Reliance Industries Chairman Mukesh Ambani and the next generation of Reliance leadership unveiled a series of major announcements at the company's Annual General Meeting (AGM) 2026, outlining ambitious plans spanning telecommunications, artificial intelligence, satellite connectivity, manufacturing and retail.
Among the biggest announcements were the approval of Jio Platforms' Initial Public Offering (IPO), plans for a sovereign AI infrastructure, new AI-powered consumer services and a proposed Low Earth Orbit satellite constellation for India.
Jio IPO Approved; DRHP to Be Filed With SEBI
One of the headline announcements from the AGM was the approval of the Jio Platforms IPO.
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Mukesh Ambani said: "The Board of Jio Platforms has approved the draft red herring prospectus earlier today, and it will be filed with SEBI today. This is a deeply emotional moment for me, for the entire Reliance family, and for millions of its shareholders."
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Ambani described the relationship between Reliance and its shareholders as "deep and sacred".
Isha, Akash and Anant Ambani to Lead Jio's Next Phase
Speaking at the AGM, Mukesh Ambani announced: "Isha, Akash and Anant will lead the next phase of Jio."
Jio Eyes Satellite Connectivity and Space Infrastructure
Akash Ambani outlined Jio's ambitions beyond terrestrial connectivity. He said: "Jio connected India on the ground, now we must connect from the skies."
According to Akash Ambani, Jio is evaluating the development of a sovereign Low Earth Orbit (LEO) satellite constellation for India while also partnering with global satellite operators.
He added: "Jio is also building its own ground station infrastructure in India, strengthening India's atma nirbharta in space."
The initiative aims to expand connectivity to underserved regions and support India's growing digital ecosystem.
Reliance Intelligence Building India's AI Backbone in Jamnagar
Artificial intelligence featured prominently throughout the AGM. Akash Ambani announced that Reliance Intelligence is building what he described as India's sovereign AI backbone in Jamnagar.
According to him: "Reliance Intelligence is building India's sovereign AI backbone in Jamnagar, powered entirely by clean energy from Reliance's own solar generation."
He added that the first 120 MW phase is expected to be commissioned by the end of 2026 and will be supported by next-generation compute infrastructure equivalent to more than 200,000 H100-equivalent GPUs.
Reliance Intelligence Enters Execution Phase
Akash Ambani said Reliance Intelligence has now entered its execution phase. He stated: "We are building a world class team of AI researchers and engineers."
He further said: "Reliance Intelligence will disrupt AI economics."
The company aims to develop affordable AI services tailored specifically for Indian users and businesses.
AI Services Planned in 22 Indian Languages
A major focus of Reliance's AI strategy is the development of AI services designed for Indian languages.
Akash Ambani announced a suite of AI-powered platforms, including:
- JioBharatIQ
- AI Vyapar
- JioHealthIQ
- JioLearnIQ
- JioKrishiIQ
He said: "Reliance Intelligence is building trusted, affordable, and multilingual AI services designed to be accessible in 22 Indian languages."
Explaining the company's approach, he added: "Unlike global AI platforms that build in English and translate later, Jio is building AI natively in Indian languages. Bharat ka AI Bhartiya Bhasha mei bolega. Bharat ke dilon ko jodega. Bharat ki tasveer aur takdeer badlega."
He continued: "What we are building is AI for India. AI by India. AI that will one day serve the world."
MyJio to Become a Personal AI Assistant
Akash Ambani also revealed plans to embed artificial intelligence across Jio's digital ecosystem. He said: "We are building AI directly into the heart of all our apps."
According to him, MyJio will evolve beyond its current role. "We are transforming MyJio from an app to a personal AI agent, advisor and relationship manager."
The move forms part of Reliance's broader effort to integrate AI into everyday consumer experiences.
JioTeleFrame and JioStar GenAI Media Studio Announced
The company also unveiled JioTeleFrame, an AI-operated system designed for homes.
In the media sector, Reliance announced JioStar GenAI Media Studio, also known as JAMS.
The platform is intended to support end-to-end content production for Indian creators and businesses using generative AI tools.
Content Commerce Introduced on JioHotstar
Akash Ambani introduced a new concept called Content Commerce on JioHotstar.
He described it as: "For the first time, a marketplace is created on an entertainment platform."
The initiative aims to combine content consumption with commerce opportunities within the streaming ecosystem.
Reliance Retail Plans Manufacturing Expansion
Mukesh Ambani also outlined expansion plans for Reliance Retail and Reliance Consumer Products Limited (RCPL).
He said: "Between Reliance Retail and RCPL, we will add two powerful growth boosting platforms."
The first initiative will focus on advanced manufacturing. According to Ambani: "We are building a manufacturing platform extending from beverages and daily essentials to one of the most unorganised categories, fresh fruits and vegetables."
He said the effort aims to reduce waste, improve hygiene and strengthen safety standards.
Focus on Garments and Affordable Electronics
Reliance also plans to expand its manufacturing presence in apparel and electronics. Ambani said: "We are also building a future ready garment manufacturing system. This will deliver better quality garments to our customers and the most competitive cost."
He added that the company intends to apply a similar strategy to affordable electronics. "We will also do the same for affordable electronics, from smart devices to televisions, smartphones, and connected wearables, with a continued focus on superior customer service."
Reliance's Green Energy Push to Create Over 2 Lakh Jobs, Says Anant Ambani
Reliance Industries is accelerating its renewable energy ambitions, with Executive Director Anant Ambani announcing that the company's New Energy business is expected to create more than 200,000 green jobs across its Jamnagar Giga Complex and Kutch Solar Farm.
Highlighting India's growing role in the global clean energy transition, Ambani said: "The world built its old energy on Middle Eastern oil. The world will now build its new energy on Indian sunshine."
He added that Reliance's New Energy business is expected to begin making a meaningful contribution to the company's financial performance from FY27 onwards.
"From FY27 onward, New Energy will begin contributing meaningfully to Reliance’s financial performance. Commercial revenues from solar modules start rolling in this year. The battery factory commissions this year. And the Samsung C&T agreement is not a promise, it is a signed contract."
Kutch Renewable Energy Hub to Supply Massive Green Power
Anant Ambani shared details of Reliance's renewable energy projects, including the large-scale Kutch Renewable Energy Hub in Gujarat. Spread across 550,000 acres, the project is expected to generate more than 40 billion units of green electricity every year. According to the company, this would meet roughly 3 per cent of India's annual electricity demand.
Reliance is also targeting peak installation rates of 55 MW of solar modules and 150 MWh of battery containers per day at the site.
Battery Manufacturing Expansion Underway
The company is significantly expanding its battery manufacturing capabilities. Reliance plans to scale its Battery Energy Storage Systems (BESS) and Cell Giga Factory to an annual capacity of 120 GWh. Once operational, the facility is expected to become one of the world's largest manufacturers of Lithium Iron Phosphate (LFP) batteries.
According to Reliance's annual report, the BESS giga-factory has entered the advanced commissioning stage. The company plans to begin with an annual manufacturing capacity of 40 GWh before gradually increasing it to 100 GWh in the future.
Civil construction has been completed, while equipment installation is currently underway. Production is expected to ramp up during the second half of 2026.
Jamnagar Giga Complex Expands Solar Manufacturing
Reliance's Dhirubhai Ambani Green Energy Giga Complex in Jamnagar spans around 5,000 acres and has become a key part of the company's clean energy plans. The facility is already producing nearly 1 GW of Heterojunction Technology (HJT) solar modules.
Reliance also became the first company in India to secure an Approved List of Models and Manufacturers (ALMM) certification for HJT technology.
The company said its first 200 MWp batch of HJT modules achieved higher energy yields and lower degradation rates than industry benchmarks. The modules have also received BIS certification with a 720 Wp rating.
Solar Manufacturing Capacity Set for Major Growth
FY26 marked an important milestone for Reliance's solar manufacturing business, with core production assets commissioned and the first phase becoming operational. The company is ramping up production of HJT solar cells and modules at Jamnagar and remains on track to achieve a manufacturing capacity of 10 GW annually.
Reliance also plans to double that capacity to 20 GW in the future. Facilities for polysilicon, glass, ingots and wafers are being commissioned in phases as the company works towards creating a fully integrated solar manufacturing value chain.
Green Hydrogen Plans Gather Pace
Reliance is also investing heavily in green hydrogen production. The company has secured exclusive technology licensing rights in India from Nel ASA for alkaline electrolysers while retaining global rights for captive use.
Work has already begun on Reliance's electrolyser giga-factory, with commissioning and phased expansion planned over the coming quarters.
The company aims to achieve 3 million metric tonnes per annum (MMTPA) of green hydrogen equivalent production capacity by 2032 for both domestic and international markets.
Samsung C&T Green Ammonia Deal Signed
Reliance has also signed a long-term green ammonia supply agreement with Samsung C&T Corporation. According to the company, the contract will run for 15 years, with supplies expected to begin in the second half of FY2030. Anant Ambani revealed that the agreement is already finalised and forms part of Reliance's broader clean energy strategy.
Nita Ambani Unveils Plans for University, Medical City, Olympic Dream and Mumbai's Coastal Road Gardens at Reliance AGM 2026
Nita Ambani used the Reliance AGM 2026 platform to outline an ambitious vision spanning education, healthcare, sports, wildlife conservation and urban development. From a new world-class university and a major medical city in Mumbai to the dream of bringing the Olympics to India, she detailed several projects that Reliance Foundation plans to pursue in the coming years.
Maharashtra Approves Reliance's Private University Project
Nita Ambani announced that the Government of Maharashtra has approved Reliance's proposal to establish a state private university.
Addressing shareholders, she said: "Dear shareholders, I am proud to share that we have received approval from the Government of Maharashtra to establish a state private university."
According to her, the interim campus is already operational and features modern academic, residential and sports facilities designed to meet global standards.
410-Acre Permanent Campus to Feature Seven Schools
Nita Ambani said the university's permanent campus will be spread across 410 acres and will include dedicated districts for academics, research, sports, healthcare, arts and innovation.
She stated: "Our upcoming permanent campus, spread across 410 acres, will be truly world class in size, design, and most importantly, excellence in academics and research."
The campus will include:
- Academic district
- Research hub
- Sports district
- Medic city
- Residential district
- Arts district with amphitheatres and performance halls
- Innovation and incubation facilities supporting start-ups and research
University to Focus on AI and Emerging Technologies
The proposed university will house seven specialised schools with a strong emphasis on artificial intelligence and future technologies.
The schools announced by Nita Ambani include:
- School of Engineering and Computing
- School of Management and Entrepreneurship
- School of Law, Governance and Policy
- School of Humanities and Social Sciences
- School of Medical Science and Public Health
- School of Architecture and Urban Planning
- School of Education
The institution will offer undergraduate, postgraduate, doctoral and postdoctoral programmes.
Foundation Stone Laid for Vantara University
Nita Ambani also announced progress on Vantara University.
She said: "This year we also laid the foundation stone of Vantara University, a global university dedicated to training the next generation of wildlife conservationists and veterinary scientists."
The institution will focus on wildlife conservation, veterinary sciences and environmental research.
Nita Ambani Reiterates Dream of Bringing Olympics to India
Speaking about sports development, Nita Ambani reiterated her long-standing ambition of bringing the Olympic Games to India.
"We dream to bring Olympics to India."
Reliance Plans Major Medical City in Mumbai
Nita Ambani also shared details of a large healthcare project planned for Mumbai. "We are moving forward with a vision of a transformative medical city and medical college in Mumbai."
As part of this initiative, Reliance plans to modernise Seven Hills Hospital.
According to Nita Ambani: "The plan to modernize Seven Hills Hospital marks a significant milestone in this journey of strengthening India's healthcare infrastructure and expanding affordable world-class medical care."
The proposed facility will have a planned capacity of 1,500 beds.
More Than 450 Beds Reserved for Economically Weaker Sections
Nita Ambani highlighted the project's focus on accessibility and affordable healthcare.
She said the upgraded hospital will include: "More than 450 beds dedicated to serving the economically weaker sections of society."
The initiative is aimed at expanding access to quality healthcare while strengthening medical infrastructure in Mumbai.
