Reliance Industries Limited · NSE:RELIANCE
Reliance Industries — Q3 FY26 Earnings Presentation
80 slides from Reliance Industries's earnings presentation, Jan 16, 2026
Slide 1: Financial Results Presentation Q3 FY26
Financial Results Presentation Q3 FY26 16 January 2026 1
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or
Slide 3: Table of Contents
Table of Contents # Particulars Page No. A Group Performance 04 B Jio Platforms 12 C Retail 23 D FMCG 33 E JioStar 42 F Exploration and Production (E&P) 47 G Oil to Chemicals 52 H New Energy 66 3
Slide 4: Group Performance
ee A Group Performance
Slide 5: Continued Momentum Across Businesses (1/2)
Continued Momentum Across Businesses (1/2) EBITDA 16.4% EBITDA 1.3% • Strong subscriber addition of 8.9 Mn; total • Revenue grew by 8.1% YoY subs at 515.3 mn • Store count at 19,979 (431 stores added in 3Q) • 25 Mn+ fixed broadband subs • Quick Commerce – 1.6 Mn orders daily run- • 170 bps EBITDA ma
Slide 6: Continued Momentum Across Businesses (2/2)
Continued Momentum Across Businesses (2/2) Energy Business O2C EBITDA +14.6% E&P EBITDA -12.7% • O2C earnings led by strong fuel cracks • Jio-bp continues with industry-leading volume growth of 24%, with 2,125 outlets • E&P EBITDA declined with lower volume and price New Energy • Significant progres
Slide 7: Consolidated Financial Results: Q3 FY26
Consolidated Financial Results: Q3 FY26 YoY ➢ Revenue growth led by robust performance in Q3 FY25 Q3 FY26 Digital Services and Retail Change Particulars Rs crore Rs crore $ Bn % ➢ YoY EBITDA growth driven by Revenue 267,186 293,829 32.7 10.0% ✓ O2C (+14.6%) - Strong fuel cracks (up 60- 100%); weak d
Slide 8: Healthy Operating Performance Across Businesses
Healthy Operating Performance Across Businesses ➢ O2C: Supply disruptions and sustained demand Q3 Q3 YoY Q2 tightened fuel markets; continuing supply overhang Rs crore FY25 FY26 Change % FY26 in downstream chemicals Oil to 14,402 16,507 14.6% 15,008 Chemicals ➢ E&P: Natural decline in KG D6 gas volu
Slide 9: Consolidated Financial Results: 9M FY26
Consolidated Financial Results: 9M FY26 YoY 9M FY25 9M FY26 ➢ 9M FY26 strong growth momentum across Particulars Change Rs crore Rs crore $ Bn % key businesses Consolidated Revenue 783,086 850,629 94.6 8.6% ➢ O2C and Digital Services delivered strong EBITDA 134,685 159,323 17.7 18.3% double-digit EBI
Slide 10: Strong Balance Sheet: Q3 FY26
Strong Balance Sheet: Q3 FY26 Sept-25 Dec-25 Particulars Rs crore Rs crore $ Bn Net Debt 118,545 117,102 13.0 LTM EBITDA 205,131 208,060 23.1 Net Debt to LTM EBITDA (x) 0.58 0.56 0.56 ➢ Diversified, high-quality businesses deliver strong cash flows, supporting financial strength across cycles ➢ Robu
Slide 11: Credit Rating Upgrade
Credit Rating Upgrade Rating Agency Previous Rating Revised Rating BBB+ A- S&P One notch above sovereign rating Two notches above sovereign rating Rationale: ➢ Higher contribution from less cyclical, consumer-facing businesses resulting in improved earnings stability ➢ Earnings growth to outpace cap
Slide 12: Jio Platforms
ll B_ Jio Platforms
Slide 13: Proven Ability of Creating Disruptive Products and Services
Proven Ability of Creating Disruptive Products and Services Faster Go-To-Market and Accelerated Adoption 13
Slide 14: Sustained Momentum in Home and 5G Subscriber Additions
Sustained Momentum in Home and 5G Subscriber Additions #1 in Connectivity #1 in Homes 25 Mn+ 515 Mn+ 253 Mn+ 11.5 Mn Fixed Broadband Subscribers 5G Users JioAirFiber Homes (8.9mn net additions in Q2FY26) (19mn additions in Q3FY26) Connects (2.5mn net adds in Q3FY26) Growth in Financial Metrics and C
Slide 15: Mobility: Continuing To Drive Market Share Gains
Mobility: Continuing To Drive Market Share Gains Jio True5G Subscribers (Million) ➢ Jio continues to rapidly expand the 5G ecosystem with ~65% share of 5G subscribers in India 253 ➢ Share of 5G traffic has increased to ~53% of total 212 wireless traffic on Jio network 170 ➢ Superior network experien
Slide 16: Google Gemini For Unlimited 5G Users
Google Gemini For Unlimited 5G Users ➢ Free access to 18-month subscription of Gemini Pro plan valued at Rs 35,100 for unlimited Jio 5G users ➢ The subscription gives access: ▪ Gemini 3.0 Pro model ▪ Nano Banana and Veo 3.1 models ▪ Notebook LM for study and research, ▪ 2 TB of cloud storage, and mo
Slide 17: Home: Product Innovation Reinforcing Competitive Edge
Home: Product Innovation Reinforcing Competitive Edge ➢ Multiple technologies across Fiber, FWA-5G Fixed Broadband Subscribers (Million) and FWA-UBR driving fixed broadband growth 25 ➢ Jio’s market share in fixed broadband has 20 improved by 800bps over the last 12 months to 41% as of Nov’25 16 12 ➢
Slide 18: Digital Twin For Network Deployment, Planning & Operations
Digital Twin For Network Deployment, Planning & Operations ➢ 3D twin created of each network tower and buildings in scope ➢ Precise identification and mapping of each building with serving technology and macro site ➢ Automated digital and physical workflows for customer experience tracking and impro
Slide 19: Enterprise: Jio Moats to Drive Growth Acceleration
Enterprise: Jio Moats to Drive Growth Acceleration 1 3 Fat Pipe Network with Low-latency for Hyper Managed Services Driving Wallet Share Gains Scalers ➢ Connectivity for every location type, pan India ➢ Multi-year demand for scalable, high-capacity reach and managed services approach driving Jio’s a
Slide 20: RJIL (Connectivity Business): Key Operating Metrics
RJIL (Connectivity Business): Key Operating Metrics Q3 Q2 Q3 Particulars Unit ➢ Subscriber additions sustain in high- FY25 FY26 FY26 single-digit millions driving share gains Total Customer base Mn 482.1 506.4 515.3 across Mobility and Fixed Broadband Net Customer addition Mn 3.3 8.3 8.9 ➢ 5% YoY gr
Slide 21: RJIL: Q3 FY26 Financials
RJIL: Q3 FY26 Financials Operating Revenue (Rs crore) EBITDA (Rs crore) 32,751 56.2% 31,857 18,408 30,882 53.9% 17,874 30,018 17,301 29,307 16,188 15,798 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 EBITDA Margin ➢ RJIL operating revenue growth of 11.8 % YoY driven by strong
Slide 22: Jio Platforms Limited: Key Financials
Jio Platforms Limited: Key Financials JPL Consolidated % YoY Rs crore Q3 FY25 Q3 FY26 Change Q2 FY26 ➢ Q3 FY26 Revenue from operations at Gross Revenue1 38,750 43,683 13% 42,652 Rs 37,262 Crore, 12.7% YoY growth Operating Revenue 33,074 37,262 13% 36,332 ➢ EBITDA increased to Rs 19,303 EBITDA 16,585
Slide 23: Retail
C Retail 23
Slide 24: Key Highlights: Q3 FY26
Key Highlights: Q3 FY26 ➢ Delivered steady operating and financial performance; highest ever gross revenue at Rs 97,605 crore, up 8.1% YoY ✓ Growth impacted by GST rate rationalization, festive demand split across Q2 & Q3 and RCPL demerger ➢ EBITDA at Rs 6,915 crore; EBITDA margin at 8.0% ✓ EBITDA m
Slide 25: Financial Performance: Q3 FY26
Financial Performance: Q3 FY26 Q3 FY25 Q3 FY26 YoY change Q2 FY26 Particulars Rs crore Rs crore % Rs crore Gross Revenue 90,333 97,605 8% 90,018 Net Revenue 79,595 86,951 9% 79,128 EBITDA from Operations 6,632 6,770 2% 6,624 EBITDA Margin from Operations (%) 8.3% 7.8% -50 bps 8.4% Investment Income
Slide 26: Update on Consumption Baskets
Update on Consumption Baskets 26
Slide 27: Grocery – Foundation of Everyday Consumption
Grocery – Foundation of Everyday Consumption ➢ Consistent performance led by festive demand; big box stores continue to drive growth ➢ Continued growth across categories: Dairy, Frozen & Bakery (+23%), Staples (+19%) and Packaged Foods (+15%) ➢ Festive period momentum sustained, led by gifting in Fo
Slide 28: JioMart – India’s Fastest Scaling Digital Commerce Platform
JioMart – India’s Fastest Scaling Digital Commerce Platform ➢ JioMart operates across 5,000+ pin codes serviced by 3,000+ stores and 1,000+ cities ➢ Hyper-local Commerce exit daily orders reached 1.6 Mn+; 53% QoQ and 360%+ YoY growth in online average daily orders during Q3 ✓ Acquired 5.9 Mn new cus
Slide 29: Fashion & Lifestyle – India’s Largest Omni-channel Fashion Ecosystem
Fashion & Lifestyle – India’s Largest Omni-channel Fashion Ecosystem ➢ F&L business operates the largest network of omni-channel stores across 1,300+ cities ➢ Maintained steady performance led by festive demand and seasonal assortment; impact of festive demand split across Q2 and Q3 Trends Diwali Ca
Slide 30: Fashion & Lifestyle – India’s leading Digital Fashion Destination
Fashion & Lifestyle – India’s leading Digital Fashion Destination ➢ Ajio delivered growth led by promotions & festive buying; ABV* up 21% YoY ➢ Expanded catalogue to 2.8 Mn+ options, up 27% YoY – over half a million new options added during last twelve months Ajio Campaign ➢ Ajio Rush expanded to 42
Slide 31: Fashion & Lifestyle – Capturing Aspirations Through Premiumisation
Fashion & Lifestyle – Capturing Aspirations Through Premiumisation Premium Brands ➢ Steady performance led by festive demand and launch of new season collection ➢ Strengthened partner portfolio through exclusive partnership with Fabletics, an American women athleisure brand ➢ Launched first Hugo Blu
Slide 32: Consumer Electronics – Service, Brand & Solution-Led Business
Consumer Electronics – Service, Brand & Solution-Led Business ➢ Digital stores delivered strong festive quarter ✓ Growth driven by festive demand, year-end campaigns and GST-led price resets in ACs and TVs ➢ Key category performance: Laptops (+46%), Mobiles (+38%), TV (+25%) & Appliances (+19%) on a
Slide 33: FMCG
D FMCG 33
Slide 34: RCPL: Q3 FY26 Overview
RCPL: Q3 FY26 Overview RCPL completed demerger from RRVL in Q3 FY26. RCPL is a direct subsidiary of RIL from Dec 01, 2025 Rs 5,065 Cr. (1.6x) ~Rs 15,000 Cr. (1.8x) Q3 FY26 Gross Revenue (YoY Growth) YTD FY26 Gross Revenue (YoY Growth) General trade has contributed to 80% sales in Q3 | Currently pres
Slide 35: RCPL Portfolio across Categories at a Glance
RCPL Portfolio across Categories at a Glance BEVERAGES STAPLES CONFECTIONERY SNACKS BISCUITS PROCESSED FOODS PERSONAL CARE & HOME CARE PET FOOD 35
Slide 36: Winning Across Categories
Winning Across Categories Chocolates & Confectionery Snacks ➢ Built a comprehensive portfolio ➢ Robust growth in Snacks business across the Lotus Chocolates, from market expansion, increased Toffeeman and Ravalgaon demand for value packs and brands strong trade incentives ➢ New launches such as Rava
Slide 37: Marketing and Channel Updates
Marketing and Channel Updates Flagship Celebrity-Driven Campaigns Scaled Digital Amplification Across Platforms Key Key On-ground Activation atCampaigns Activations Key Consumer Touchpoints 37
Slide 38: Expanding Manufacturing Network
Expanding Manufacturing Network Beverages Food Parks ➢ Continued focus on building supply chain with ➢ Land has been allocated by government at several several high-speed bottling lines being sites, with allotment at additional sites in process. added this year across 12 states ➢ Work on several sit
Slide 39: Strategic Acquisitions: Udhaiyam
Strategic Acquisitions: Udhaiyam Udhaiyams Agro Foods Private Ltd, which operates under its highly popular flagship brand ‘Udhaiyam’, has a rich legacy of over three decades and a strong market presence in Tamil Nadu. The brand has established itself in key staples such as Rice, Pulses, and others,
Slide 40: Strategic Acquisitions: International Beauty Brands
Strategic Acquisitions: International Beauty Brands RCPL acquired international Beauty brands spanning key grooming and bathing segments. We have acquired global rights to these heritage brands (with a few territories excluded) and aim to expand their presence in international markets while growing
Slide 41: Key Brand Launches
Key Brand Launches Waggies SIL With Waggies, we aim to make high-quality, SIL’s re-launch anchors the company’s expansion in science-backed pet nutrition accessible and the packaged foods category and sets the foundation affordable for every pet parent in 2 key variants. for a robust, future-ready f
Slide 42: JioStar
E JioStar 42
Slide 43: Entertainment: Reaching New Highs Across Every Genre
Entertainment: Reaching New Highs Across Every Genre Bigg Boss Franchise Originals Movies AI Content Search Among #5 Posted highest ever Ad Most watched Record debut on for 3 weeks1 Revenues across Editions Malayalam and JHS: 2x viewers for 40% growth in Digital WT Telugu Films on launch episode vs
Slide 44: Sports: On a Sustained Growth Trajectory
Sports: On a Sustained Growth Trajectory Pro Kabbadi League Digital viewers doubled YoY India - South Africa (Limited Overs) Live WT more than 50% growth in Digital doubled YoY Viewers over IND ENG ‘25 Women’s World Cup 50% growth in Live WT Australia - India over IND ENG ‘25 Digital viewers 4x over
Slide 45: Operational Performance: Q3 FY26
Operational Performance: Q3 FY26 ⮚ Average Monthly Active Users (MAU) at 450 Mn; +13% QoQ and at par with the IPL loaded Q1 ⮚ Entertainment watch time grew by 15% QoQ, driven by the biggest seasons of Bigg Boss (3 languages), Digital strong performance of Hindi and Regional launches and sustained gr
Slide 46: Key Financials: Q3 FY26
Key Financials: Q3 FY26 ➢ Healthy EBITDA performance despite tough macro Q3 FY26 Q2 FY26 environment Particulars ➢ Strong performance in subscription revenue Rs crore Rs crore across Digital and TV sustains Operating Revenue 6,896 6,179 ➢ Digital Ad (ex-Sports) revenue hits a record high, driven by
Slide 47: Exploration and Production (E&P)
F Exploration and Production (E&P) 47
Slide 48: Financial Performance: Q3 FY26
Financial Performance: Q3 FY26 Q3 FY25 Q3 FY26 YoY change Q2 FY26 Particulars ➢ YoY EBITDA lower due to Rs crore Rs crore % Rs crore Revenue 6,370 6,058 ✓ Natural decline in KGD6 volume 5,833 (8.4)% ✓ Weak price realization for KG D6 EBITDA 5,565 4,857 (12.7)% 5,002 gas, CBM and condensate EBITDA Ma
Slide 49: Operating Performance: Q3 FY26
Operating Performance: Q3 FY26 ➢ Average production for the quarter YoY QoQ Q3 FY25 Q3 FY26 Q2 FY26 Production change change RIL Share ✓ KGD6 gas at 25.6 MMSCMD (BCFe) (BCFe) % (BCFe) % ✓ CBM at 0.87 MMSCMD KGD6 68.5 61.8 (9.8)% 63.5 (2.7)% CBM 2.65 2.82 6.4% 2.75 2.5% ✓ Oil / Condensate at 17,290 b
Slide 50: Global Gas / LNG Markets
Global Gas / LNG Markets 1. Gas/LNG prices trended lower due to weak fundamentals Historical Prices ($ / MMBtu) ➢ Avg. spot LNG at $10.6/ MMBtu, extending the downward trend ✓ Weak demand, high inventories in NE Asia reduced 14 competition for LNG cargoes 11 ✓ ~10 MMT Q-o-Q growth in LNG supply, led
Slide 51: India Gas Market
India Gas Market ➢ Domestic Gas consumption increased marginally to 193 Ceiling Price Vs WIM LNG ($/MMBtu) MMSCMD in Q3 FY26, from 192 MMSCMD in Q2 13.68 ✓ Fertilizer sector saw a moderate growth in Q3 12.91 12.52 ✓ CGD continued to see demand growth crossing 45 12.12 MMSCMD in Nov’25 (+10.5% YoY) 1
Slide 52: Oil to Chemicals
ee G Oil to Chemicals 52
Slide 53: Financial Performance: Q3 FY26
Financial Performance: Q3 FY26 ➢ YoY strong operational delivery leading to robust growth Q3 Q3 YoY Q2 Rs crore ✓ Fuel cracks up 60-100%, above 5-yr average FY25 FY26 change % FY26 ✓ Record domestic fuel placement through Jio-bp – HSD up 25% and MS up 21% Revenue 149,595 162,095 8.4% 160,558 ✓ Susta
Slide 54: Operating Performance: Q3 FY26
Operating Performance: Q3 FY26 Q3 Q2 Q3 ➢ Maximised refinery utilization to capture high margins Volume (in MMT) FY25 FY26 FY26 ✓ Agile crude sourcing helped sustain throughput Throughput 20.2 20.8 20.6 despite challenges Production meant for sale ➢ Record gasifier output, calibrated liquid fuel mix
Slide 55: Strong Domestic Placement Driven by Jio-bp
Strong Domestic Placement Driven by Jio-bp Volume Growth MS & HSD: ATF: E Mobility: CBG & CNG: (3Q’26 vs 3Q’25) 2.0 Mn KL (24%) 184 TKL 11.2 GWh (23%) 10 TMT (55%) Market Share & MS: HSD: ATF: Market Share:3.82% 5.90% 6.1% Effectiveness (ME)1 ME:1.8 ME: 2.7 CBG & CNG Convenience Retail Outlets: Char
Slide 56: Energy Market Environment: Q3 FY26
Energy Market Environment: Q3 FY26 Avg. Brent Crude ($/bbl) ➢ Avg Brent Crude prices fell by ~15% YoY, near 5-yr low 74.7 75.7 ✓ Oil oversupply due to unwinding of OPEC cuts 69.1 amidst moderate demand growth 67.8 63.7 ✓ News flow around potential resolution of geopolitical conflicts ✓ Chinese stock
Slide 57: Global Oil Demand: Q3 FY26
Global Oil Demand: Q3 FY26 Global Oil Demand (Million Barrels Per Day) 104.1 105.1 104.7 ➢ Global oil demand up 0.6 mb/d YoY led by Non-OECD Asia ➢ Global transportation fuel demand growth remained healthy, but FO & 3QFY25 2QFY26 3QFY26 Naphtha experienced weakness 30.0 29.4 30.1 27.0 27.8 27.3 ✓ Je
Slide 58: Domestic Oil Environment: Demand Q3 FY26
Domestic Oil Environment: Demand Q3 FY26 Domestic Oil Demand (MMT) ➢ Oil demand at 62.9 MMT, up 2.2% YoY 10.2 Gasoline 10.4 ➢ Gasoline demand up 5.7% 10.7 ✓ Higher personal mobility with growth in automotive sales 23.9 Diesel 20.7 ➢ HSD demand up 3.2% 24.6 ✓ Positive momentum from manufacturing and
Slide 59: Fuels: Cracks Sharply Higher YoY
Fuels: Cracks Sharply Higher YoY Q3 FY26 Avg. Product YoY Change Key Factors (YoY) Price / Margin Brent crude ➢ Oil oversupply concerns weighed on the 15% $63.7/bbl price price ➢ Continued drone attacks on Russian Gasoil cracks 62% $24.5/bbl refineries and impact of US/EU sanctions ➢ Lower Chinese e
Slide 60: Downstream Chemicals – Feedstock Environment
Downstream Chemicals – Feedstock Environment Avg. US Ethane Price (cpg) ➢ US Ethane price averaged at 26.7 cpg, up 21% 27.3 26.7 YoY inline with US natural gas prices 24.1 23.1 22.0 ✓ Ethane cracking economics continues to remain favourable over naphtha ➢ Naphtha price declined 14% YoY, tracking the
Slide 61: SEA Ethylene Margins ($ / MT)
Cracker Feedstock Margin Trend Cracker Feedstock Average Margins Integrated Ethane Cracker Integrated Naphtha Cracker 644 623 612 SEA Ethylene Margins ($ / MT) 610 545 472 430 414 335 310 298 266 283 198 147 145 134 39 45 11 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Ethane Continues to Remai
Slide 62: Cracker Operating Rates vs PE Margin
Cracker Operating Rates vs PE Margin Cracker OR vis-à-vis PE spread over Naphtha 95% 91% 91% 800 90% 89% 90% 666 87% 86% 700 747 616 85% 82% 80% 81% 80% 80% 600 80% 474 479 500 75% 422 358 341 400 70% 309 309 224 228 235 242 300 65% 194 205 215 163 171 177 183 60% 200 55% 100 50% 0 2016 2017 2018 20
Slide 63: Downstream: Margin Environment
Downstream: Margin Environment Q3 FY26 Avg. Product YoY Change Key Factors (YoY) Price / Margin Naphtha 14% $545/MT ➢ Lower crude prices prices US Ethane ➢ Increase in US natural gas prices 21% 26.7 cpg prices ➢ Despite price correction, PE deltas improved due PE 6% $311/MT to sharply lower Naphtha
Slide 64: Polymers and Polyester Domestic Demand YoY
Polymers and Polyester Domestic Demand YoY Polymer Demand Growth ➢ Stable domestic demand supported by broad- PE 4% based sectoral growth PP 8% -12% PVC ➢ PVC and PET demand impacted due to Polymer 2% prolonged monsoon ➢ RIL continues to focus on strengthening Polyester Demand Growth competitive edg
Slide 65: Business Dynamics and Priorities
Business Dynamics and Priorities Business Dynamics ➢ Oil demand to grow by 0.9 mb/d in CY26 led by Chinese stock builds and India demand ➢ Limited new refining capacity addition, closures and unplanned outages may support margins ➢ Domestic demand for fuels and downstream chemicals expected to remai
Slide 66: New Energy
ee H New Energy 66
Slide 67: World’s ONLY End-to-End Integrated Green Energy Business
World’s ONLY End-to-End Integrated Green Energy Business Manufacturing Gigafactories forming integrated Generation / Production Solar PV value chain RE – RTC Power Captive RE-RTC Polysilicon Plant Demand of RIL Ingot RE Generation Battery Energy Storage Wafer External Third- Solar Cells Party Sales
Slide 68: Progress Report on New Energy Ecosystem
Progress Report on New Energy Ecosystem ➢ We are on track to commission our fully integrated 10 GWp annual solar manufacturing giga factory and with a plan to further scale up to 20 GWp annual capacity ✓ As briefed earlier we have successfully commissioned our solar module manufacturing ✓ Last quart
Slide 69: Aerial View of Solar Module and Cell Gigafactories
Aerial View of Solar Module and Cell Gigafactories Cell 2 Module 2 Cell 1 Module 1 Module 1 Cell 1 69
Slide 70: Update on Solar PV Integrated Gigafactory: Module and Cell
Update on Solar PV Integrated Gigafactory: Module and Cell 1st Module Manufactured with Automated Wafer Transfer System Inside Cell Factory In-house Cells 70
Slide 71: Update on Solar PV Integrated Gigafactory: Wafers
Update on Solar PV Integrated Gigafactory: Wafers Wafer Gigafactory Machine for Slicing Ingot into Wafers 71
Slide 72: Update on Solar PV Integrated Gigafactory: Ingot
Update on Solar PV Integrated Gigafactory: Ingot First Ingot Construction in Progress (300 mm diameter and 2.85 m length) 72
Slide 73: Update on Solar PV Integrated Gigafactory: Polysilicon
Update on Solar PV Integrated Gigafactory: Polysilicon Polysilicon Storage Tanks Construction in Progress 73
Slide 74: Update on Solar PV Integrated Gigafactory: Glass
Update on Solar PV Integrated Gigafactory: Glass Glass Roller Conveyor System Glass Tempering Furnace Glass Furnace 74
Slide 75: Update on Solar Gigafactory Utilities
Update on Solar Gigafactory Utilities Central Utility Building 75
Slide 76: Update on Solar Gigafactory Utilities (Cont’d)
Update on Solar Gigafactory Utilities (Cont’d) Sub-station Chemical Storage Area 76
Slide 77: Update on Solar Gigafactory Utilities (Cont’d)
Update on Solar Gigafactory Utilities (Cont’d) Cooling Towers Effluent Treatment Plant 77
Slide 78: Update on Integrated Battery Gigafactories
Update on Integrated Battery Gigafactories Rapidly Progressing on Gigafactories for BESS Containers and Cell Manufacturing Units 78
Slide 79: Concluding Thoughts
Concluding Thoughts 1. RIL’s diversified business portfolio of businesses continues to deliver strong profitability and cashflow generation; despite macro headwinds and global uncertainties. 2. RIL’s strong balance sheet and recent credit rating upgrade underpins our capex cycle. 3. Jio continues to
Slide 80: THANK YOU
THANK YOU 80