Reliance Industries
**AGM summery**
-JioFiber commercial services will be launched on September 5
-Company can grow EBITDA by 15 percent annually over the next 5 years
-Target is to become zero net-debt company in next 18 months
-Jio & Reliance Retail move towards listing within the next 5 years
-Saudi Aramco will acquire a 20 percent stake in the oil-to-chemical business with an enterprise value of $75 billion
-Joint venture with BP will invest Rs 35,000 crore in KG-D6
-Jio achieving 500 million subscribers is well within the company's grasp
-Divested Rs 1.25 lakh crore of hard infrastructure into InvITs to unlock value
-Ready to kickstart 4 engines: Internet of Things (IoT), Home Broadband, Enterprise & MSME Broadband
-Jio's IoT platform to be available from January 1, 2020
-Aim to complete Jio GigaFiber within 12 months