many aspects of our lives and work are moving online, it's even more important to make technology accessible and helpful for everyone. This goal is at the heart of our partnership with Reliance jio. It was proud to help launch this partnership last year. It was the first and biggest equity investment from the 75,000 crore rupees Google for India digitization fund. Our vision was to bring affordable access to information for Indians in their own language, to build new products and services for India's unique needs and empower businesses with technology. I'm excited that today we can announce the next steps in this vision, starting with a new, affordable jio smartphone created with Google. Our teams have optimized a version of our Android OS, especially for this device. We'll offer language and translation features, a great camera and support for the latest Android updates. It's built for India and will open up new possibilities for millions of new users who will experience the internet for the very first time. And we can't wait to show you the device later this year. I'm also proud to announce that we are taking our collaboration further with a new 5G partnership between Google Cloud and jio. It'll help more than a billion Indians connect to a faster and better internet. Support businesses in their digital transformation and help jio build new services in sectors like health, education and more. Laying a foundation for the next phase of India's digitization. As part of this collaboration, reliance will also shift its core retail businesses to Google Cloud's infrastructure. They'll be able to take advantage of Google's AI and machine learning, e-commerce and demand forecasting offerings. Harnessing the reliability and performance of Google Cloud will enable these businesses to scale up as needed to respond to customer demand. Empowering businesses as they embark on their digital transformation is a key part of our mission in India. I'm excited for the innovations this partnership will help unleash. We are proud to play a part in India's next wave of technological innovation. Helping to connect 1.3 billion Indians to the opportunities the internet creates is meaningful to all of us at Google and certainly to me personally. I know that with greater access to smartphones and improved connectivity, there's no limit to what India's people can do. We look forward to getting technology into the hands of more people and to exploring what more we can achieve together in the years ahead. Thank you. [Applause] Visuals:Slide 179 - Mukesh Ambani speaking at the podium. [Mukesh]:Thank you, Sundar. We greatly value our partnership with Google. Friends, as Sundar mentioned, Cloud and Cloud solution is another area where we are collaborating with Google. jio will use Visuals:Slide 180 - Mukesh Ambani a speaker at a white podium with a slide reading "Jio will use Google Cloud’s cutting-edge technologies to power Jio’s 5G solutions. [Mukesh]:Google Cloud's cutting edge technologies to power jio's 5G solutions. And for powering the internal needs of key reliance growth businesses like Reliance Retail, jioMart, jioSawan and jioHealth. Friends, we have also made significant progress in collaborations that we announced last year. Let me start with Facebook Visuals:Slide 181 - Mukesh Ambani a speaker at a white podium with a slide titled FACEBOOK showing three points: "Launched JioMart on WhatsApp," "Encouraging response from beta users," and "Full New Commerce solution in progress." A man in a suit stands at a white podium [Mukesh]: We have launched an initial set of integrations between WhatsApp and jioMart on a trial basis. And the response from WhatsApp and jioMart customers is encouraging along with lots of valuable feedback. Our joint teams are actively developing the full newcomer solution linking merchants and consumers. And we plan to progressively launch these over the next few quarters. With Microsoft Visuals:Slide 182 - A Microsoft-branded slide shows a speaker Mukesh Ambani at a podium with text stating the company has "Operationalized 10 MW capacity of Jio-Azure Cloud data centres" and is "Expanding our data centre capacity and offerings for SMBs and startups." [Mukesh]: we have operationalized an initial 10 megawatt capacity of jio Azure Cloud data centers in two cities, Jamnagar and Nagpur. We are currently onboarding the initial group of pilot customers. And we plan to expand our data center capacity and our offerings to a growing number of SMEs and startups over the coming quarters. We are indeed privileged to have partners Visuals:Slide 183 - Mukesh Ambani at a podium with a slide titled Privileged to have partners like and logos for Google, FACEBOOK, and Microsoft [Mukesh]:like Facebook, Google and Microsoft in whose company are efforts to create a digital society in India seems that much easier. Friends, across the world, the past 15 months have been challenging for on-the-ground physical work. Visuals:Slide 184 - Mukesh Ambani stands at a white podium on a stage with a solid bright blue backdrop and a red-and-white JioFiber logo at the top. [Mukesh]:jio Fiber, jio's optic fiber-based gigabit speed, fixed broadband services have also faced similar challenges. The pace of optic fiber deployment, building connectivity and home installations have all been slower than expected because of lockdowns and other restrictions. Across our country. Despite this, I am glad to announce that jio Fiber has acquired more than 2 million new premises over the past year, following all safety protocols for our customers and employees. Now, with a cumulative base of 3 Visuals:Slide 184 - Mukesh Ambani, presenting at a white podium against a large blue slide that reads, "3 million users — JioFiber is the largest and the fastest growing broadband operator in India." [Mukesh]:million active homes and business users, jio Fiber has become the largest and fastest growing fixed broadband operator in India. Data consumption and jio Fiber has grown to more than 3 and a half times compared to a year ago. Today, jio's Visuals:Slide 185 - Mukesh Ambani, presenting at a podium with a blue slide that reads “JioFiber reaches > 12 million homes & business premises” and “Deep fiber footprint in the top 100 cities.” [Mukesh]:optical fiber network is physically present outside more than 12 million homes and business premises with a deep fiber footprint in the top 100 cities. I continue to be confident of a rapid uptake of jio Fiber services and revenue growth for jio as India recovers from COVID. Dear shareholders, I announced last year that jio's engineers have developed 100% Visuals:Slide 186 - Mukesh Ambani presenting at a white podium on circular wooden steps in front of a large blue curved screen that reads "100% home-grown and comprehensive 5G solution developed by Jio." [Mukesh]:home grown and comprehensive 5G solution, which is fully cloud-native, software-defined and digitally managed. jio has taken tremendous strides in maturing this state of the art standalone 5G technology, which signifies a quantum leap to the next frontier of wireless broadband. Together with our partners, we have tested the jio 5G solutions in India and we Visuals:Slide 187 - Mukesh Ambani presenting in a dark suit stands behind a white podium on a wooden stage with concentric blue-lit steps; a large screen behind him reads "Test speed on Jio 5G solution achieved 1Gbps." [Mukesh]: successfully demonstrated speeds well in excess of 1 gigabit per second. Our made in India solution is comprehensive, complete and globally competitive. It reaffirms my faith in the abundant talent of Indian engineers to deliver world-class products in such a cutting-edge technology. Recently, we received the necessary Visuals:Slide 188 - Mukesh Ambani presenting behind a white podium against a deep blue slide titled "Regulatory approvals and trial spectrum for 5G field-trials," with subtext about a 5G standalone network and trial sites in Navi Mumbai [Mukesh]: regulatory approvals as well as trial spectrum for initiating 5G field trials. As I speak to you, the entire 5G standalone network has been installed in our data centers across the nation and also at our trial sites in November. We are confident of being the first Visuals:Slide 189 - Mukesh Ambani, presenting a slide titled "5G in healthcare" with text "Connected ambulance and telemedicine at HNRF Hospital" and an overlaid caption "Foundation Hospital is a state-of-the-art." [Mukesh]:to launch a full-fledged 5G service and because of our converged future proof architecture, jio's network is uniquely positioned to quickly and seamlessly upgrade from 4G to 5G. To develop the end-to-end 5G ecosystem, we are now working with leading global partners to develop a full range of 5G capable devices. The jio 5G technology is well positioned to create compelling applications for consumers and enterprises spanning healthcare, education, entertainment, retail and other key verticals of the economy. One exciting 5G enabled solution that jio is developing with our Sir HN Reliance Foundation Hospital is a state of the art connected ambulance. With real-time high fidelity telemedicine and remote doctor access, each connected ambulance can become a virtual extension of a hospital emergency room even while on the move. We are developing with Reliance Foundation Visuals:Slide 190 - Mukesh Ambani, presenting slide titled "5G in education" showing a speaker at a podium with the subtitle "Immersive and interactive AR/VR content to students of Reliance Foundation Schools." [Mukesh]:schools to use 5G to deliver immersive and interactive ARVR content to students and classrooms making the learning process a delightful, memorable and enriching experience. We hope that such showcases will catalyze the emergence of a vibrant local 5G ecosystem making India a global Visuals:Slide 191 - Mukesh Ambani, presenting at a podium in front of a blue slide that reads "Jio to make India 2G Mukt and 5G Yukt." [Mukesh]:hub for 5G development and export. So, jio is not just working to make India 2G Mukt but also 5G Yukt and once jio's 5G solution is proven at India scale. We are excited by the prospect of exporting jio 5G solutions to other telecom operators across the world. Friends, jio has developed Visuals:Slide 191 - Mukesh Ambani, presenting at white podium on a stage with a blue slide that reads, "Developed expertise in emerging technologies 5G, AI/ML, blockchain and mixed reality" and "100% owned intellectual property." [Mukesh]:deep expertise in multiple emerging technologies like 5G, AI and machine learning, blockchain and mixed reality. We are developing 100% own intellectual property. We have access to deep domain knowledge and operational experience within the Reliance group across key industry verticals. We have a passionate and talented team and world class partners and we have the opportunity to serve a global audience. Visuals:Slide 192 - Mukesh Ambani, presenting a slide showing a man standing behind a white podium on a solid blue background. Centered large white text at top reads: Jio Platforms to become a global technology player. [Mukesh]:In all jio platforms is blossoming into a global technology player capable of creating multi-fold societal customer and shareholder value for years to come. Visuals:Slide 193 - Mukesh Ambani, presenting at a white podium and a large blue backdrop showing a slide labeled "Reliance Retail." [Mukesh]:Dear shareholders, now let me talk about Reliance retail. This past year was the true test of our business. Despite challenging and restrictive operating conditions, Reliance retail continued to deliver industry leading returns. Visuals:Slide 194 - Mukesh Ambani, presenting at a podium against a blue background with text showing "1,500" New Stores Added on the left and "12,711" Total Stores on the right [Mukesh]:We added 1500 new stores which is among the largest retail expansion undertaken by any retailer during this period. Taking our total count of stores to 12,711. We continue to maintain and strengthen our leadership position. Today, one in every eight Visuals:Slide 195 - Mukesh Ambani, presenting with a slide reading "1 out of 8 Indians shops with Reliance Retail. [Mukesh]: Indians shops with Reliance retail. My dear shareholders, let me present some of the highlights Visuals:Slide 196 - Mukesh Ambani, presenting at a podium against a blue background. Text on the slide says "18 Crore Units of Apparel and Footwear" and "Dressing entire UK, Germany and Spain once." [Mukesh]:for this year. A parallel business sold nearly five lakh units per day and over 18 crore units during the year. This is equivalent to dressing the entire population of UK, Germany and Spain once. Visuals:Slide 197 - Mukesh Ambani, presenting a man in a suit at a white podium against a royal-blue background with the AJIO.com logo. Text on the left says AJIO emerged as a leading digital commerce platform for fashion and lifestyle; text on the right says AJIO now contributes over 25% of the apparel business. [Mukesh]: AJIO has emerged as one of the leading digital commerce platforms for fashion and lifestyle with a portfolio of over 2000 labels and brands and listing of over five lakh options. Driven by innovation, Ajio now contributes to over 25% of our apparel business. Before the consolidated opposition in consumer electronics Visuals:Slide 198 - Mukesh Ambani presenting at a white podium against a solid blue slide that reads "4.5 Cr Units of electronics = 120,000 Units Per Day." [Mukesh]: and sold, four and a half crore units of electronics last year which translates to over 120,000 units per day. Visuals:Slide 199 - Mukesh Ambani in a dark suit and red tie standing behind a white podium against a solid blue background. White centered heading text above him reads: Omni commerce capabilities across 1,300 cities. [Mukesh]: Our omni commerce capabilities allows us to deliver an unparalleled service proposition across 1300 cities. As India's largest grocery retailer, Reliance retail sold over a billion units of groceries or about 30 lakh units per day. Our grocery staff operated on the front lines of crisis ensuring availability of essential products to our customers and kiranapartners. Visuals:Slide 200 - Mukesh Ambani, presenting at a podium in front of a blue slide reading "JioMart" and "6.5 lakh order in a single day." [Mukesh]:jio Mart registered over six and a half lakh peak orders in a single day. jio Mart's growth is a testament to its already loyal customer base 80% of whom are repeat shoppers. jio Mart's new commerce aim is to transform and grow the small merchant ecosystem so that our merchant partners prosper over the past year over Visuals:Slide 201 - Mukesh Ambani in a dark suit stands behind a white lectern with a gold logo against a solid blue background. Above him, white text reads that 3 lakh partners across 150 cities transformed their businesses physically and digitally. [Mukesh]:three lakh merchants or shopkeeper partners across 150 cities were enabled and empowered to transform their businesses both physically and digitally. Our promise to them is simple. Customer Visuals:Slide 202 - Mukesh Ambani a presenter at a podium in front of a retail background with the slide headline "Customer Apka Support Hamara" and the subtitle "We support you, so that you can serve your customers better." [Mukesh]: apka support Hamara. We support you so that you can serve your customers better. A testament to our promise is that we have seen 3X growth in kirana orders and 2X growth in order frequency. Expansion across cities is well underway and we will onboard over 1crore Visuals:Slide 203 - Mukesh Ambani at a lectern with a blue slide that says JioMart will onboard over 1 crore merchant partners over the next three years [Mukesh]:merchant partners and small shopkeepers over the next three years. This will trigger a socio-economic transformation on an extraordinary scale in India specially when coupled with our mission Visuals:Slide 204 - A slide titled Our employment generation mission states 65,000 new jobs created, currently over 2 lakh people employed, and a goal to create employment for over 10 lakh; Mukesh Ambani in a suit stands at a white podium with a gold emblem [Mukesh]: of employment generation. Even in these challenging times I am personally proud to report to you that reliance retail has not only protected jobs but has created over 65,000 new jobs. Reliance retail currently employs over 2 lakh people making us one of the largest employers in the country. Over the next three years we shall further create employment for over 10 lakh people and enable the livelihoods for many more. Growth in the retail sector will usher growth across the value chain from raw material producers to large and small manufacturers from logistics service providers to merchants to consumers. In order to Visuals:Slide 205 - Mukesh Ambani stands at a lectern on a stage with a large blue slide titled "Expand the circle of shared prosperity," listing goals like research and product development, stronger sourcing and supply-chain infrastructure, expanding store footprint, and acquiring businesses [Mukesh]:expand this circle of shared prosperity we will be focusing on the following five key initiatives. First, we will further invest in our research design and product development capabilities. In the next year we will set up design research technology and innovation centres in key areas globally and nationally to develop differentiated offerings for our diverse customer groups. Second, we will further strengthen our sourcing ecosystem working closely with producers MSMEs service providers local and international brand companies. We will make them a partners in the journey of value creation that our new commerce model seeks to unload. Third, we are investing in building state of the art supply chain infrastructure across India by linking all major sourcing and consumption locations. This will maximize efficiencies and minimize losses in the supply chain so that we can share the gains with both consumers and producers. An automated, modular, reliable and scalable warehousing and logistics ecosystem will enable us to deliver products anywhere across the country in the shortest possible time. Fourth, we will focus on expanding our store footprint multi-fold this year with co-located delivery hubs over the next few years. They will provide a strong network to reach and serve millions of merchants and customers. And fifth, we will continue acquiring businesses to heighten our offering and experience to customers sharpen our omni-channel capabilities, drive operating efficiencies and strengthen our talent pool. Recent acquisitions include leading physical digital commerce platforms like NetMeds, Urban Ladder and Zivami. Visuals:Slide 206 - Mukesh Ambani a speaker at a podium with a blue slide that reads "Reliance Retail amongst the fastest growing retailers in the world" and "Committed to be among top 10 retailers globally." [Mukesh]: Reliance retail continues to be among the fastest growing retailers in the world. We are committed to grow our business so that we are among the top 10 retailers globally. I am confident that Reliance retail is on a hyper-growth trajectory to grow at least 3x in the next 3 to 5 years. Now, let me turn Visuals:Slide 207 - Mukesh Ambani at a lectern with a large screen behind reading "Media Business." [Mukesh]: to our media business. Dear Share owners, Network 18 successfully overcame the logistics and business challenges posed by COVID-19 pandemic. Visuals:Slide 208 - Mukesh Ambani at a lectern against a blue background with a NEWS18 logo and the headline "Despite risk we continued to provide relevant information to all viewers." [Mukesh]:Despite the pandemic, our journalists continue to venture out into the field every day so that viewers and readers get relevant information from inside the safety of their homes. Our entertainment flagship brand colors Visuals:Slide 209 - Mukesh Ambani in a suit at a white podium with a rounded white sign on a blue background that reads: colors — First to resume fresh programming keeping India entertained [Mukesh]:was the first to resume fresh programming after the first wave of lockdowns being true to its mission of keeping India entertained with wholesome and creative fair. Visuals:Slide 210 - Mukesh Ambani stands at a white podium on concentric wooden steps against a large blue backdrop [Mukesh]: I now will like to present a value creation roadmap. Your company has a proven track record of creating maximum Visuals:Slide 211 - Mukesh Ambani at a white podium on a circular wooden stage with a blue backdrop reading "Maximum societal and shareholder value creation." [Mukesh]: societal value and maximum shareholder value through a business operations as well as philanthropic initiatives. Visuals:Slide 212 -Mukesh Ambani stands at a podium on a circular stage with a large blue screen behind him that reads, "2020 proved the resilience of Reliance businesses and our ability to continuously innovate to create value." [Mukesh]:The year has proved beyond out the resilience of our businesses and our ability to continuously innovate to create value even in adverse conditions. Your well aware of Reliance's epic Visuals:Slide 213 -Mukesh Ambani at a podium against a large blue slide that reads Reliance's journey from small textile company with IPO less than 50 year ago to 50 most valuable companies in the world. [Mukesh]:journey from being a small textile company that had its IPO less than 50 years ago to today joining the ranks of the 50 most valuable companies in the world. Reliance is probably the only large Visuals:Slide 214 -Mukesh Ambani stands at a podium against a blue slide that reads “Transitioned to consumer and tech company in a short time” with the subtext “Globally the only large enterprise to achieve this.” [Mukesh]:company in the world that has successfully transformed itself from being a traditional industrial business into an enterprise that now includes two mega scale consumer and technology businesses. Visuals:Slide 215 -Mukesh Ambani at a podium presents a slide reading "Hundreds of millions of consumers benefited from Jio & Reliance Retail." [Mukesh]:Both jio and retail are at the beginning of their journey yet both have an embedded culture of continuous value creation. Both have also brought immense benefits to hundreds of millions of consumers by mastering the power of revolutionary new technologies. Visuals:Slide 216 -Mukesh Ambani at a podium presents a slide with white heading: "O2C business combined with new energy and materials poised to usher exponential growth." [Mukesh]: Our O2C business combined with new energy and materials plan will usher in a new era of exponential growth. In the last 10 years Reliance invested Visuals:Slide 217 - Mukesh Ambani in a dark suit stands at a white podium with a gold logo against a deep-blue background; text above him reads "Reliance invested over USD 90 billion in creating value for the country and shareholders." [Mukesh]: over 90 billion US dollars in creating substantial wealth for the nation and value for the shareholders. In the coming decade Reliance has the capacity to catalyze investments of Visuals:Slide 218 - Mukesh Ambani stands at a podium against a blue background with the slide text stating Reliance can catalyse USD 200 billion investment to create value exponentially. [Mukesh]:over 200 billion US dollars directly and through partners. These investments will create value on an exponential scale. They will be based on our disciplined capital allocation approach, preference for pursuing asset light strategies and emphasis on superior investment grade ratings. These investments will also create over Visuals:Slide 219 - Mukesh Ambani at a white podium on a bright blue slide stating: "Create > 10 lakh new jobs and foster thousands of small and medium enterprises." [Mukesh]:10 lakh new employment opportunities besides fostering thousands of small and medium enterprises across the country. I assure you that your company will consistently Visuals:Slide 220 - Mukesh Ambani in a dark suit speaks at a podium in front of a large blue slide that reads, "Reliance will consistently increase payout to its shareholders." [Mukesh]:increase payout to its shareholders as our earnings continue to grow. I am confident that Reliance's multiple investment and business announcements today will help in kickstarting growth in the Indian economy. I believe speedy recovery in the post COVID period is beyond any doubt. But beyond recovery there will be rapid resurgence. I have no doubt that India is destined Visuals:Slide 221 - Mukesh Ambani stands at a lectern with a large blue slide behind him that reads, "India is destined to emerge as one of the top three economies globally." [Mukesh]: to emerge as one of the top three economies in the world. And as your company in its golden decade transforms itself as a Visuals:Slide 222 - Mukesh Ambani stands at a podium against a deep-blue background with the heading New Reliance, New India. [Mukesh]:New Reliance is destined to play a proud role in the emergence of a new India. My most esteemed shareholders, my father Dhirubhai Ambani founded Reliance on the principles of investing in future technologies, investing in Indian talent and investing in India's growth opportunity. I have continued the tradition of following his evergreen principles while growing Reliance as a world-class enterprise. As Reliance climbs new summits of success in its onward journey, it will also cross new milestones in being a Visuals:Slide 223 - Mukesh Ambani stands at a podium against a bright blue slide that reads, "The best of Reliance is yet to come" and "Reliance, a caring and compassionate corporate citizen." [Mukesh]:caring and empathetic corporate citizen. But believe me, the best of Reliance is yet to come. I have no doubt whatsoever that the next generation of leaders at Reliance led by Isha Akash and Anam will further enrich this precious legacy. Visuals:Slide 224 - Mukesh Ambani is presenting at a podium. [Mukesh]:We are meeting at a time when the second wave of COVID pandemic is fast-receding. Under the leadership of our Prime Minister, Sri Narendra Modi Ji, the central government and all the state governments, along with civil society organizations and corporates have coordinated a massive effort in this fight. But as a company, as a country, as mankind and each one of us as individuals, we have learnt an important lesson. We must be far better prepared to face such crisis in the future and never let our guard down. To achieve this, the most essential resource we need, which is also the most useful resource, is a Visuals:Slide 225 - Mukesh Ambani in a suit stands at a white podium with a gold logo against a solid blue background; the slide title above him reads Positive mindset [Mukesh]:In trying times like these, positivity acts like a highly effective medicine. It works wonders for individuals, families and for the society. Despite weakens us, determination strengthens us. Negativity numbs us with pessimism and inaction. Positivity provides us with hope and confidence. Our ancient civilization has survived many crisis in its long history, because our forefathers had unlimited Visuals:Slide 226 - Mukesh Ambani in a dark suit stands behind a white podium against a bright blue background with large white text reading "Unlimited positivity and self-belief." [Mukesh]:positivity and self-belief. Visuals:Slide 227 -Mukesh Ambani in a suit stands at a white podium against a blue background beneath a circular portrait and the quote: "Challenge negative forces with hope, self-confidence and conviction and the ambition and initiative will ultimately triumph." [Mukesh]:My father, Dhirubhai Ambani, used to say, challenge negative forces with hope, self-confidence and conviction. And the ambition and initiative will ultimately always triumph. I have absolutely no doubt that India will conquer the COVID crisis sooner rather than later. Post COVID, Visuals:Slide 227 -Mukesh Ambani in a suit stands at a podium delivering a presentation titled "Post COVID India will emerge stronger," with four points: a better India, a resurgent India, a more equal India, and a far more self-confident India; on-screen captions read "crisis sooner rather than later. Postcoid, India will emerge," [Mukesh]:India will emerge stronger. It will be a better India, a resurgent India, a more equal India and a far more self-confident India. I foresee that the Indian economy will bounce back at a rate that will surprise the world. And prosperity and opportunities will be created for all on a scale never seen before. Not for a few, but for all 1. 35 billion Indians. Indeed, I see the global economy resetting itself in ways that will create a more Visuals:Slide 228 -Mukesh Ambani in a suit stands at a podium in front of a slide titled "An equal world." [Mukesh]: equal world. May God forever guide us along this path. I would like to thank the central Visuals:Slide 229 - Mukesh Ambani in a suit stands at a podium on a blue slide that reads "Thank you" and thanks central and state governments, shareholders, investors, lenders, suppliers and customers [Mukesh]: and the state governments, shareholders, investors, lenders, suppliers and customers for their consistent and resolute support. I thank all my colleagues Visuals:Slide 229 -Mukesh Ambani in a suit stands at a white podium with the heading "Thank you" and text thanking colleagues on the board for their oversight, support and encouragement [Mukesh]:on the board for their oversight in the crucial phase of our growth, their support and immense encouragement. I have special words to acknowledge the collective efforts of the entire Reliance Visuals:Slide 230 -Mukesh Ambani in a dark suit stands behind a white podium with a gold emblem against a deep blue background. The large text above him says "Thank you" and "Team Reliance." [Mukesh]: team working tirelessly to create and sustain a world-class enterprise. Thank you. [Applause]