Ambani leans on O2C cash to fund Reliance's consumer pivot ahead of Jio IPO
At RIL's 49th AGM, Mukesh Ambani reaffirmed energy as the growth engine even as Jio Platforms readies an IPO. O2C, contributing 59.3% of FY25 revenue, will keep financing diversification into telecom, digital, retail and FMCG.
At RIL's 49th AGM, Mukesh Ambani outlined next-phase O2C and E&P growth even as the upcoming Jio Platforms IPO accelerates diversification into telecom, digital, retail and consumer goods, with legacy energy financing the consumer pivot.