Reliance Industries Ltd (RIL) the largest conglomerate in India could generate up to $60 billion from its new energy ventures according to Morgan Stanley. The brokerage observed that RIL’s integration of green power into its chemicals data centers and refinery operations represents a global transformational shift.
The Jamnagar energy complex of RIL will undergo transformation to establish 1 GW of data center capacity as a core part of this strategy. The data centers use RIL solar and battery storage assets and Nvidia Blackwell AI chips to establish a self-contained system which unites energy production with AI processing and industrial operations for both operational efficiency and revenue expansion.
Morgan Stanley estimates RIL’s new energy vertical will reach $20 billion in base case valuation while the bull case projects $61 billion. The solar PV and energy storage businesses will generate the most value through their operations while green hydrogen and carbon capture technologies will provide additional support.
RIL maintains strong performance in its traditional businesses through high refining margins and chemical market growth and expanding retail and telecom operations. Through its combination of sustainable energy with advanced technology RIL has established itself as a leader in worldwide energy transformation and artificial intelligence-based industrial development.
