Mumbai, October 27 (Monday): Shares of Reliance Industries Ltd rose 1.06% to ₹1,467 in Monday’s session after reports revealed the company’s ambitious plans to invest $12–15 billion in artificial intelligence (AI) infrastructure. The stock gained ₹15.40 from its previous close of ₹1,451.60, taking its market capitalization to ₹19.85 trillion on the NSE.
According to Morgan Stanley estimates, this large-scale AI initiative could propel Reliance’s emerging AI vertical to a $30 billion valuation by 2027. The conglomerate’s move underscores its growing focus on digital and technological transformation, positioning it among the world’s leading players in AI infrastructure.
Strategic partnerships and investments
Reliance has taken several key steps to expand its AI footprint:
- Joint venture with Meta: The company has formed Reliance Enterprise Intelligence Limited (REIL), in which Meta holds a 30% stake, committing ₹855 crore for enterprise AI services.
- Datacenter capacity: Reliance plans to underwrite about 25% of its 1-gigawatt datacenter capacity, with the rest offered as Datacenter-as-a-Service to hyperscalers.
- Collaborations: It is partnering with Meta, Google, and Azure to utilize 100-megawatt Gen AI datacenter capacity for enterprise AI demand.
- Google Cloud partnership: Reliance also announced plans to establish a new AI-focused cloud region in collaboration with Google Cloud.
Two-track strategy
The company’s AI roadmap operates on two parallel fronts:
- Enterprise AI Services – leveraging datacenter infrastructure and cloud partnerships to deliver scalable AI solutions.
- Renewable energy integration – linking AI infrastructure with 100 gigawatts of solar panel capacity, aligning with Reliance’s sustainability goals.
Financial projections and growth outlook
| Metric | Projection |
|---|---|
| Annual revenue per megawatt | $1.5–1.6 million |
| Return on initial investment | 11% |
| Potential AI vertical valuation by 2027 | $30 billion |
Competitive landscape
Reliance’s new entity, Reliance Intelligence, aims to compete directly with global tech giants like Meta and Google, even as it partners with them for infrastructure development. Construction on the gigawatt-scale datacenter in Jamnagar has already begun, marking a crucial step in Reliance’s shift toward becoming a leading AI infrastructure provider.
Stock Update:
- Current Price: ₹1,467
- Change: +1.06% (+₹15.40)
- Market Cap: ₹19.85 trillion
- Day Range: ₹1,458 – ₹1,467.70
- Year Range: ₹1,114.85 – ₹1,551.00
- P/E Ratio: 23.89
- Dividend Yield: 0.37%
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