- Reliance is set to gain $50bn in market value driven by AI infrastructure and clean energy business segments.
- Analysts expect strong returns from digital, retail and energy sectors as expansion plans continue.
What happened: Market value surge driven by AI and energy
Reliance Industries is expected to gain up to $50 billion in market value over the next year, according to analysts at Jefferies India. The rise is driven by optimism in its expanding AI infrastructure and clean energy investments. Reliance Jio’s efforts in building data centres and deploying 5G networks are seen as key enablers of growth in its digital arm.
The company is also progressing in solar, battery storage, and green hydrogen as part of its new energy strategy. Jefferies projects a 12% upside in stock value, potentially taking the group’s valuation to around $270 billion. The market is responding to its diversified approach across consumer, digital, and energy verticals. Recent structural shifts have also streamlined operations by merging digital and telecom infrastructure under unified units.
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Why this is important
Reliance’s move into AI infrastructure is aligned with India’s ambition to develop sovereign AI capacity, especially as demand for domestic data processing grows. This gives it a head start against rivals like Adani Group, who are also expanding into data centres and energy. As regulatory scrutiny on data sovereignty intensifies, local compute infrastructure is becoming more critical.
Its clean energy drive supports its 2035 net-zero goals and fits global ESG investing trends. Firms like BlackRock are focusing on sustainability-linked investments, potentially drawing more interest toward Reliance’s green business. The digital transformation of India’s economy, accelerated by government incentives for local manufacturing and digital access, also enhances prospects for its consumer platforms.
While execution risks exist, especially in green energy returns, Reliance’s position across AI, retail, and energy sectors allows it to benefit from long-term structural changes in India’s economy.
