Reliance Jio is conducting trials for 5G and exploring partnerships with global system integrators. It has also entered into partnerships with leading automobile OEMs to provide automotive solutions designed to deliver an array of consumer and enterprise services.
Jio 5G field trials have started at various locations with competitive positions and capabilities comparable with global Tier 1 vendors. Jio 5G is a comprehensive homegrown 5G stack for both Radio (5G NR) and Core Network (5G CN) compliant to latest standards.
Jio reported a 23.5 per cent growth in net profit at Rs 3,728 crore as telecom user revenue grew Rs 143.6 per month in the second quarter. It was Rs 138.4/month in the previous quarter. Reliance said it is working with Google to launch the low-priced smartphone JioPhone Next, to be available around Diwali.
Reliance Jio has also entered into partnerships with “leading automobile OEMs in both the two-wheeler and four-wheeler segments” to provide automotive solutions designed to deliver an array of consumer and enterprise services.
“Jio’s new-age connected vehicle solution is a combination of hardware, software and connectivity that will enable users to access trending infotainment and real time telematics on the go as it brings the benefits of digital life to a vehicle and to people on the move,” the company said.
Gas production
Natural gas production from the MJ field in the KG basin is expected to start flowing from the third quarter of 2022-23, RIL has said.
“MJ development project is on track for first gas by 3QFY23. The construction activities at various locations are progressing on schedule with the second offshore campaign expected to commence in 3QFY22,” RIL said in its second quarter earnings presentation.
The MJ-1 gas find is located about 2,000 metres directly below the Dhirubhai-1 and 3 (D1 and D3) fields — the first and the largest fields in KG-D6 block. MJ-1 is estimated to hold a minimum of 0.988 Trillion cubic feet (Tcf) of contingent resources. The field also has oil deposits which would be produced using a floating system called FPSO.
