Shares of Reliance Industries Limited (RIL) staged a sharp recovery on Wednesday morning, breaking out of a grueling nine-day losing streak that had previously wiped out nearly ₹1.29
lakh crore in shareholder wealth. The stock jumped as much as 2.46% in early trade to touch an intraday of ₹1,300.5 apiece on both the National Stock Exchange (NSE) and BSE. This aggressive buying pivot heavily supported the broader Indian indices, positioning the energy to telecom giant back among the market’s top drivers.
The sudden change in investor sentiment comes on the heels of a massive infrastructure announcement involving Facebook’s parent company, Meta. The tech titan has officially selected Reliance to develop its very first AI-enable data centre project on Indian soil.
Under the freshly signed agreement, Reliance will construct a massive 168- megawatt (MW) built to suit data centre facilities at its expansive complex in Jamnagar, Gujrat. Meta intends to fully lease out the entire site to scale up its global compute requirements, power its core applications, and expand its expanding artificial intelligence footprint. The project structure points to an end to end execution timeline, meaning Reliance will act as a singular developer overseeing everything from the initial design and construction phases to operational utility management and network integrations handled through Jio’s hyper dense fiber grid . The facility is salted to be delivered within the next two years, with explicit provisions allowing Meta to expand capacity as processing needs escalate.
Unsurprisingly, eco-efficiency is baked deep into the project blueprint. Keeping up with modern corporate green targets, the Jamnagar data centre is structured to run entirely on renewable energy. To support this, Meta is anchoring nearly 1 gigawatt (GW) of fresh clean power through parallel deals with CleanMax and Fourth Partner Energy, while relying on desalinated seawater to supply the heavy cooling infrastructure the facility requires.
Commenting on the venture, RIL Chairman Mukesh Ambani called it a “transformative movement” for the nation’s tech architecture, emphasizing that building a bespoke data center for a company of Meta’s scale shows India is prepared to lead the global AI curve. Meta CEO Mark Zuckerberg echoed this view, adding that the Jamnagar complex will actively help scale their global infrastructure while cementing their financial commitment to India’s digital economy.
