Reliance unveils Jio IPO, AI infra and FY26 record at 49th AGM
RIL posted FY26 revenue of ₹11.76 trillion (+9.8% YoY) on retail and telecom strength. Jio Platforms filed DRHP for a ~$4bn IPO (up to 270m fresh shares). Ambani flagged 120 MW sovereign AI infra in Jamnagar with Nvidia GPUs, LEO satellite plans and JioAirFiber scaling to 60,000 connections/day.
What happened
Reliance Industries · At RIL's 49th AGM, Ambani announced Jio Platforms IPO DRHP filing (~$4bn), record FY26 revenue of ₹11.76 trillion driven by retail and
Key facts
- FY26 revenue ₹11.76 trillion (+9.8% YoY)
- FY26 capex ₹1.44 trillion
- 5-year cumulative capex ₹6.48 trillion
- Jio IPO fresh issue up to 270 million shares
- Jio IPO ~$4 billion expected
- Jio Q4 net profit ₹7,935 crore (+13% YoY)
- Jio Q4 revenue ₹38,259 crore (+12.6% YoY)
- 524 million Jio subscribers
- 268 million 5G users
- 13 million JioAirFiber homes
- 60,000 new broadband connections/day
- 120 MW AI infra phase 1
Why this matters
Sovereign 120 MW AI infra with Nvidia GPUs and LEO satellite ambitions signal an aggressive platform stack — expect M&A and partnership activity across compute, content and connectivity adjacencies.