NEW DELHI: Mukesh D. Ambani, CM  and MD of Reliance Industries Limited has said that the Company's initiatives in digital connectivity and organised retail are driving greater efficiencies in the economy and contributing to India's emergence as one of the fastest-growing economies in the world.

Commenting on the results, Mukesh Ambani said Jio carries on to digitally empower millions of citizens across the cocuntry, extending True 5G reach to 2,300+ cities and towns in a short span of Six  months.

The Jio business continues to produce outstanding increase in operating profitability thanks to the consistent rise in the number of mobile and FTTH subscribers as well as an expanded selection of content and digital services.

"Retail business experienced great growth numbers supported by an increase in foot traffic, physical and digital footprint expansion, and growth in both. In order to guarantee that our consumers receive top-notch goods at reasonable rates, we continue to diversify our product offering throughout consumption baskets. The improvement of the shopping experience for customers is our retail team's unchanging priority, Ambani said.

Ambani said that despite worldwide unrest and delays in commodity trade flows, the O2C division recorded its highest-ever operational profit. Ambani said that the oil and gas sector "also delivered very strong growth" and is now prepared to provide close to 30% of India's domestic gas production.

This year, we suggested demerging our financial services division and registering the new company as Jio Financial Services Ltd. This offers our stockholders the chance to be a part of a dynamic new growth platform right from the start, Ambani  said

The construction of our New Energy mega plants in Jamnagar is moving along quite well. This puts us on track to accomplish our objectives of allowing sustainable growth and switching to cleaner energy. I am confident that Reliance's sizeable investments and strategic alliances in the renewable energy sector will contribute to a transformation of the global and Indian energy environment in the years to come," he said.

"Reliance Retail continues on the path of registering industry-leading growth year after year at a scale unmatched in India," said Isha M. Ambani, Executive Director of Reliance Retail Ventures Limited. At Reliance Retail, we are still dedicated to providing outstanding value to our clients while fostering sustainable growth for both our company and the ecosystem's different stakeholders. 

We have been able to achieve operational excellence and guide the evolution of India's retail sector because to our emphasis on customer-centricity, which is supported by investments in technology, innovation, and new business categories. With yet another year of solid revenue growth and profit performance, Reliance Retail demonstrated great success.

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