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Reliance Industries’ arm demonstrates satellite broadband to connect remotest corners of India

Reliance Industries Ltd. | Refineries | Oil & Gas | BSE: 500325 | NSE: RELIANCE

27 Oct 2023 Evaluate

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has successfully demonstrated India’s first satellite-based giga fiber service to provide high speed broadband services to previously inaccessible geographies within India. Jio demonstrated its new satellite broadband, called JioSpaceFiber, at India Mobile Congress. The service will be available across the length and breadth of the country at highly affordable prices.

Jio delivers high speed broadband fixed line and wireless services to over 450 million Indian consumers. To accelerate digital inclusivity for every household in India, Jio has added JioSpaceFiber to its premier lineup of broadband services, JioFiber and JioAirFiber. With Jio, consumers and businesses have unprecedented access to reliable, low latency and highspeed internet and entertainment services, regardless of location. The satellite network will also support additional capacity for mobile backhaul, further enhancing the availability and scale of Jio True5G in the remotest parts of the country.

Jio is partnering with SES to access the world’s latest in medium earth orbit (MEO) satellite technology, the only MEO constellation capable of delivering truly unique Gigabit, fiber-like services from space. With Jio having access to a combination of SES’ O3b and new O3b mPOWER satellites, it is the only company that offers game-changing technology, providing scalable and affordable broadband across all of India with a level of guaranteed reliability and service flexibility that is a first in the industry.

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

1370.45 5.35 (0.39%)

20-Apr-2026 11:22 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1370.45
Indian Oil Corp.	145.75
BPCL	311.10
HPCL	374.50
MRPL	180.60
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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Reliance Industries’ arm demonstrates satellite broadband to connect remotest corners of India

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Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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