Mukesh Ambani announced that Reliance Industries plans to invest ₹7 lakh crore over the next 5 years. This follows investments of more than ₹3.5 lakh crore made since 2021. The statement was made during the Vibrant Gujarat regional conference focused on the Kutch and Saurashtra region.
Ambani said Gujarat would remain a central location for Reliance’s future projects. The planned spending is expected to cover energy, digital infrastructure and social facilities across the state. He said the investments are part of the group’s longer-term plans rather than linked to short-term business cycles.
Reliance is developing clean energy projects in Jamnagar, which has traditionally been associated with oil refining and petrochemicals. Ambani said the company plans to shift the area’s output towards green energy and related materials. He also said Kutch is being developed as a base for clean energy activity.
The company is working on a multi-gigawatt, utility-scale solar power project in Jamnagar. According to Ambani, the project will use storage systems and grid integration to supply power throughout the day. The project is intended to add to renewable energy capacity in Gujarat.
Reliance is developing an AI-ready data centre in Jamnagar, which Ambani said would support large-scale artificial intelligence applications. He added that Jio plans to launch an intelligence platform offering AI services in Indian languages. The platform is expected to be accessible on personal devices.
On social infrastructure, Ambani said the Reliance Foundation would work with the Gujarat government to manage the Veer Savarkar Multi Sports Complex in Naranpura. The facility is expected to be used for sporting events and training programmes. This is linked to preparations for a possible 2036 Olympics bid for Ahmedabad.
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As of January 12, 2026, 11:31 am, Reliance Industries share price was trading at ₹1,455.70, a 1.33% down from the previous closing price.
Reliance’s announcement sets out planned capital spending for the next five years, with Gujarat positioned as a major centre for its energy, technology and infrastructure investments.
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Published on: Jan 12, 2026, 11:59 AM IST
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