Mukesh Ambani, the Chairman of Reliance Industries said that Reliance has become first Indian private sector company paying 9,844 crore tax and 26,312 crore of customs and excise duty(6.4% of India’s total collection).
While addressing the crowd and media at the Reliance Industries’ 41st Annual General Meeting Mukesh Ambani said, “the RIL posted a net profit of 36,075 crores, up by 20.6% compared to Rs 8,046 crore for the corresponding quarter of fiscal 2016-17.”
The company’s consolidated revenue stood at Rs 1,29,120 crore, up 39 percent during Q4 FY 18, compared to the Rs 92,889 crore in the previous quarter.
Reliance has also paid 42,553 crore GST in one year.
Mr. Ambani highlighted that Jio‘s subscribers doubled in one year from 124 million to 215 million till this FY18. He also said that We at Jio are committed to establishing India in one of the top 5 fixed broadband countries in the world.
Mukesh Ambani announced that there are more than 25 million Jio Phone users in India.
Reliance has key businesses like refining, petrochemicals, retail and digital services.