Reliance Industries performance exceeded expectations despite pandemic: Mukesh Ambani
Mumbai/IBNS: Reliance Industries chief Mukesh Ambani on Thursday said that the group exceeded performance expectations despite the pandemic, but what matters most is the humanitarian service provided by the group during the crisis in the country.
"Our business and financial success since last AGM have exceeded expectations. But what has given me far greater happiness than our business performance is RIL’s humanitarian efforts during these exceedingly difficult times. Throughout the Covid crisis, our Reliance Family has risen to the occasion with a sense of purpose and national duty. I am sure our efforts of the last year would have made our founding chairman, Dhirubhai Ambani, proud. The spirit of care and empathy is the common thread across everything we do at Reliance. We care for our employees, their families; our customers, shareholders, and partners; the country and community; the planet and the people," Mukesh Ambani said in his introductory speech.
Mukesh Ambani's address was followed by Isha and Akash Ambani's address. They underscored the company's mantra of placing the country first, the community next and family third and self last.
After their speech, Nita Ambani spoke about the five Covid-specific missions — Mission Oxygen, Mission COVID Infra, Mission Anna Seva, Mission Employee Care, and Mission Vaccine Suraksha — the company took up in the past year.
"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," Nita Ambani said, pointing out that setting up a new medical-grade oxygen plant that produces 1,100 metric tonnes oxygen per day takes over a year.
Here are the major announcements made in the AGM 2021
Jio institute will start functioning this year at the Navi Mumbai campus, Nita Ambani announced
Reliance will pay the salaries of its staff who succumbed to Covid to the family members for five years. The company will also finance the education of the children of the deceased staff in India. Also, the company will provide an amount of Rs10 lakh to the family of deceased staff, Nita Ambani said explaining RIL's Mission Employee Care.