Reliance and Google Cloud Forge AI Partnership to Establish Jamnagar Cloud Region; Stock Slips 2.16%

Mumbai, August 29, 2025 — Reliance Industries Limited (NSE: RELIANCE, BSE: 500325) announced that it is significantly expanding its partnership with Google Cloud to build an advanced AI-focused cloud region in Jamnagar. However, despite the ground-breaking announcement, Reliance shares closed down today.

Stock Market Snapshot

On 29, August, 2025, Reliance stock closed at ₹1,356.00, down 29.90 (2.16%) from its previous close of ₹1,385.90. The scrip opened at ₹1,381.10 and it reached a high of ₹1,403.50 before slipping to a low of ₹1,350.00. Market capitalisation stood at ₹18.31 lakh crore, and the traded volume was 173 lakh shares.

Key Highlights of the Partnership

AI Cloud Region: Dedicated to Reliance in Jamnagar, compliant with Google Cloud’s global specifications and service-level standards.

Sustainable Infrastructure: Facility powered by Reliance’s green energy initiatives, enabling sustainable hyperscale operations.

High-Value Network: Jio will provide high-capacity intra- and inter-metro fiber connectivity, connecting Jamnagar to major metros, such as Mumbai and Delhi.

AI Capabilities: Deployment of Google Cloud’s AI hypercomputer and integrated generative AI stack, for enterprises, SMBs, startups and the public sector to build AI-first solutions.

Leadership Commentary

Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, said:

“This partnership with Google Cloud marks a new chapter in India’s technology journey. By bringing Google Cloud’s AI capabilities to Jamnagar, supported by Reliance’s infrastructure, renewable energy, and nationwide network, we are laying the foundation for India to become a global leader in AI. Just as Jio and Google came together to democratize the internet for every Indian, we will now democratize intelligence for every Indian.”

Sundar Pichai, CEO of Google and Alphabet, added:

“Our work with Reliance and Jio has helped bring affordable internet access to millions. Now, we are building on this to help shape the next leap with AI. This is only the beginning, and we look forward to building India’s AI future together.”

Outlook

Investors may want to consider this partnership a long-term growth enabler even if Reliance’s stock looks weak in the short term. Reliance’s expansion of its AI cloud provides digital dominance and strengthens potential revenue growth in tech and infrastructure leadership capabilities.

Business Overview of Reliance Industries

Reliance Industries Limited (RIL) reported a consolidated revenue of ₹10,71,174 crore (US$125.3 billion), a net profit of ₹81,309 crore (US$9.5 billion), and a cash profit of ₹1,46,917 crore (US$17.2 billion) in FY25, making it India’s largest private business. RIL’s businesses encompass all industries, including energy, petrochemicals, retail, digital services, renewables, and media. RIL ranks 88 on the Fortune Global 500 (2025) and 49 on the Forbes Global 2000 (2024).

REF: https://nsearchives.nseindia.com/corporate/kavinavora_29082025150757_MR_Google.pdf

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