Archive for June, 2015

Highlights of Reliance Jio in FY 2014-2015

June 26, 2015

The telecom arm of Mukesh Ambani-led Reliance Industries Limited, Reliance Jio Infocomm will be initiating its commercial ventures by the end of this year. Some of the highlights that Reliance Jio saw in the Financial Year 2014-2015 and later are:

Financial standing

Operating revenues of Reliance Jio were Rs. 415 crores and other revenues were Rs. 42 crores. Reliance Jio acquired a loan of Rs. 5076 crores from its parent company. It also accounted for net assets worth Rs. 30,074 crores.

Important services

In April, Reliance Jio came up with its first product launch. It introduced a mobile messaging app that has video, voice and conference calling features. It also offers group chats and stickers facility. This app is known as Jio Chat. It runs on iOS or android operating system. It also lets users connect with popular brands or their favorite celebrities.

In December 2014, the company also rolled out a preview website that gives information about Reliance Jio’s services, packages and tariffs.The beginning of 2015 saw the company rolling out its free of cost 4G Wi-Fi services in multiple regions of West Bengal. In 2014 too, Reliance Jio gave free Wi-Fi services at varied spots of Ahmedabad, Surat and Baroda. In June 2015, Reliance Jio earned a provisional pan-India MSO license. The organization has decided to make use of its Fiber to the Home (FTTH) connectivity to provide varied services to the users. The services include TV, telephone, wireless connectivity and high-speed internet.

Acquisitions in spectrum auction

The government’s spectrum auction was conducted in March, last year. Reliance Jio bought 71.05 MHz spectrum in the bands of 800 MHz and 1800 MHz. It made an investment of around Rs. 9936.13 crores. It got a total of 43.05 MHz spectrum in the 800 MHz band by spending Rs. 7735.02 crores. Through this, the company covered 9 major telecom regions. It captured the Mumbai region for Rs. 3637.48 crores. It also acquired 28 MHz of spectrum in the band of 1800 MHz with Rs. 2201.11 crores in 6 areas. The company earned the maximum 1800 MHz spectrum in the state of Rajasthan. Besides, it bought 1800 MHz spectrum in Kolkata for Rs. 745.50 crores.

Recruitment at Reliance Jio

Many professionals have joined Reliance Jio, recently. Former Director and Chief Marketing and Commerce Officer of XL Axiata, Pradeep Shrivastava, joined as the Chief Marketing Officer at Reliance Jio. Former Huawei India Devices Marketing Head, Anand Narang, joined as the Head of the Marketing Division. Former Reliance Communications Joint President and Chief Strategy Officer, Shamik Das, was appointed as the Chief Corporate Development Officer. Former Deutsche Telekom executive, Rainer Deutschmann was recruited as the Chief Products and Innovation Officer.

Former Vice President of Marketing of Coca-Cola, Anupama Ahluwalia, became the Marketing Head at Reliance Jio. Son of Mukesh Ambani, Akash Ambani was chosen as a board member. Besides, Reliance Jio also appointed former Zee Entertainment Enterprises Ltd. Head, K. Jayaraman as its CEO. Former CEO of Den Networks, S.N. Sharma also joined as a member of Reliance Jio’s leadership team.


Reliance Jio is gearing up for its commercial launch in December 2015. It thus achieved many developments in the FY 2014–2015.


Reliance Retail to Enter the E-commerce Market

June 16, 2015

The retail arm of Mukesh Ambani-led Reliance Industries is gearing up for its upcoming e-commerce venture. Reliance Retail will be launching its online shopping portal for fashion and lifestyle, grocery and business-to-business (B2B) verticals, by the end of this year.

Integration of services

The company’s telecom arm, Reliance Jio Infocomm will also be launching its 4G services, this year. Reliance Industries want to integrate the two services to offer a different experience to the customers.

“Reliance Retail this year will be embarking on its next phase of building a high-growth trajectory supported with e-commerce and larger geographic coverage,” Mukesh Ambani, Chairman of Reliance Industries said this while addressing shareholders at the company’s Annual General Meeting (AGM), held last week.

With its integration plans, Reliance Industries wants to offer anytime, anywhere and quick shopping to the customers. Reliance Jio will set up an advanced Internet infrastructure and the retailer will create a robust retail business. With the two, Reliance Industries will give a differentiated model of e-commerce to the country. Ambani also said that their model will smoothly integrate online and offline activities. The company will thus present a superior experience to the customers for services, delivery and payment.

E-commerce venture

Reliance Retail has already rolled out its grocery e-commerce initiative, The portal is in its pilot phase and has seen a huge success till now. The company expects it to bring in more success. Ambani mentioned that 2015 will see the advent of its e-commerce business in fashion and lifestyle. This will make fashion more accessible and trendy for the youth of the country.

Apart from fashion and grocery, Reliance Retail will be launching another e-commerce initiative relating to B2B sector. The company has seen a success in its physical B2B ventures. It will incorporate the same online. The company is launching Reliance Digital Market place. This is a platform that will help many small retailers like a strong supplier base, better supply chain productivity, product range, digital payment capability, credit capability and connectivity to customers.

Growth of Reliance Retail

In the Financial Year (FY) 2014 – 2015, Reliance Industries became the most profitable company, leaving behind State-owned Oil and Natural Gas Corporation (ONGC). It posted a consolidated net profit of around Rs. 23,500 crores.

In the previous year, Reliance Retail earned revenues around Rs. 17,000 crores. It also attained its highest profit of Rs. 784 crores. Although there are many challenges like the tough consumer environment, the retailer attained a compounded annual revenue growth of 31% in the last 5 years.Reliance Retail is looking to increase its presence of physical stores from 200 cities to 900 cities. Ambani said that they are expanding their retail business so that maximum people may benefit from organized retail. At present, Reliance Retail has 2,600 stores spread across 20 states and had employed around 50,000 people around the country.

Last year, Reliance Retail set up 930 new stores. On an average, this equals to adding five stores in 2 days. The company also created a fresh global benchmark by opening the maximum number of stores in a year.


Reliance Retail will give a stiff competition to e-commerce giants after it rolls out grocery, fashion, lifestyle and B2B portals.

Reliance Jio Announced as Title Sponsor for Mumbai Film Festival

June 11, 2015

In an announcement made on Wednesday, 10th June 11, 2015, Reliance Jio Infocomm was confirmed as the title sponsor for this year’s Mumbai Film Festival. The deal comes as a welcome respite to the organizers of the festival, the Mumbai Academy of Moving Images (MAMI) after the last minute hassles of last year. Star India has been announced as the associate sponsor. Jio, the digital wing of Reliance Industries will be sponsoring the event for the next three years.

Reliance to Promote Indian Cinema

The deal was made public at a press conference held on Wednesday. Eminent personalities related to the festival were in attendance, including Anupama Chopra who will be directing the festival, director Karan Johar who is also a MAMI board member, Siddharth Roy Kapoor the MD of Disney India, film producer Manish Mundra and Ajay Bijli, MD and chairman of PVR Cinemas.

Founder and Chairperson of Reliance foundation, Nita Ambani, was also present at the event. Speaking on the newly formed alliance between Reliance Jio and MAMI, she said it was an effort to bring global recognition and acclaim for the festival. She expressed faith in the young members organizing the festival and filling in the shoes of the recognized personalities of Hindi cinema, preceding them. Lauding the festival, Nita Ambani said the partnership was a step by Reliance to promote cinema and MAMI.

MAMI Set for the Festival

With the support from its title sponsor Reliance Jio and associate sponsor Star India, the dates for the 17th Mumbai Film Festival have been set from October 29 to November 5. The newly appointed chairperson of MAMI, director Kiran Rao shed light on the vision for an improved experience. She expressed the wish to establish a link between the different genres of cinema like art-house and mainstream films. The MAMI team aims to encourage a domestic and global market for indie as well as popular cinema. Ajay Bijli, MD and Chairperson, PVR Cinemas announced that 15 PVR screens would be reserved for the festival across the city. Drishyam, a company owned by producer Manish Mundra is to promote the distribution of the festival films.

Nita Ambani on Mumbai Indians

The partnership with MAMI is viewed as a step forward by the Reliance Foundation after supporting Mumbai Indians. The cricket team has been performing consistently well in the Indian Premier League (IPL) and the Champions League (CL) T20. In an interview, the team’s owner, founder and chairperson of Reliance Foundation, Nita Ambani commented on the team’s successful run. She said that the team worked towards creating an ‘aggressive yet responsible’ approach towards the sport. She attributed the turnaround in the team’s performance after 2010 to building a character and passionate attitude towards the game. The Reliance Foundation owned Mumbai Indians team has won accolades with its performance in the IPL and CLT20. The team has won the CLT20 twice in 2011 and 2013 and the IPL championship in 2013.


Reliance Jio has been announced as the title sponsor for the MAMI Film Festival, along with Star India as the associate sponsor.

RIL to Generate Additional Gas from KG-D6 Basin

June 3, 2015

The Oil Ministry presented its latest annual report, in which it mentioned that Mukesh Ambani-led Reliance Industries will be generating 23 million standard cubic meters per day (mmsmcd) of additional gas, by 2016 – 2017, from its five discoveries in KG-D6 block.

13 mmsmcd of gas will be obtained from its D-34 discovery alone and the rest 10 mmscmd of gas will be obtained from four satellite fields of D-2, D-6, D-19 and D-22 located in the eastern offshore Krishna Godavari basin block KG-D6.

At present, Reliance Industries along with UK’s BP plc.,and Canada’s Niko Resources produce natural gas from Dhirubhai-1 and 3 (D1&D3) and oil and gas from MA1 field in the KG-D6 block. In the last quarter of Financial Year (FY) 2014 – 2015, their gas output was 11.5 mmscmd on an average.

Statements from the Oil Ministry

Ministry informed that 254 blocks were given for exploration of oil and gas, since 1999. This was presented in nine rounds of New Exploration Licensing Policy (NELP). Out of these, only 96 are operational. The others have been abandoned as they have poor production capacity or there are obstacles for making them operational. The report further stated that till date, 135 hydrocarbon discoveries are done under NELP in a total of 46 blocks. This includes 46 crude oil and 89 natural gas discoveries.

The maximum number of discoveries is done by Reliance Industries. They have made 51 discoveries out of which 12 are of oil and 39 of gas. The company’s significant KG-DWN-98/3 or KG-D6 block consists of 19 oil and gas finds.The ministry also informed that some 22 NELP hydrocarbon discoveries are under development, at present and this may also contribute to the output.

The State-led Oil and Natural Gas Corp (ONGC) is a little behind with 45 discoveries. They have 14 oil and 31 gas discoveries. Gujarat State Petroleum Corp (GSPC) will generate 1 mmscmd from its Deendayal block KG-OSN-2003/1 in KG basin in the beginning and by 2016 – 2017, the same will reach at 5 mmscmd. The Ministry had invested $ 14.496 billion in the nine rounds of NELP. It said that all the investments have come in. It also said that $ 9.424 billion investment came in as expense for developing oil and gas finds, the most $ 7.76 billion in NELP-1. Majority of its development expenses in NELP-1 were in KG-D6 block.

Discoveries of Reliance Industries

It is said that Reliance Industries’ D-34 or R-Series discovery in KG-DWN-98/3 or KG-D6 block has 2.2 trillion cubic feet of reserves. The company is spending $ 3.18 to bring it to production.

Its four satellite gas discoveries of D-2, D-6, D-19 and D-22 have 617 billion cubic feet of reserves. All of the partners are spending $ 1.529 billion for developing these fields.

Reliance Industries and BP have satellite fields of D-29, D-30 and D-31, too. Besides, they also have MJ-1 field.The plans for field development, investment and production for MJ-1 have not been finalized.


Reliance Industries Limited to generate an addition 23 mmsmcd of gas from its five KG-D6 blocks by 2016 – 2017.