INSUBCONTINENT EXCLUSIVE:
Billionaire Mukesh Ambani could add up to $60 billion in market value for Reliance Industries Ltd (RIL) shareholders by integrating the
The move positions the conglomerate to capitalise on the artificial intelligence boom while addressing the global challenge of powering
plans to operationalise within two years
data center facility would require approximately 678,000 B100 chips
If Reliance allocates around 200MW for internal use, it would need roughly 135,000 B100 chips
round-the-clock power.
Live EventsDuring its Q3FY25 earnings call, Reliance shared more strategic insights, outlining its plans to
capitalize on AI adoption trends by building a comprehensive national AI infrastructure
Read | Reliance Industries shares at inflection point
6 reasons why FY26 could be the year of big re-ratingMarket Momentum BuildingShares of RIL have surged 26% so far in the calendar year,
reflecting growing investor confidence in Ambani's transformation strategy
However, other energy/power players globally have re-rated on the strength of the Gen AI theme before earnings are realized," the brokerage
noted.The firm values RIL's new energy business using a P/B multiple of 3x as it ramps up investments in solar supply chain, battery
capacity expansion and progress in green hydrogen capacity
Morgan Stanley's bull case scenario value reaches Rs 2,034, while the bear case sits at Rs 1,210.Near-Term Earnings CatalystThe upcoming Q1
earnings should provide immediate momentum, with Morgan Stanley forecasting a rise in O2C earnings supported by very strong global fuel
margins, partly cushioned by refinery maintenance
Retail revenue growth is expected at approximately 17% year-on-year with stable quarter-on-quarter margins.Telecom should show around 6.5
million subscriber net additions quarter-on-quarter with a slight increase in ARPU
Overall consolidated EBITDA should rise 16% year-on-year and consolidated earnings should surge 27%."Global pricing for panels has found a
Large players turned FCF-negative in 2024 and have seen increased capex and pricing discipline in the supply chain," Morgan Stanley observed
"The upcoming Jun-25 quarter (flat QoQ) should raise investor confidence in earnings delivery and quality, with refining, chemicals, and
retail meeting expectations."The brokerage expects 14% earnings CAGR to be driven by O2C margins supported by lower feedstock prices and
strong domestic demand, strong traction in consumer brands driving retail growth, and tariff hikes in telecom.
