Mukesh Ambani to share Jio IPO, AI and energy plans
Reliance Industries is gearing up for its 49th annual general meeting on June 19, and it's all happening online at 2pm.
Mukesh Ambani is set to share updates on Reliance Jio's big IPO plans, new moves in artificial intelligence, and the latest energy projects.
The meeting comes as Reliance faces a dip in profits this year, so all eyes are on what's next.
Jio Platforms targets IPO raising $4B
Jio Platforms, valued at $180 billion last year, is aiming for an IPO that could raise up to $4 billion. Reliance holds most of the company, but Meta and Alphabet also have notable stakes.
Plus, Reliance will build a 168-megawatt AI-enabled data center in Jamnagar, Gujarat, for Meta.
On the energy front, Reliance is developing one of the world's largest single-site solar projects in Kutch, Gujarat, and an electrolyser giga factory, even while dealing with profit drops from refining disruptions.