Reliance AGM 2025 Live Updates: Mukesh Ambani Announces Jio IPO In First Half Of 2026, Reliance Intelligence

Shares of Reliance Industries ended over 2% lower. The AGM is still underway. Mukesh Ambani made a slew of announcements, including Jio IPO.

Anant Ambani said RIL is building the Dhirubhai Ambani Giga Energy Complex, Jamnagar, the largest clean energy ecosystem.

This project has several key components with ambitious targets.

The company aims to scale its Solar PV capacity to 20 GWp and will establish a Battery Giga Factory with a 100 GWh capacity by 2026.

For green hydrogen, an Electrolyser Giga Factory of 3 GW per year capacity is planned by 2026, contributing to a broader goal of 3 million metric tonnes per annum (mmtpa) of green hydrogen production by 2032. Additionally, the complex will focus on bio-energy, with a plan to increase the number of Compressed Biogas (CBG) plants from the current 55 to more than 500 by 2030.

"A decade ago, digital services became a new growth engine for Reliance. The opportunity before us with AI is just as large, if not larger. Jio promised, and delivered, digital everywhere and for every Indian. Reliance Intelligence promises to deliver AI everywhere and for every Indian. Reliance Intelligence building for the next decade with confidence and ambition," said Mukesh Amabni.

The IPO process for Jio Platforms has officially commenced, with the listing expected to take place in the first half of calendar year 2026 (H1CY26). However, the development is being viewed negatively by some market participants. This is primarily because existing shareholders of Reliance Industries are not expected to receive any direct benefit from the IPO. Additionally, the listing introduces a holding company discount, which typically reduces the perceived value of RIL’s stake in Jio Platforms.

RIL share price fell as much as 2.6% intraday as the AGM speech of the Ambanis failed to entuse investors.