Page 6 - Reliance Industries

RIL, Meta partner to develop 168 MW AI enabled data centre in Gujarat

Reliance Industries Limited and social media major Meta Platforms have partnered to develop a 168-megawatt data centre in Jamngar, Gujarat, within two years, a joint statement said on Wednesday. This is the first built-to-suit data centre capacity in India for Meta and represents a significant milestone in India's emergence as a global hub for AI infrastructure, the statement said. "RIL will develop a data centre with 168 MW capacity to be delivered within two years, with an option to scale. Meta will lease capacity from the facility," the statement said. The data centre will be powered by renewable energy and cooled with desalinated seawater. Meta is also separately partnering with two leading clean energy providers in India, CleanMax and Fourth Partner Energy, to back nearly 1GW of renewable energy, the statement said. "This partnership with Meta marks a transformative moment for India's digital infrastructure. Building India's first built-to-suit data centre for a global techno

Reliance Industries hits 52-week low, stock down 12% in one month

RIL was quoting lower for the ninth straight day, falling 7 per cent during the period after the company expressed caution over FY27 earnings prospects.

NLC India, RIL to jointly develop lignite gasification project in Gujarat

NLC India Ltd (NLCIL) and Reliance Industries Ltd will jointly explore developing an underground lignite gasification project in Gujarat as part of efforts to augment domestic gasified fuel supplies amid the global fuel crunch, sources said. The public sector undertaking has signed an agreement with RIL to assess the feasibility and technical viability of converting lignite reserves through underground gasification. NLCIL holds two lignite blocks in Gujarat that would be considered for the project, they said. The preliminary technical studies for underground lignite gasification blocks with RIL are in progress, they said, adding that Reliance Industries was brought on board for its expertise in gasification technologies, sources said. The move is aimed at partially addressing domestic gas shortage exacerbated by the ongoing global fuel crisis. If successful, the project could provide a supplementary source of synthesis gas for industrial use and potentially strengthen energy securit

Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit

The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...

SC sets aside Sebi's ₹447 crore disgorgement order to Reliance Industries

Supreme Court quashes Sebi's ₹447 crore disgorgement order against RIL in the 2007 RPL futures case, but upholds ₹25 crore penalty for regulatory violations

SC sets aside SAT order directing RIL to disgorge ₹447 crore

The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R

Reliance Industries flags 'extreme volatility' risks from West Asia crisis

Near-term retail demand may stay sensitive to macro conditions

RIL sees near-term demand to remain sensitive to macro conditions

Reliance Retail sees near-term demand pressures but remains bullish on organised retail growth, FMCG expansion and deeper rural penetration

Mcap of 6 most valued firms surges by ₹74,111 cr, Reliance biggest winner

The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 ...

Capital Group builds $2 billion bet in Adani Group in pivot from Reliance

The Los Angeles-based money manager has acquired stakes worth more than $2 billion across three Adani Group companies in recent weeks

Gas extraction case: RIL says charges of unjust enrichment misguided

Reliance Industries argued before the Supreme Court that the Centre's allegations of unjust enrichment in the KG basin gas dispute are misplaced

$4 billion Jio IPO hits roadblocks on impact of West Asia conflict

Reliance Industries has reportedly slowed preparations for the potential IPO of Jio Platforms amid market volatility and geopolitical tensions linked to the Iran conflict

Stocks to watch today: Bosch, ABCL, Whirlpool India, Jubilant Foodworks

Stocks to Watch today, May 21, 2026: Bosch, Whirlpool of India, Aditya Birla Capital, and Reliance Industries are some of the key stocks to watch today

Andhra clears 800 acres for RIL's ₹1 trn AI data centre in Vizianagaram

The Andhra Pradesh government on Wednesday approved the allotment of over 800 acres of land in Vizianagaram district to Reliance Industries Ltd at a discounted rate of 25 percent for the establishment of a Giga Scale AI Data Centre (AIDC) with Cable Landing Station at an investment of over Rs 1 lakh crore. IT Secretary Bhaskar Katamneni directed Andhra Pradesh Industrial and Infrastructure Corporation (APIIC) and Vizianagaram district administration to identify an additional acre of land suitable for the Cable Landing Station (CLS). "The government accords approval for allotment of 854.97 acres of land in Vizianagaram district to Reliance Industries Limited, at a 25 percent discounted rateThe land allotment is intended for establishment of a Giga-Scale AIDC with CLS, with proposed cumulative investment of Rs 1.08 lakh crore," said Katamneni in a Government Order (GO). APIIC identified land for the mega project in Polipalli, Bhogapuram West and Bhogapuram East villages in Vizianagara

SC refuses to pause KG basin gas dispute as RIL seeks mediation route

Supreme Court of India declines to halt hearings in KG basin gas dispute involving Reliance Industries Limited and the Centre

KG-basin dispute: RIL, others seek mediation, SC refuses to halt hearing

Reliance Industries Limited (RIL) and two other foreign firms on Wednesday told the Supreme Court that they would write to the Centre for mediation in the Krishna-Godavari basin gas migration dispute. The matter was mentioned before a bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi. "All the petitioners will be writing to the Government of India today seeking mediation... We are submitting that let us attempt mediation," the counsel appearing for the firms told the apex court. The counsel urged the bench that hearing in the case may be stopped till the mediation outcome. However, Attorney General R Venkataramani, appearing for the Centre, requested the court to continue with the hearing in the case listed today. "If, in the meantime, anything will happen, we will inform the court," the top law officer said. The bench declined to stop the hearing and said the parties may inform it about the outcome of mediation. "If you come with a successful .

Reliance turns to CATL as Chinese tech curbs hit battery ambitions

Reliance is in talks with CATL and other Chinese suppliers for battery components as Beijing's tightening tech curbs reshape its clean energy ambitions

Bharti Airtel briefly overtakes HDFC Bank to be second most valued firm

Bharti Airtel briefly surpassed HDFC Bank in market capitalisation during intra-day trade as the telecom major continued to outperform the private lender this year

FPIs cut stakes in HDFC Bank, Reliance since 2022; bet on Paytm, Eternal

FPIs have reduced shareholding in large-cap stocks like HDFC Bank, Reliance and Infosys since 2022 while increasing exposure to Paytm, Eternal, Polycab and healthcare stocks, ICICI Securities said

Mcap of 9 top valued firms erodes by ₹3.12 trn, Reliance biggest laggard

The combined market valuation of nine of the top 10 valued firms eroded by Rs 3.12 lakh crore last week, with Reliance Industries taking the biggest hit. Last week, the 30-share BSE Sensex plunged by 2,090.2 points, or 2.7 per cent, while the 50-share NSE Nifty declined 532.65 points, or 2.2 per cent. "Markets ended the week lower, breaking out of their three-week consolidation phase amid lingering geopolitical tensions in West Asia, persistent weakness in the rupee, and rising inflationary concerns," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The sharp rise in crude oil prices above the USD 105-per-barrel mark intensified worries over imported inflation, fiscal stress, and pressure on corporate margins, he said. From the top-10 pack, Bharti Airtel emerged as the only winner. The market valuation of Reliance Industries tumbled Rs 1,34,445.77 crore to Rs 18,08,420.81 crore. State Bank of India's valuation eroded by Rs 52,245.3 crore to Rs 8,88,862.32 crore. The valua