Reliance Industries Shares Up Over 2% After Meta Chooses Gujarat Campus for AI Data Centre

Mumbai, June 2: Reliance Industries share price rose more than 2% on Wednesday after the company announced a partnership with Meta Platforms to develop an AI-enabled data centre in Jamnagar, Gujarat, marking a major step in India’s rapidly expanding artificial intelligence infrastructure landscape. The stock was among the top contributors to gains in the benchmark indices, helping support broader market sentiment. 

The agreement will see Meta lease capacity at a new AI-focused data centre that Reliance will build at its Jamnagar campus. The project represents Meta’s first AI-enabled data centre initiative in India and underscores the growing importance of the country as a strategic digital and AI market. As of writing the stock was up 0.9% at Rs 1,277.8. 

Jamnagar to Host Meta’s First AI Data Centre in India 

The stock pared gains after the rally as investors calmed down over the data centre tie-up. Source: NSE 

The facility will initially have a capacity of 168 megawatts, with room for future expansion as demand for AI computing infrastructure grows. Reliance will construct and operate the facility, while Meta will lease the capacity to power its AI and digital services in India. 

The development adds another dimension to Reliance’s ambitions in artificial intelligence and data infrastructure. The conglomerate has been steadily building its presence in the AI ecosystem through investments in data centres, cloud infrastructure and strategic partnerships with global technology companies. 

Partnership Deepens Reliance-Meta Relationship 

The latest announcement builds on an already extensive relationship between the two companies. Meta invested $5.7 billion in Jio Platforms in 2020, while the partners expanded their collaboration into enterprise AI solutions through a joint venture announced last year. The AI-focused venture combines Meta’s Llama models with Reliance’s digital ecosystem and enterprise reach. 

Market participants view the new data centre partnership as a validation of Reliance’s strategy to position itself as a key infrastructure provider for global technology companies seeking AI computing capacity in India. The company is also developing large-scale AI and cloud infrastructure projects across the country to cater to growing demand from businesses and digital platforms. 

India Emerges as Key AI Infrastructure Hub 

The deal comes amid a surge in investments into AI infrastructure globally as technology companies race to secure computing power needed to train and deploy advanced AI models. India’s data centre market is expected to grow rapidly over the next decade, driven by cloud adoption, digital transformation initiatives and rising AI workloads. 

Analysts said the partnership strengthens Reliance’s credentials as a major player in India’s AI ecosystem while providing Meta with a dedicated infrastructure base in one of its largest user markets. The announcement was welcomed by investors, with Reliance shares outperforming the broader market and helping lift benchmark indices during Wednesday’s session. 

Source: https://www.nseindia.com/get-quote/equity/RELIANCE/Reliance-Industries-Limited