In an interview, IIFL Institutional Equities Vice President, Harshvardhan Dole talks about the expectations from RIL's upcoming AGM, makes it more defensible for the company, with the growing contribution of Jio and Retail and much more.
Harshvardhan Dole expects Reliance Industries Limited to induct a strategic investor in the oil-to-chemicals O2C business in the next 12-18 months.
In last twelve months, RIL has not only mobilised funds aggregating to approx rupees 22 thousand crore to de-leverage its balance sheet but also inducted strategic investors in its high growth businesses such as organised Reliance Retail and technology Jio.
Investors are also expecting some comments towards the progress and possible launch dates for the smartphone which is being developed by Jio and Google jointly.
Secondly, they want comments on the road map for the listing of Reliance Retail and lastly on the progress to induct a strategic investor in O2C business.
RIL Chairman Mukesh Ambani in the last AGM outlined the ambition to become a net carbon zero company by 2035. Investors are attentively waiting for the strategy adopted by RIL to achieve this target. As it would significantly improve its positioning on the Environmental Social & Governance framework.