Here are the key takeaways from Mukesh Ambani’s speech at the Reliance Industries Ltd’s (RIL’s) 41st annual general meeting (AGM) held in Mumbai on Friday.

-- RIL will commercially launch its much awaited telecom services Reliance Jio starting December

-- 2016-17 will be the first full fiscal year for telecom services offered by R-Jio

-- R-Jio is now present in all 29 states in India and will cover 80% of the Indian population this year, while the entire Indian population will be covered within the next three years.

-- Will spend 2 trillion in fresh capacities over the next 12-18 months.

-- Full benefit of the investments will be realized starting fiscal year 2016-17.

-- RIL’s 1 trillion investments in the last fiscal year were the highest by any Indian firm in a year.

-- Ambani announced ambitious plans to expand its retail business, saying that the company will expand its network from 200 outlets to 900 outlets over the next year.

-- RIL to roll-out differentiated e-commerce model which will integrate online and offline retail

-- Combined retail and e-commerce business to grow 30-50% annually

-- RIL will revive its entire fuel retail network by the end of 2015-16

-- RIL’s exporation and production business has generated return on capital which is lower than the cost of capital. Future investments in this business depend on shareholder support to this business.

-- The board is committed to rewarding shareholders with a combination of dividend bonus and buyback after the completion of the investment cycle.

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