Reliance AGM 2025: AI, Jio IPO, and a Clean Energy Future

If you’ve been following Reliance’s journey, you’ll know that its Annual General Meeting (AGM) is never just another corporate ritual. It’s often a stage where Mukesh Ambani outlines the company’s big bets for India’s future. The 48th AGM of Reliance Industries Limited (RIL), held on August 29, 2025, was no exception.

This year’s meeting was packed with announcements around three themes: Artificial Intelligence, the Jio IPO, and the clean energy push. Let’s walk through the highlights.

1. The Big AI Leap: Reliance Intelligence

Mukesh Ambani called Artificial Intelligence the new “Kamdhenu”—a divine cow that fulfills wishes—emphasizing its potential to create value at scale. Reliance announced the launch of a new subsidiary, Reliance Intelligence, with four missions:

• Building gigawatt-scale AI data centers powered by green energy.

   

• Partnering with global leaders.

   

• Delivering simple, accessible AI tools for businesses and consumers.

   

• Attracting top global AI talent.

   

And Reliance isn’t starting small. Two huge partnerships were unveiled:

• Google: Building a dedicated AI-ready cloud region in Jamnagar, powered by renewable energy and Jio’s network.

   

• Meta: A $100 million joint venture, giving Reliance a 70% stake, to deliver open-source AI models like Llama to Indian businesses.

   

On the consumer front, Reliance introduced JioPC, a cloud-based AI computer, and JioFrames, smart glasses with built-in AI capabilities. It feels like Reliance is preparing to take AI out of labs and into everyday Indian life.

2. Jio IPO: Unlocking Value in 2026

Investors have been waiting years for clarity on Jio’s public listing. Ambani finally confirmed that Jio will go public in the first half of 2026, subject to regulatory approvals.

Why is this such a big deal?

• Jio has already crossed 500 million subscribers, making it one of the largest telecom operators globally.

   

• Analysts expect the IPO to be India’s biggest, potentially valuing Jio at over $112–146 billion, with a fundraising target of around $6 billion.

   

Of course, not everything is rosy. Market watchers flagged a possible “holding company discount” after the IPO, meaning Reliance’s own shares might trade lower than Jio’s true value because of how ownership is structured. That’s partly why RIL’s stock dipped about 2% after the AGM. Still, in the long run, this IPO could open doors for global investors and unlock huge value.

3. Energy Transformation: Betting on a Green Future

Anant Ambani, leading Reliance’s New Energy division, outlined some bold plans. The company sees this segment becoming as large as its Oil-to-Chemicals (O2C) business within 5–7 years.

Here’s what stood out:

• ₹75,000 crore investment earmarked for projects in Nagothane, Dahej, and Palghar.

   

• A battery gigafactory starting operations in 2026.

   

• Expansion of the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, including solar PV, battery storage, electrolyzers, and hydrogen.

   

• Ambition to produce 3 million tonnes of green hydrogen annually by 2032.

   

Reliance is clearly aligning with India’s push for clean energy independence.

4. Retail & Consumer Push

Reliance’s FMCG arm, Reliance Consumer Products Ltd (RCPL), is being made a direct subsidiary. It already clocked ₹11,500 crore in revenue in its very first year, and has set itself the audacious goal of hitting ₹1 lakh crore in five years. That’s a serious challenge to established consumer giants.

5. Financials & Commitments

On the financial side, Reliance posted strong numbers:

• Q1 FY26 net profit jumped 78% YoY, reaching ₹26,994 crore.

   

• FY25 revenue crossed $125 billion, making RIL not just India’s largest company but one of the top global players.

   

Mukesh Ambani also underlined Reliance’s social commitments:

• The Reliance Foundation touched over 23 million children through education programs.

   

• CSR spending for FY25 rose to ₹2,156 crore.

   

6. Vision for India’s Future

Ambani’s larger message was about India entering a “21st-century golden age” driven not by scarcity but abundance. For him, the three pillars are AI, clean energy, and genomics. He also reminded everyone that Reliance has gone from being a Fortune 1000 company to a Fortune 40 global powerhouse, creating more than $200 billion in value anchored in India.

Wrapping It Up

The Reliance AGM 2025 wasn’t just a corporate update. It felt more like a manifesto for India’s economic and technological future. Whether it’s through AI-powered devices, the long-awaited Jio IPO, or massive clean-energy projects, Reliance is positioning itself at the crossroads of technology, sustainability, and consumer growth.

If one thing is clear, it’s that Mukesh Ambani wants Reliance to be more than a business empire—he wants it to be an engine for India’s transformation.