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Mukesh Ambani's Address: Reliance's Vision for AI, Growth, and Infrastructure

Saturday, June 20, 2026
5 min read
Mukesh Ambani's Address: Reliance's Vision for AI, Growth, and Infrastructure

Mukesh Ambani’s address at the Annual General Meeting this Friday was packed. It covered everything from massive financial numbers to where Reliance is actually trying to go with artificial intelligence .

He started by acknowledging Prime Minister Modi, noting that he just hit twelve years in office, which is a big deal for him too. A necessary opener, I suppose.

Then the business stuff. The board of Jio Platforms approved the draft prospectus for their IPO. It felt like another huge milestone for Reliance and Indian tech overall. Ambani stressed that the goal isn't just money; it’s about building this whole AI infrastructure a platform, services for everyone: consumers, businesses, even governments.

The financials were staggering, of course. FY26 revenue hit a record ₹11.76 lakh crore. EBITDA? That also soared to a record ₹2.08 lakh crore. It more than doubled from the previous year’s levels. Net profit jumped 17.8%, hitting nearly ₹95,754 crore. And look at this: retail and digital businesses now account for almost half of that total EBITDA. That shift is real.

Jio itself is moving fast. Subscribers are up to 524 million. The 5G numbers are huge too 268 million subscribers. JioAirFiber managed to connect thirteen million homes. It’s relentless growth, you have to admit.

But the real focus seemed to be on AI infrastructure. Reliance is building this sovereign AI setup right there in Jamnagar. They’re aiming to commission a 120 MW AI compute facility by the end of 2026. And they aren't doing it alone; partnerships with Google, Meta, NVIDIA are central here. There are these platforms launching JioBharatIQ, JioHealthIQ, all those language-focused ones all aimed at integrating AI across twenty-two Indian languages. It’s a massive push into the localized digital space.

And then there’s the physical expansion continuing. Retail is still booming. They hit 20,160 outlets and served nearly two billion transactions in FY26 alone. Reliance Retail just announced an Advanced Manufacturing Platform trying to tackle those unorganized sectors like fresh fruits and vegetables with export platforms for global FMCG pushing. That’s a huge pivot happening there.

RCPL revenue also doubled, hitting ₹22,000 crore. They are trying to push products out across forty-plus countries now, aiming for a full lakh crore in revenue by 2030.

The energy side is equally intense. They got PV manufacturing lines running, and they’ve produced nearly one gigawatt of HJT solar modules already. The battery factory is set to kick off this year, targeting 120 GWh annually. And that Green ammonia supply deal with Samsung C&T? Three billion dollars signed. It feels like they are playing catch-up in the energy transition while still operating massive legacy systems.

Oil-to-Chemicals and Energy remains a huge chunk ₹6.62 lakh crore revenue, but investments are shifting into carbon fibre and PVC facilities now.

It’s not just corporate targets either. There was talk about jobs. They expect those Green energy projects to create 200,000 jobs. And they’re pushing hard for O2C operations to be carbon-neutral well ahead of India's big 2070 goal.

And then the foundation work. Maharashtra approved a new private university backed by Reliance. They are planning a permanent campus in Dronagiri 410 acres waiting. Healthcare modernization through projects like Seven Hills Hospital is underway. Even community space, like that Coastal Road Gardens project in Mumbai, spanning 130 acres with all those trees. It’s a lot of moving parts, trying to manage the tech boom while building out physical infrastructure too.

Written by Gree News Team — Senior Editorial Board

Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.

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