Reliance targets ₹4 lakh crore EBITDA by 2031, plots $4B Jio IPO and ₹1 lakh crore FMCG arm
At AGM, Reliance unveiled a doubling of EBITDA to ₹4 lakh crore by 2031, backed by ₹6.48 lakh crore in five-year investments. Jio Platforms files for ~$4B IPO with 524M subscribers, while Reliance Consumer Products targets ₹1 lakh crore FMCG revenue by FY30 alongside 120 GWh battery capacity build-out.
At its AGM, Reliance targeted doubling EBITDA to ₹4 lakh crore by 2031, announced Jio Platforms IPO (~$4 billion), and outlined plans to scale Reliance Consumer Products FMCG arm to ₹1 lakh crore by FY30.