The 41st annual general meeting (AGM) of oil-to-retail-to-telecom conglomerate Reliance Industries Ltd (RIL) is scheduled to be held today in Mumbai.

Chairman Mukesh Ambani is expected to make some major announcements when he will speak at the AGM.

The AGM of RIL is a much-anticipated affair for the past two years due to its big announcements related to Jio. The trend is also expected to continue this year.

Last year's AGM of RIL marked the launch of JioPhone, Reliance Jio's feature phone, which was made available for a refundable deposit of Rs 1,500. This year also all eyes will be on Ambani when he starts his speech at 11:00 AM.

According to various reports, the RIL will announce the Jio Fiber, the broadband business of telecom subsidiary, Reliance Jio Infocomm. The company will also announce the price plans for its JioFiber broadband service.

It currently offers fibre-to-the-home (FTTH) broadband connections with 1.1TB (terabytes) of free data at a speed of 100 mbps in selected markets across the country.

If RIL reveals its e-commerce plans, it could lead to a re-rating of the stock, said brokerage firm CLSA.

The company is also expected to unveil the fourth quarter performance last fiscal of RIL and Reliance Jio.

RIL also arranged e-voting system to provide its members with a facility to exercise their right to vote on resolutions proposed to be passed at the meeting.

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First Published:Jul 5, 2018 9:56 AM IST