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Reliance targets ₹4L crore EBITDA by 2031, focuses on AI
20 Jun 2026

Reliance Industries has announced its ambitious plan to double its core profits (EBITDA) to ₹4 lakh crore by 2031.

The strategy focuses on a major push into artificial intelligence (AI), clean energy, and consumer businesses.

At the company's recent annual general meeting (AGM), Chairman Mukesh Ambani also unveiled plans for a new satellite broadband network for India and a green ammonia export venture.

RIL's EBITDA growth story
Financial growth

Reliance Industries has already more than doubled its EBITDA in the last five years, thanks to digital services like Jio and a booming retail business.

The company's digital arm, Jio Platforms, and its retail sector now account for nearly half of its total EBITDA.

This growth highlights RIL's successful diversification strategy from traditional energy to high-growth consumer-facing segments.

Major investments in consumer business and AI infrastructure
Strategic investments

Over the last five years, Reliance has invested a whopping ₹6.48 lakh crore in various sectors such as AI infrastructure, satellite technology, battery manufacturing, and expanding its FMCG brands.

The company is targeting ₹1 lakh crore in sales from its consumer products division by 2030.

Ambani also announced plans to create one of the world's largest AI computing platforms as part of this strategy.

Potential Jio IPO on the horizon
Upcoming IPO

There are also plans for a Jio Platforms IPO, which could raise as much as $4 billion. The listing would be one of India's biggest-ever IPOs and is expected to unlock significant shareholder value.

With over 524 million subscribers and a rapidly expanding 5G and broadband footprint, Jio's listing will be closely watched by investors.