RIL - stepping on the gas, again

By Anand Kalyanaraman in BFO #314, 28 Jun, 21

Two announcements at Reliance Industries’ (RIL) recent AGM (annual general meeting) hogged the limelight—the company’s green energy push and the impending launch of the JioPhone Next smartphone. Lost in the din and the razzmatazz was a seemingly innocuous statement by chairman Mukesh Ambani.  

In its exploration and production (E&P) business (the company’s ‘upstream’ oil & gas mining business), bp and Reliance JV commenced production in the KGD6 basin.