Reliance Industries aims to double EBITDA to ₹4L/cr by 2031
Reliance Industries is aiming to double its core profits (EBITDA) to ₹4 lakh crore by 2031. The plan? Go bigger on artificial intelligence, clean energy, and consumer businesses.
At their latest annual meeting, Chairman Mukesh Ambani also teased a new satellite broadband network for India and a green ammonia export venture.
Reliance invested ₹6.48L/cr in 5 years
Reliance has already more than doubled its EBITDA in five years, thanks to digital services like Jio and booming retail. Jio Platforms and retail now make up almost half of the company's earnings.
Over the past five years, Reliance poured ₹6.48 lakh crore into things like AI infrastructure, satellite tech, battery manufacturing, and expanding its FMCG brands (aiming for ₹1 lakh crore in sales by 2030).
There's also buzz about a Jio Platforms IPO that could raise $4 billion, and plans are underway to build one of the world's largest AI computing platforms.