Reliance Industries (RIGD.L) Stock; Climbs as Company Commits $110B to AI and Chip Projects

TLDRs;

Reliance Industries plans a $110 billion AI infrastructure investment over seven years, boosting India’s tech ambitions.
Company pairs data centers with renewable energy, ensuring flexible returns even if AI computing demand slows.
India draws global tech leaders as AI expansion aims to make the country a key innovation hub.
Chipmaking and cloud projects align with national strategies to compete with the U.S. and China in AI technology.

New Delhi, India – Reliance Industries (RIGD.L) saw its stock rise slightly on Monday following a major announcement that the conglomerate, led by Mukesh Ambani, plans to invest up to 10 trillion rupees (roughly US$110 billion) in artificial intelligence infrastructure over the next seven years.

The investment, made through Reliance and its telecom unit Reliance Jio Infocomm, signals the company’s ambition to position India as a global AI hub.

Massive AI Infrastructure Buildout

The announcement came during the AI Impact Summit in New Delhi, a conference attracting global tech leaders such as Google CEO Sundar Pichai and OpenAI co-founder Sam Altman. The $110 billion plan includes the construction of new data centers, AI computing facilities, and related infrastructure across India.

Reliance Industries Limited, RIGD.L

Analysts suggest this massive expansion could significantly enhance India’s capabilities in AI inference, or the day-to-day running of AI models, even if foundational AI model training continues to be led by the United States.

Renewable Energy Integration

Reliance’s approach pairs its AI data centers with renewable energy projects to mitigate the financial risks of large upfront investments. By generating electricity alongside AI computing operations, the company can sell excess power back to the grid if demand for AI slows, ensuring steady returns.

This strategy mirrors efforts by other Indian conglomerates, such as the Adani Group, which is tying its data center expansion to a 30-gigawatt renewable energy park in Gujarat, more than 10 gigawatts of which is already operational.

Attracting Global Tech Investments

India is seeking to draw more than US$200 billion in AI-related investments over the next two years. Reliance’s move complements other significant projects, such as Google’s $15 billion AI infrastructure hub at Visakhapatnam in partnership with AdaniConnex, and Amazon’s $12.7 billion cloud infrastructure initiative running through 2030.

Reliance Industries and Jio will invest Rs 10 lakh crore to build India’s sovereign AI infrastructure, scale green energy capacity and develop affordable AI applications. pic.twitter.com/dTBAeDa2yw

— ETtech (@ETtech) February 19, 2026

Analysts believe that India’s growing AI ecosystem could shift the country’s role beyond traditional back-office services, allowing it to compete globally in AI deployment and cloud computing.

Chipmaking and Strategic Edge

The investment plan also covers semiconductor manufacturing, with Tata Electronics announcing an $11 billion investment in a chip fabrication plant in Gujarat. Together with Reliance’s $110 billion commitment and other Indian tech investments, this coordinated $125 billion effort has drawn comparisons to the U.S.’s “Project Stargate,” framed as a national strategy to maintain a technological edge over global rivals like China.

The stock market responded positively to the announcement, reflecting investor confidence in Reliance’s long-term growth strategy and India’s ambitions to become a global AI powerhouse. With renewable energy integration and a multi-pronged approach across AI, cloud infrastructure, and chip manufacturing, the plan positions India to capitalize on growing demand for AI technologies worldwide.

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