Posts Tagged ‘Reliance Retail’

RIL’s Petrochemical Business Completes an Expansion Plan of USD 16 Billion

January 3, 2018

Reliance Industries Limited (RIL) has completed its giant project, which was a massive petchem capex program. Mukesh Ambani, Chairman of RIL, said that this progress marks a paradigm shift in the business of petrochemical in terms of profitability.

Commissioning of the ROGC

Refinery off-gas cracker (ROGC) unit was commissioned, which lead to the completion of the largest capex of USD 16 billion in the RIL’s petrochemical business. This may double the revenue of the business. The refinery has a capacity of 1.5 million tons per annum (mtpa). This ROGC is world’s first downstream plan and marks a shift in sustainability and profitability of petrochemical business by RIL.

As input or feedstock, off-gases from two refineries at Jamnagar are used in this ROGC complex. This makes the cost of the raw materials nominal and boosts the profit margin of the company. It also allows them to compete with the low-cost producers of North America and the Middle East.

This ROGC plant will act as a link between the petrochemical units and refinery units run by RIL. To deliver high-value polymer, it will make propylene and ethylene from the off-gas refinery and this will go for further value addition.

Analysts have predicted that this unit’s commission is value accretive and the full impact can be seen in the next few quarters. RIL also has the capability to produce a range of PE grades that covers all end-uses in the market of India.

RIL said that the ROGC was built in record time with a capital cost that was approximately 40 percent lower as compared to other similar projects. It is also the latest addition to the cracker portfolio of RIL. The other cracker facilities of RIL are at Vadodara, Hazira, and Dahej in Gujarat and Nagothane in Maharashtra.

Ethylene plants and petrochemical business of RIL

Globally, there are 270 ethylene plants, according to RIL. The combined capacity is over 170 mtpa. After the commission of this unit, the total capacity of ethylene of RIL is 4 mtpa across five sites.

After doubling the ethylene capacity, RIL joins the league of top petrochemical producers in the world. With imported ethane and ROGC, RIL has one of the most flexible and competitive cracker portfolios.

The petchem division of RIL clocked revenue of INR 92, 472 crore in the year 2016-2017 with the operating profit of INR 12,990 crore. Industry watchers believed that the revenue and profits could surpass its core in refinery business due to the newly commissioned petchem units. 

Jamnagar manufacturing division

Mukesh Ambani led RIL’s Jamnagar manufacturing division is the world’s largest refining hub. It has a crude processing capacity of 1.24 million Barrels Per Stream Day (BPSD). It has also won several awards and is a trendsetter. This refinery exports fuels across the world to many countries and is ready for the future as it can produce petrol and gasoline of any grade.

Summary

RIL to complete the petchem expansion plan of USD 16 billion.

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RIL Celebrates 40 Years and the Company Owes it All to Dhirubhai Ambani

December 27, 2017

Mukesh Ambani said that the progress of Reliance Industries Limited (RIL) owes to his father and the founder, Dhirubhai Ambani.

Mukesh Ambani talks about his father

On the Reliance Family Day (RDF) and also the 40th anniversary of RIL, Ambani addressed his father as a timeless legend and an iconic Indian inspiration for all the generations. Ambani said that whatever RIL is today is because of his father. He stated that the company will remain true to his visions, principles, and ideals forever. He added that because of Dhirubhai Ambani, RIL has grown from a single employee to 2,50,000,  from a single city to 28,000 towns and cities and four lakh villages, and from an INR 1,000 company to over INR six lakh crore company.

Ambani’s message to the employees of RIL

Ambani talked about the employees who worked with his father and called them as the great pioneers of RIL. He said that these employees worked against the impossible and that too with meager resources. But still, these employees had the passion, ambition, humility, dedication, and the desire and dream to make the company the pride of India, he added.

RIL aims at being among the top 20 in the world

Ambani targets at being among the top 20 companies in the world. He said that the company aspires to become a global player in all the businesses it operates and become a leader in the clean and affordable energy.

The chairman said that the company is customer obsessed and Jio and Retail have captured the leadership positions in India. Jio has around 150 million customers and aims at transforming different sectors.

Other people speak about Dhirubhai Ambani and RIL

At the celebration, Nita Ambani said that the sons of the company will color the skies, the daughters will reach the stars, and the women will conquer new horizons.

Kokilaben Ambani was also present at the event and while congratulating his son, she wished a long life to the Reliance family.

Isha Ambani, daughter of Mukesh Ambani, said that Dhirubhai Ambani was the father of all the startups and in 1977 at the time of the start of RIL, he went to the common Indian man and said that the profit will be of the people and he will take the loss. This is wisdom that no one will ever teach, she added.

Amitabh Bachchan, the megastar of Bollywood was also present at the event. When talking about Dhirubhai Ambani, he said that he had no luxuries and was not the third or fourth generation of a businessman; he was the first and came among the top. He was a person that invented his own opportunities with his dreams.

About the event

The event was attended by over 50,000 people in Navi Mumbai at the Reliance Corporate Park. Over 2,00,000 employees joined the celebration via live video conferencing from more than 1,000 locations across the nation including the retail stores, Jio points, and manufacturing sites.

RDF has a tagline, “A family that works together celebrates together.” The celebration is going to last for a week and will end on 29th December.

Summary

RIL celebrates the 40th anniversary of the company as Reliance Family Day and Mukesh Ambani aims to be among the top 20 companies in the world.

RIL Plans to Expand its Retail Business

December 20, 2017

Mukesh Ambani led Reliance Industries Limited (RIL) is looking forward to expand its business-to-business play in the retail market by the distribution of white goods, Fast Moving Consumer Goods (FMCG), and apparel directly to kirana outlets and neighborhood as the company aims to capture a larger part of the market.

Reliance Retail’s expansion plan

Reliance Retail is planning to start the trail distribution of apparel from early next year and the vendors are already informed about it. This will be expanded into white goods and FMCG by April, next year.

Currently, organized retail in India has a total market share of 8 percent. Two of the senior executives of the industry said that the company wants to tap on the remaining 92 percent and it cannot achieve quick growth by only betting on the retail business, which is consumer-facing. An executive also said that although Reliance Retail will be starting with the private brands, it will soon expand into the mainstream brands, too. Another executive informed that the potential is huge as the distributors’ reach in small towns is limited.

Distribution for the retail market

RIL is planning to use the Jio network for Reliance Retail, wherein local shops and kiranas will receive the payments through JioMoney platform. It is also planning to offer additional help to small stores with financial support, merchandising operations, GST solutions, and also managing an efficient supply chain. The company plans to roll out the business of distribution in 10,000 towns and cities, where Jio is already present.

RIL’s distribution of smartphones

Mukesh Ambani led RIL has a good experience in distribution of smartphones. The first example can be of LYF smartphone, which was a successful business model. It started with its own brand and eventually did that for other brands as well. The private brands have witnessed success in its own outlets. An executive revealed that 23 percent sale in FMCG is of private brands.

During the July to September quarter in the business of distribution of smartphones, Reliance Retail joined hands with over 7.5 lakh retailers across the nation and sold over three million accessories and devices. This business gained such a large scale that the contribution of smartphones and electronics increased in the company’s turnover from 34 percent to 52 percent.

About Reliance Retail

Reliance Retail is a consumer-centric initiative, which has adopted a multi-prong strategy that operates supermarkets, neighborhood stores, wholesale cash and carry stores, online stores, and specialty stores. This has democratized access to a variety of services and products for different segments of consumers in India.

Reliance Retail operates Reliance Market stores, Reliance Fresh, and Reliance Smart in its grocery and food category. The consumer electronics category operates the Jio stores, Reliance Digital and Reliance Digital Express Mini stores. Reliance Retail also has a fashion category, which operates Trends Women, Reliance Footprint, AJIO.com, Reliance Jewels, Reliance Trends, and Project Eve.

There are 3,679 stores that are operated by Reliance Retail across 750 cities. In the financial year of 2016-2017, it reported a turnover of INR 33,765 crore.

Summary

Reliance Retail to expand its business-to-business distribution in white goods, FMCG, and apparel.

Data is the New Soil: Mukesh Ambani

December 6, 2017

At the HT Leadership Summit 2017, Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, spoke about how data connectivity and artificial intelligence will lead to a new industrial revolution; and how India offers the greatest investment opportunity in the world today.

Digital green revolution according to Ambani

Mukesh Ambani said that data is not only the new oil but also the new soil. According to him, there is a need and also an opportunity to create a digital green revolution using data.

Ambani’s definition of this digital green revolution covered the following points:

  • Mechanical services that are enabled digitally, which will benefit the farmers, regardless of their landholding
  • Fertilizers or pesticides enabled digitally to rejuvenate soil
  • Digitally enabled seed-to-crop process to get the best yield and increased income for farmers
  • Digitally enabled water management; and supply chain with full traceability, so that waste is removed at every stage and quality is assured

Mobile data and Jio

Further, Ambani spoke about Jio Infocomm and data consumption in the summit. Since its launch in September 2016, Jio posed tough competition in the telecom industry after offering free data and voice call offers. According to Ambani, the consumption of data has increased after this launch; catapulting India to the no. 1 rank for mobile broadband in the world, as compared to its earlier150th one.

Ambani believes that if Jio dons the mantle of leader then 19 lakh colleges, 700 universities, and 58,000 colleges in India will become digital.

India offers world’s greatest investment opportunity

Ambani believes that India offers the greatest investment opportunity across the globe. RIL backed his belief by investing USD 60 billion in the country when most other companies were investing abroad.

He expressed his conviction about data connectivity and artificial intelligence forming the base of the next industrial revolution; and how these could enable India to overtake even USA and China to become the largest economy in the world.

Further views on related topics

A few other notable points that Mukesh Ambani covered in his speech were:

  • Jio and artificial intelligence could serve to connect students from remote villages to faculty members from universities to deliver lectures
  • Data connectivity could help improve delivery of healthcare services remotely
  • Big data would prove to be a game-changer in the way business is done. Billions of data points would help anticipate and supply fulfillment of needs.
  • The Aadhar card has catapulted India decades ahead of even many advanced economies
  • Technology would provide an equitable and inclusive developmental model, based on good governance and a culture of empathy

Summary

Mukesh Ambani’s speech at the HT Leadership Summit 2017 emphasised how data connectivity and artificial intelligence would form the base of an industrial revolution and how India offered the greatest investment opportunity in the world.

All the Latest Reliance Jio Plans

November 1, 2017

Mukesh Ambani owned Reliance Jio has launched several prepaid plans for its customers. The plans come in varied price ranges and different validity periods.

Revising the data plans

Jio has been offering attractive offers and prices that customers can’t ignore. The company is offering a number of plans from a low price range to a high price range. The validity periods also vary, which makes it easier for users to select according to their data usage.

All the data plans by Jio

  • INR 19 plan

This plan is a one day plan and has 1.15GB data with 20 SMS and unlimited voice calls.

  • INR 52 plan

The INR 52 plan is a plan with unlimited high-speed data with a daily limit of 1.05GB. It has a validity of seven days and after exhausting the 1.05GB, the Internet speed will slow down to 64Kbps.

  • INR 98 plan

This plan of INR 98 has a validity of 14 days and users get a total of 2.1GB data. The daily data limit of this plan is 0.15GB, which means the speed will be reduced to 64Kbps after exhausting the daily limit.

  • INR 149 plan

This plan of INR 149 is has a validity of 28 days. It offers high-speed data of 4GB and also has a daily limit of 0.15GB, which means that the speed will reduce to 64Kbps after hitting the daily limit.

  • INR 309 plan

The INR 309 data plan has a validity of 49 days and it offers 1GB of data per day. If the user exhausts the daily limit then the Internet speed will be reduced to 64Kbps. This recharge also has unlimited voice calls and SMS.

  • INR 399 plan

This plan has a validity of 70 days and it offers 70GB of data. This plan has a daily limit of 1GB which means the speed of the Internet will be reduced to 64Kbps after exhausting the daily limit.

  • INR 459 plan

The INR 459 plan offers 84GB of data with a validity of 84 days. This plan also has a daily limit of 1GB and the Internet speed will be reduced to 64Kbps after exhausting the daily limit.

  • INR 499 plan

This plan has a validity of 91 days and offers 91GB. It also has a daily limit of 1GB post which the speed of the Internet will be reduced to 64Kbps. This plan also has unlimited voice calls and SMS.

  • INR 799 plan

This plan offers 3GB of data per day to its customers. The total data a user gets is 84GB. This plan has a daily limit of 3GB and the speed will be reduced to 64Kbps after exhausting the daily limit.

  • INR 999 plan

Under this plan, users will get 60GB Internet data with 4G speed for a period of 90 days. This plan has no daily limit, so it is perfect for people who have high data usage.

Summary

Mukesh Ambani led Jio has revised its prepaid data plans.

Mukesh Ambani Bags “Business Leader of the Year” Award

September 12, 2017

For the second time, Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL) has been chosen as the “Business Leader of the Year” at the Economic Times (ET) Awards for his corporate excellence. He had won the same award back in 2006.

In the first round itself, Ambani received seven votes. His nearest rival had received four votes. The jury unanimously selected Ambani recognizing the disruption he created and the way he revolutionized the telecom and refinery industries in India.

Recent achievements of Mukesh Ambani

Since the past year, Ambani has added a number of achievements to his credit. He took his company and stocks to a new height. He also spearheaded the successful launch of the company’s game-changing ventures, shook the telecom market, stabilized fuel retail, and delivered top-class performance from RIL’s Jamnagar refinery.

Recently in August 2017, the shares of RIL witnessed a surge. Due to this, Ambani was able to add USD 12.5 billion to his wealth. This made him the second richest businessman in Asia, as per the Bloomberg billionaire’s index. His total wealth was accounted as USD 35 billion, which made him the 19th richest person in the world.

Reliance Jio’s success

In the past few years, Ambani has made huge capital investments. These investments are now adding to the company’s cash flows. One such major investment was in the telecom venture, Reliance Jio.

The launch of Reliance Jio in September 2016 played a major role in transforming the shape of the Indian telecom and digital market. The telecom company attracted millions of customers with its offering of free data at the beginning and low data packages now. The company also offers free lifetime voice calling and other services to its users.

In partnership with RIL’s retail arm, Reliance Jio has now announced India’s first-ever 4G VoLTE feature phone. The phone is available at a refundable price of INR 1,500 and is marketed as an “effectively free” product. Analysts predict that this move will help the company to break even before the expected time.

Growth of RIL’s oil and gas business

Mukesh Ambani is renowned for implementing world-class projects in his oil and gas business. In the 1990s, he led the creation of RIL’s Jamnagar refinery, which is the largest in the world. He has expanded the company’s refining capacity since then to reach 1.24 million barrels per day. In the April-June 2017 quarter, the net profit of RIL crossed the INR 9,000 crore-mark. Its refining margin was around two times higher than that of other similar Asian companies.

Out of Ambani’s 40 years as an RIL board member, last year has been the most significant one. The company withstood serious disputes on regulatory matters with the oil ministry and resolved them. This eventually led it to make the recent big announcement of investing USD 6 billion for the production of natural gas from KG-basin’s deep-sea fields. Besides, the company has also revived its network of petrol pumps, which resulted in it recording higher sales than the industry average.

Summary

For the second time, Mukesh Ambani won the title of “Business Leader of the Year” at the Economic Times Awards.

Reliance Jio Creates Several Records

September 8, 2017

In one year of its operation, the Mukesh Ambani-led Reliance Jio created and broke a number of records. These records are not only at the national level but also globally. The company has received 130 million customers in one year.

Impact of Reliance Jio

Reliance Jio began its operations on 5th September 2016, disrupting the Indian telecom market as it did. The telecom company offered unlimited 4G data, voice calls, and other services at no cost for the first three months. It then extended its free service for another three months. Reliance Jio witnessed the fastest growth ever made by any technology company as it garnered 100 million customers within 170 days of its launch.

In the month following Jio’s launch, the subscriber addition touched its peak. In October 2016, the telecom subscriber base in India surpassed the 1.1 billion mark. The month saw the highest customer addition of about 29 million. Reliance Jio alone registered an addition of 19.63 million customers in that month.

An official from the company revealed that in this one year, India’s mobile data consumption has increased from 20 crore gigabytes to more than 150 crore gigabytes per month. Jio customers alone consume 125 crore gigabytes of data every month, the official added.

Post the launch of Reliance Jio, the price of 1GB mobile data reduced to less than INR 10. Earlier, INR 250 was charged by other telecom operators.

According to Chairman Mukesh Ambani, India jumped from 155th rank to the first rank with regards to mobile data consumption. He said that Jio is the first and only exabyte telecom business in the world that has more than 100 crore gigabytes of data being consumed on its network. It already carries five times more data than all the other Indian telecom networks combined, he added.

According to data issued by the Telecom Regulatory Authority of India (TRAI), at the end of June 2017, Jio registered 123.36 million subscribers.

Mukesh Ambani’s appreciation

To mark the occasion of the company’s first anniversary, Mukesh Ambani sent a letter to his employees appreciating their efforts. He said that employees’ have tirelessly worked to establish the infrastructure and technology and that their efforts to keep 130 million users satisfied is commendable. He stated that their efforts have made Jio a customer-obsessed company.

Mukesh Ambani told his team that they have broken a number of records in this one year. He congratulated and thanked each one of them for their commitment towards the mission of making India lead in the digital world. The chairman also told his employees that he is looking forward to creating more records while accomplishing this collective dream.

Mukesh Ambani stated that together they have established an end-to-end all IP 4G network, which is the largest in the world. He emphasized that Jio has busted the myth that India is not prepared for advanced technology. This, for him, is the biggest personal satisfaction. He believes that the way India has adopted the 4G technology is a case study for quantum technology leaps.

Summary

In one year of its service, Reliance Jio created a number of records in India as well as at the global level.

1 Year of Reliance Jio

September 6, 2017

Reliance Jio completed a year post its launch on 5th September 2016. The telecom company is completely based on the 4G VoLTE network. Currently, it has more than 130 million subscribers.

Welcome Offer and Happy New Year Offer

In 2016, Chairman Mukesh Ambani launched Reliance Jio with the Welcome Offer. He announced free data, voice calls, SMS, and roaming services for all its users for four months. From January 2017, the offer got a three-month extension and it was known as the Happy New Year Offer. The Happy New Year Offer was valid until 31st March 2017 and came with a Fair Usage Policy (FUP) limit of 1GB data per day.

Jio Prime

In February 2017, Mukesh Ambani announced the Jio Prime membership at a one-year fee of INR 99. Users were asked to enroll for the same in March. The deadline was later extended to 15th April.

The chairman also announced data tariffs applicable from the start of April. Prime members enjoyed additional benefits at the same price in comparison with non-Prime members.

Summer Surprise Offer and Jio Dhan Dhana Dhan

The Summer Surprise Offer launched in April provided the benefits of Happy New Year Offer for another three months on a recharge of INR 303 or more. However, post a Telecom Regulatory Authority of India (TRAI) order, the company withdrew the offer. It then repackaged it and launched the Jio Dhan Dhana Dhan plan.

The Jio Dhan Dhana Dhan offered 1GB data per day at INR 309 or 2GB data per day at INR 509. These plans had a validity of three months on the first recharge.

Recently, the company has revamped its prepaid and postpaid plans. It has also introduced new plans at INR 349 and INR 399. On an average, Jio is offering 1GB data at INR 50, which is quite an affordable tariff.

Impact of Reliance Jio

Owing to Reliance Jio’s entry, India has made a lot of progress in terms of data usage. Some of the statistics and facts to back this up are as follows:

  • India is the biggest data consumption hub for websites like WhatsApp, Facebook, Google, and YouTube, among others
  • Facebook and Google have added 70 million users after Jio’s launch
  • India consumes over 100 crore gigabytes of data and streams videos up to 165 crore hours, every month
  • The country makes voice calls of around 250 crore minutes every day
  • India’s broadband subscriber base was 282 million on 30th June 2017 as against 154 million on 31st August 2016

Reliance Jio Phones

Mukesh Ambani led Reliance Jio offers a range of smartphones under its brand, LYF. They are categorized into Earth, Flame, Wind, and Water series. The prices of the devices start from INR 2,999 and go up to INR 19,999.

The company has recently announced the first-of-its-kind 4G VoLTE feature phone. The JioPhone allows users to access the Internet and make free voice calls. Priced at INR 1,500, the phone received around six million pre-registrations in a single day. It is expected to reach stores by the end of September.

Summary

Reliance Jio completed one year since its launch, which was on 5th September 2016.

All You Need to Know about the New JioPhone

July 26, 2017

Reliance Jio recently launched a new feature phone on 21st July 2017. This phone is expected to cause a huge disruption in the country.

Disrupter in the telecom and feature phone markets

Jio has been known as a disrupter in the telecom market. It started with free offers, discounts, and competitive tariffs that made 4G Internet affordable in the country.

Now, its JioPhone may disrupt the feature phone market as it is expected to bring over 500 million feature phone users to Jio. The phone has effectively priced as free. Reliance Jio Chairman Mukesh Ambani revealed that the buyers of JioPhone will have to pay a deposit of INR 1,500 and this amount will be refundable. The phone is also packed with a number of smartphone-like features.

Features of JioPhone

Here are some of the features of JioPhone:

  • VoLTE

With the JioPhone, you may make high-definition (HD) voice calls. While most feature phones support only 2G networks, the JioPhone is the first feature phone to support 4G LTE and VoLTE. The VoLTE support in this phone lets you make voice calls using data packets.

  • Jio Apps

You will be able to access the Jio app suite with this phone. You may chat with friends and family using the JioChat app, which is an instant messaging app. The phone also supports music and video apps that let you access and play online videos and music. This is a huge addition in comparison to other feature phones.

  • Voice Commands

The phone supports voice commands. It lets you make calls, send text messages, and ask for audio and video playbacks via the Jio apps, through your voice.

  • Near Field Communication (NFC)

JioPhones are soon going to roll out a new feature in which you will be able to make online transactions via your bank account, Jan Dhan account, and the Jio money app.

  • Distress feature

JioPhone’s distress call feature may be activated by long pressing number 5 on the phone’s alphanumeric keypad. After this, the phone will send a distress message to selected contacts.

  • Screen Mirroring

JioPhone will come with a product known as a TV cable. This cable will connect the JioPhone to any TV set like LCDs, smart TVs, and CRTs. Through this, you will be able to mirror online videos running on your phone on the TV screen. This feature will work only if the user recharges with the INR 309 Jio Dhan Dhana Dhan plan.

Specifications of JioPhone

JioPhone has a 2.4-inch QVGA screen. It has an alphanumeric keypad and four-way navigation key. The phone has an FM radio, torch light, microSD card slot, and a camera. It is powered by a Qualcomm Snapdragon 205 processor.

About Reliance Jio

Mukesh Ambani led Reliance Jio is the telecom arm of Reliance Industries Limited (RIL). The company was launched in September 2016 and has since then seen rapid growth.

Summary

Reliance Jio has released a new feature phone called JioPhone. It has smartphone-like features and is expected to disrupt the feature phone market.

RIL Becomes the Most Honored Company while Jio Offers Discounts on its Smartphones

July 19, 2017

Mukesh Ambani’s Reliance Industries Limited (RIL) has added another recognition to its growing list of awards. The company was recently given the title of the Most Honored Company for 2017 in the oil and gas sector in Asia.

Institutional Investor Magazine survey

The survey was taken by Institutional Investor Magazine. The magazine took feedback from top fund managers and analysts from the buy side as well as the sell side. RIL’s Srikanth Venkatachari, the Joint Chief Financial Officer (CFO) and Alok Agarwal, the CFO of RIL were voted as the third best in the Best CFO category. Hemen Modi, the Head of Investor Relations at RIL was ranked as the second highest person in the Best Investor Relations Professional category.

About Institutional Investor Magazine

The Institutional Investor Magazine is a financial publication. The magazine has a global circulation of around 115,000 and publishes two editions—an American edition and an International edition. The magazine also offers propriety research, ranking, and a host of other important financial information.

About RIL

RIL is a conglomerate of a number of companies whose activities include petrochemicals, refinery, lifestyle products, telecommunications, and more. It is the largest private sector corporation in India. It is also a Fortune 500 company. The company was founded by Dhirubhai Ambani and its current chairman is Mukesh Ambani.

Apart from its oil and gas company, RIL’s telecom arm, Reliance Jio Infocomm is also doing well in the Indian telecom market.

Jio’s new plans

The new Jio Dhan Dhana Dhan plan announced by the telecom company is 33 percent costlier than the previous one. However, to save customers from disappointment, the company has decided to greatly decrease the prices of its LYF branded phones.

Prices of LYF phones

Mukesh Ambani led Reliance Jio has made its LYF smartphones cheaper by up to 60 percent. All LYF smartphones are 4G-enabled. Here is a list of how much the smartphones cost now and how much you will be able to save by buying them at a discounted price:

  • LYF F1 Black

Originally priced at INR 16,499, the phone now costs INR 9,499. This means that you will be able to save INR 7000 due to the 42 percent discount.

  • LYF F1S Black

Originally priced at INR 20,249, the phone now costs INR 9,499. This means that you will be able to save INR 10,750 due to the 53 percent discount.

  • LYF Water 1 White

This smartphone happens to be the best deal on the website. Originally priced at INR 17,399, the phone now costs INR 6,898. This means that you will be able to save INR 10,501 due to the 60 percent discount.

  • LYF Water 11 Gold

Originally priced at INR 11,699, the phone now costs INR 7,249. This means that you will be able to save INR 4,460.

There are discounts available on other smartphones, too on the official Jio and LYF websites.

Summary

Reliance Industries Limited (RIL) was recently awarded the title of the Most Honored Company by the Institutional Investor Magazine. Apart from this, its telecom arm, Reliance Jio is offering heavy discounts on its LYF branded smartphones.