Reliance Industries Share Price Rises 2% After Facebook Parent Meta Announces 168 MW AI-Enabled Data Centre in Jamnagar, Gujarat

Reliance Industries share price +2% (est. Rs 1,305-1,315) on Jun 10. Meta deal: 168 MW AI data centre, Jamnagar — Reliance builds, Meta leases. Option to scale. Renewable energy. REIL JV (Meta 30%, Rs 855 Cr, Oct 2025). Meta 2026 capex $125-145 Bn. 52W high Rs 1,611.80. PE 39.85.

The Reliance Industries share price gained approximately 2% on Wednesday, June 10, 2026, after Facebook parent Meta Platforms made a landmark announcement: a formal agreement with Reliance to build India’s first AI-enabled data centre, located at Jamnagar in Gujarat, with a capacity of 168 MW. Reliance will build and own the facility while Meta leases it, with options to scale further. The deal deepens a strategic partnership that already includes the Reliance Enterprise Intelligence Limited (REIL) joint venture — where Meta holds a 30% stake for Rs 855 crore — and positions Jamnagar as one of the world’s most important AI infrastructure hubs. The Reliance Industries share price had been trading near multi-month lows, and today’s Meta deal provides a fresh high-profile catalyst for a stock that remains nearly 20% below its 52-week high of Rs 1,611.80.

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About the Meta-Reliance AI Data Centre Deal

Meta Platforms, through an official announcement on June 10, 2026, confirmed that Reliance will build a first-phase 168 MW AI-enabled data centre at Jamnagar, Gujarat, which Meta will lease. The facility will be powered by renewable energy and is part of Reliance’s broader plan to develop one of the world’s largest data centre campuses at Jamnagar, leveraging the site’s significant energy resources. Meta stated it will have options to scale capacity beyond the initial 168 MW phase. This is Meta’s first AI data centre in India and is part of Meta’s 2026 capital expenditure plan of $125-145 billion for AI infrastructure globally, as the company races to build computing capacity to support Meta AI, Llama models, and generative AI products serving billions of users.

Why the Meta Deal Matters for Reliance Industries Share Price

Data Centre Rental Income: A New Recurring Revenue Stream

The Meta AI data centre deal creates a long-duration rental income stream for Reliance from one of the world’s largest and most credit-worthy technology companies. A 168 MW data centre at industry-standard rental rates can generate Rs 2,000-3,500 crore in annual rental revenue at maturity, depending on the lease economics. For the Reliance Industries share price, this represents a structurally new, recurring, and high-visibility earnings component that is largely independent of the volatility in Reliance’s core oil-to-chemicals business. As Meta scales from 168 MW to potentially much larger capacity at Jamnagar, the revenue opportunity grows proportionately.

REIL JV: AI Enterprise Products for India

Beyond the data centre, the Reliance Industries share price narrative is supported by REIL, the AI joint venture where Meta holds 30% and has invested Rs 855 crore. REIL will use Meta’s open-source Llama AI models to develop and distribute enterprise AI products for Indian businesses, leveraging Reliance’s Jio platform (480 million+ subscribers) and retail network to reach enterprise clients at scale. India’s enterprise AI market is at an early stage, and REIL positions Reliance as a key infrastructure and distribution layer for AI services in India.

Project Waterworth and India Connectivity

The Jamnagar data centre fits into Meta’s larger India investment thesis, which includes Project Waterworth — the world’s longest subsea cable system, which will bring premium international connectivity to India. This combination of AI infrastructure (data centre) and connectivity (subsea cable) reinforces India’s position as Meta’s most strategic emerging market outside the US, and makes the Reliance Industries share price a beneficiary of Meta’s long-term India buildout. The data centre’s renewable energy sourcing also aligns with Reliance’s Rs 75,000 crore clean energy investment plan and strengthens its green credentials.

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Reliance Industries Share Price: Fundamental Context

The Reliance Industries share price rally happens against a backdrop of near-term fundamental pressure. Q4 FY26 net profit declined 12.55% year on year to Rs 16,971 crore, impacted by weak refinery margins and a challenging global energy environment. The stock closed near its 52-week low of Rs 1,288 in early June, making the Meta deal announcement timely for investor sentiment. Revenue has been growing 4.6% quarter on quarter, reaching Rs 2.98 lakh crore, driven by the retail and telecom segments which continue to outperform the energy business. The upcoming AGM on June 19, 2026 is a key catalyst for the Reliance Industries share price — the market expects an update on the much-anticipated Jio IPO timeline.

Conclusion

The Reliance Industries share price 2% gain on June 10 reflects justified optimism about a transformational deal with Meta that establishes India’s first AI data centre from a global hyperscaler, creates long-term rental income for Reliance, and positions Jamnagar as a global AI infrastructure hub. The REIL JV, Project Waterworth, and Meta’s $125-145 billion AI capex commitment all reinforce that the Meta-Reliance partnership is a multi-decade, multi-layered strategic relationship. For investors tracking the Reliance Industries share price, the key near-term events are the June 19 AGM and Jio IPO update. Track live prices and analyst research on Univest. Consult a SEBI-registered advisor before investing.

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Frequently Asked Questions

Why is Reliance Industries share price rising today?

Ans. Reliance Industries share price is rising approximately 2% on June 10, 2026, after Meta Platforms announced an agreement to lease a 168 MW AI-enabled data centre in Jamnagar, Gujarat, to be built by Reliance. The deal is the first Meta AI data centre in India and marks a major expansion of the Meta-Reliance strategic partnership that includes the REIL joint venture (30% Meta stake, Rs 855 crore) announced in October 2025.

What is the Meta-Reliance AI data centre deal?

Ans. Meta Platforms and Reliance Industries announced on June 10, 2026, that Reliance will build a 168 MW AI-enabled data centre at its Jamnagar campus in Gujarat — the largest planned data centre campus in the world. Meta will lease the facility, powered by renewable energy, with options to scale capacity. This is Meta’s first AI data centre in India and part of Meta’s $125-145 billion 2026 capex plan for AI infrastructure.

What is REIL and what is Meta’s stake in it?

Ans. REIL stands for Reliance Enterprise Intelligence Limited, a joint venture incorporated in October 2025 between Reliance Industries and Facebook Overseas Inc., a wholly-owned subsidiary of Meta Platforms. Meta acquired a 30% stake in REIL for approximately Rs 855 crore. REIL will develop, market, and distribute enterprise AI services in India, using open-source Llama AI models to build AI products for Indian businesses.

What is Reliance Industries’ current financial performance?

Ans. Reliance Industries reported Q4 FY26 net profit of Rs 16,971 crore, down 12.55% year on year, impacted by weak refining margins. Revenue for the quarter was Rs 2.98 lakh crore, reflecting 4.6% QoQ growth. The company declared a dividend of Rs 6 per share for FY26. Market cap is approximately Rs 17.47 lakh crore. The upcoming AGM on June 19, 2026 is expected to provide updates on the Jio IPO timeline.

What is Project Waterworth and how does it connect to Reliance?

Ans. Project Waterworth is Meta’s ambitious plan to build the world’s longest subsea cable system, connecting the US, India, South Africa, and other regions. It complements the Jamnagar AI data centre by providing world-class internet connectivity to the facility and to India’s broader digital ecosystem. The combination of AI data centre infrastructure and Project Waterworth positions Jamnagar as a major global AI and connectivity hub.

What is the Reliance Industries share price outlook after the Meta deal?

Ans. The Meta data centre deal is a long-term positive for Reliance Industries share price, representing a recurring rental income stream from a global technology giant over a multi-year period. However, the near-term share price reaction needs to be assessed against Reliance’s broader challenges: 52-week high of Rs 1,611.80 vs current price of ~Rs 1,305-1,315 suggests significant distance from the annual high. Analyst targets vary. Consult a SEBI-registered advisor before investing.