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Reliance Industries’ telecom arm planning to launch 5G smartphone for less than Rs 5,000

19 Oct 2020 Evaluate

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) is planning to launch a 5G smartphone for less than Rs 5,000 and gradually reduce the price to Rs 2,500-3,000 a unit when it scales up the operation. The company will target 20-30 crore mobile phone users who use 2G connection at present.  At present, 5G smartphones are available in India in the price range starting from Rs 27,000.

Reliance Industries 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.

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Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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