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3h ago

Reliance Sets Jio IPO Target for First Half of 2026 as Ambani Launches AI Drive

The conglomerate is pairing partnerships with Google and Meta with gigawatt-scale, green-powered data centres in Jamnagar to embed AI across its businesses.

RIL AGM
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RIL AGM 2025 today: Stock investors to track 5 things at 2 PM
'4x the Tesla gigafactory': In his debut RIL AGM speech, Anant Ambani teases Dhirubhai Ambani Giga Energy Complex at Jamnagar

Overview

  • Mukesh Ambani said Jio is making all arrangements to file for an IPO and is aiming to list in the first half of 2026, subject to regulatory approvals.
  • Reliance introduced a new wholly owned subsidiary, Reliance Intelligence, to build AI infrastructure, services and talent for India-focused applications.
  • Work has begun on gigawatt-scale, green-powered AI data centres in Jamnagar, and Google will develop a dedicated Jamnagar Cloud region for Reliance.
  • Reliance announced an AI joint venture with Meta to deliver India-focused, open-source-based enterprise AI, with specific financial terms not disclosed and variably reported by media.
  • Jio showcased consumer AI products including JioPC, a cloud-powered PC for any screen, and JioFrames, an AI-enabled wearable, as Ambani reiterated a goal to more than double EBITDA by 2027 and RIL shares fell about 2% after the AGM.