Reliance Infrastructure Limited has established three new subsidiaries dedicated to artificial intelligence and related technologies: Reliance AI World Private Limited, Reliance AI Apex Private Limited, and Reliance AI One Private Limited. This strategic move aims to engage with the rapidly advancing field of AI and associated technologies, integrating AI and tech-enabled services within the subsidiaries’ operations.
On Monday, the company’s stock experienced a significant increase, rising nearly 5% to Rs 85.84 on the NSE, compared to its previous close of Rs 81.76. This surge in stock value reflects investor optimism following the AI announcement, with the company’s market capitalisation reaching Rs 3,500 crore.
The announcement came shortly after Reliance Infrastructure requested a review from SEBI, NSE, and BSE regarding the ASM framework linked to the Insolvency and Bankruptcy Code. The company argues that the current trading restrictions, which allow trading only once a week within a narrow 5% price band, negatively impact price discovery and affect its large base of retail shareholders.
As a major player in India’s infrastructure sector, Reliance Infrastructure operates across various domains, including power, defence, metro rail, EPC, and roads. In the power sector, the company covers the entire value chain from generation to trading and supplies electricity to Delhi. It has also commissioned significant transmission projects and ventured into the defence sector, developing a wide range of capabilities. Additionally, through special-purpose vehicles, the company has completed a metro rail project in Mumbai, several road projects, and operates cement plants in Madhya Pradesh and Maharashtra.
