Anant Ambani will start his new position as Government Director at Reliance Industries Restricted (RIL) on Might 1. The RIL Board of Administrators confirmed his appointment on Friday, granting him a five-year time period.
Anant Ambani will begin his new position as Government Director at Reliance on Might 1.(PTI )
The transfer is a part of the Ambani household’s ongoing plan to transition management to the subsequent era at India’s largest enterprise conglomerate.
Till now, Anant Ambani has served as a Non-Government Director. He’ll now assume govt duties and play a extra lively position in managing RIL, the corporate stated in a press release.
Anant, the youngest of the Ambani siblings, has been concerned within the firm’s initiatives associated to power and sustainability. Reliance has set a objective to realize net-zero carbon emissions by 2035. As a part of his position, Anant is engaged within the growth of unpolluted fuels and chemical substances, carbon seize applied sciences, recycling initiatives, and the enhancement of crude-to-chemical conversion processes.
Anant’s present position
Anant can be a board member of a number of main Reliance entities. He joined the board of Jio Platforms Restricted in March 2020, Reliance Retail Ventures Restricted in Might 2022, and Reliance New Vitality Restricted extra not too long ago.
On April 25, RIL reported a record-high annual consolidated income of ₹1,071,174 crore ($125.3 billion), marking a 7.1% improve in comparison with the earlier 12 months.
This rise in earnings was primarily pushed by sturdy development in Reliance’s consumer-focused companies and its oil-to-chemicals (O2C) division, the corporate stated following its Board assembly.
Reliance additionally turned the primary Indian agency to surpass a complete fairness worth of over ₹10 lakh crore within the monetary 12 months 2024–25, the corporate added.
A dividend of ₹5.5 per share was declared for the monetary 12 months ending March 2025.
Reliance’s consolidated EBITDA (earnings earlier than curiosity, tax, depreciation, and amortization) for the 12 months rose by 2.9% to ₹183,422 crore ($21.5 billion), largely because of sturdy efficiency from its consumer-facing companies.
Its annual consolidated revenue after tax and earnings from joint ventures additionally elevated by 2.9%, reaching ₹81,309 crore ($9.5 billion).
Mukesh Ambani said that in 2024–25, Reliance made important progress in renewable power and battery initiatives, additional strengthening its place in key industries.
(Inputs from ANI)