Reliance Industries’ (RIL) 48th Annual General Meeting (AGM) was packed with key announcements, covering artificial intelligence, New Energy expansion, global partnerships, and the much-anticipated Jio IPO. These developments reinforce RIL’s vision of a technology-driven transformation and underline its leadership across critical sectors of the future.
Mukesh Ambani confirmed that the Jio IPO will launch in the first half of 2026, with market speculation pointing to a potential 10% share sale—possibly India’s largest IPO. RIL also unveiled a new AI-focused subsidiary, Reliance Intelligence, and announced a partnership with Meta, aiming to embed AI across its verticals.
The company reiterated its long-term commitment to the New Energy business, which Ambani believes could match the scale of its O2C segment. On the retail front, Isha Ambani said Reliance Retail aims for 20% CAGR over three years, with RCPL now a direct RIL subsidiary targeting ₹1 lakh crore revenue in five years.
Despite these announcements, RIL shares fell over 2%, driven by historical AGM-day trends, the delayed Jio IPO timeline, high capex levels, and weak market sentiment. However, analysts view this dip as a buying opportunity, highlighting RIL’s strong growth prospects and diversified portfolio.
