Mukesh Ambani on data pricing
From Mr. Mukesh Ambani - Reliance Jio Launch Full Speech · · The Honest Indian
“The current market practice is to charge for data a base rate of between 4,000 and 10,000 rupees a gigabit. Jio will have a base rate which is one tenth of this. Our data plans go even further with an effective rate of data of only 5 paise per MB or 50 rupees a GB. And the more data you use, lower the rate. I believe that these are the absolute lowest data rates anywhere in the world.”
On , Mukesh Ambani, Chairman & Managing Director at Reliance Industries, spoke about data pricing during Mr. Mukesh Ambani - Reliance Jio Launch Full Speech on The Honest Indian.
About Mukesh Ambani
During Reliance Industries' Q4 FY26 earnings conference call on April 29, 2026, Mukesh Ambani described the macroeconomic environment as "totally unprecedented," noting that Dubai crude surged to $168 per barrel and LNG prices rose to about $27 per mmBtu. He cited a supply shock impacting industry and consumer confidence, along with rupee depreciation of 11% for the year and 4% in March, as areas of concern. Ambani also mentioned that insurance premiums for shipping had risen from a few thousand dollars to as high as $65,000 or more due to the warlike situation. Ambani stated that Reliance had secured crude cargoes from diverse sources including Venezuela, Russia, Brazil, and Mexico, leveraging its ability to process over 200 grades of crude. He highlighted the signing of what he called "one of the world's largest green ammonia supply contracts" with Samsung CND, and said the government had formed a joint working group to ensure critical sectors are not starved of feedstocks, with exceptions being made from the LPG control order. For the company's telecom business, Ambani identified priority areas as gaining market share in mobility, home services, and enterprises, as well as scaling up recently launched digital services.