Reliance Industries Ltd.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has deposited Rs 14,000 crore as earnest money deposit (EMD) for the 5G spectrum auction. EMD amounts give a broad indication of the company’s plan for picking up the spectrum in an auction. The EMD determines the eligibility points, through which telcos target a specific amount of spectrum in a given circle.

With its EMD at Rs 14,000 crore, the eligibility points assigned to Reliance Jio Infocomm for the auction stand at 1,59,830.

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.