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Reliance Industries’ arm gets LoI for satellite communication services

13 Sep 2022 Evaluate

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has received a letter of intent (LoI) for its satellite unit from the Telecom Department for satellite communication services. The LoI was issued to Jio Satellite Communications (JSCL).

The Department of Telecom (DoT) has granted Letter of Intent for global mobile personal communication by satellite (GMPCS) services to the company. With this, the company can set up and operate the GMPCS services in the licensed service areas. The licences are for a period of 20 years (from the date of its grant after fulfilling stipulated conditions). The offering under GMPCS include voice and data services via satellite.

These mobile satellite networks can operate with low-earth orbit (LEO), medium Earth orbit (MEO) and Geosynchronous (GEO) satellites.

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.

Reliance Industries Share Price

1302.50 22.80 (1.78%)
10-Jul-2026 12:40 View Price Chart
Peers
Company Name CMP
Reliance Industries 1302.50
Indian Oil Corpn. 139.05
Bharat PetroleumCorp 311.65
HPCL 395.70
MRPL 160.20
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