Reliance Industries Limited (RIL) is set to unlock significant shareholder value through its aggressive expansion into clean energy and artificial intelligence infrastructure, with analysts at Morgan Stanley projecting a potential $50 billion boost in the company’s market capitalization. Already one of India’s most valuable companies, with a market worth exceeding $240 billion, Reliance is entering a new phase of growth, driven by long-term investments across energy transition technologies and next-generation digital infrastructure. The company, led by Mukesh Ambani, is laying the foundation for what it sees as its most transformative ventures to date.
According to Morgan Stanley’s latest report, Reliance’s new energy initiatives — particularly its plan to generate, store, and utilize renewable electricity across verticals like refining, chemicals, and data centers — could alone contribute up to $60 billion in value over time. These efforts are part of a larger strategy to future-proof the business and align with global shifts toward sustainable and digital economies.
A key part of this strategy is the integration of Generative AI (Gen AI) into Reliance’s operations. The company is upgrading its massive Jamnagar facility to become a hub for AI computing, where clean energy will directly power data centers and high-performance computing infrastructure. The site will eventually host 1GW of data center capacity, supported by approximately 1.3GW of continuous green energy.
To make this possible, Reliance is rapidly expanding its renewable energy footprint. It has begun manufacturing lithium iron phosphate (LFP) batteries and is moving forward with green hydrogen production, all anchored around a 2,000-acre clean energy complex in Gujarat.
These efforts will be crucial to supplying uninterrupted power to data infrastructure — a growing global challenge in scaling AI technologies. By the end of 2026, Reliance aims to install 10 gigawatts of solar power, a milestone that will help support its AI and digital operations while advancing India’s positioning as a competitive data center destination on the global map.
The company also revealed more details during its third quarter FY2025 earnings call, highlighting its vision to develop a nationwide AI infrastructure network. This includes plans to deploy NVIDIA’s Blackwell AI chips within its upcoming facilities, reinforcing Reliance’s intent to become a leading force in India’s AI and digital transformation.
As RIL ramps up investments in this dual focus — clean power and AI computing — analysts and stakeholders alike are watching closely. The company believes these sectors will not only fuel long-term returns but also shape the future of energy and technology in India and beyond.
