MoneyWorks4Me

RIL’s telecom arm planning to cover 99% population by end of FY19

08 Jun 2018 Evaluate

Reliance Industries’ (RIL’s) telecom arm Reliance Jio is looking at covering 99% of India's population by the end of the current fiscal year (2018-19). The company has built India's largest next generation all-IP data network with latest 4G LTE technology which is ready to deploy 5G technology and beyond.

The company reported to have 186.6 million subscribers as on March 31, 2018, up by around 83 million compared to 2016-17, with average revenue per user of Rs 137 per month. 

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1180.40
Indian Oil Corpn. 127.60
Bharat PetroleumCorp 287.80
HPCL 331.95
MRPL 172.30
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