Reliance Industries / Jio Platforms
RELIANCE.NSpublicTelecom & AI Infrastructure
India's largest company. Jio AI-Cloud — the most ambitious AI infrastructure project in the developing world. Mukesh Ambani announced 2GW of AI compute (200 exaflop target) for India at Reliance AGM 2024. Partnered with NVIDIA for DGX Cloud and Jio AI-Cloud. The gateway to India's AI market.
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2024 CAPEX
$5.0B
Latest Quarter
$1.4B
Q4'24
Multi-year (2GW target) Guidance
$20.0B
CAPEX History — Quarterly
Quarterly Data & Sources
| Quarter | CAPEX | Revenue | % Rev | Source |
|---|---|---|---|---|
| Q4'24 | $1.4B | $30.0B | 4.7% | Reliance Q4 FY2025 Earnings (est.) |
| Q3'24 | $1.3B | $28.0B | 4.6% | Reliance Q3 FY2025 Earnings (est.) |
| Q2'24 | $1.2B | $27.0B | 4.4% | Reliance Q2 FY2025 Earnings (est.) |
| Q1'24 | $1.1B | $26.0B | 4.2% | Reliance Q1 FY2025 Earnings (est.) |
Q1'24 — Converted from INR at 84 INR/USD. Jio AI-Cloud portion estimated at ~$1-1.5B/qtr from 2024.
Q2'24 — Converted from INR at 84 INR/USD
Q3'24 — Converted from INR at 84 INR/USD
Q4'24 — FY2025 total AI CAPEX est. ~$5B. Includes Jio AI-Cloud infrastructure.
Guidance Tracker
Multi-year (2GW target)
On Track
“Jio AI-Cloud will make India the AI powerhouse of the world. We are committing to 2,000 megawatts of AI compute — 200 exaflops — to serve every Indian.”
Guided: $20.0B
Key Quotes
Mukesh Ambani·Chairman·2024-08-29
“AI is the next utility. Just as Jio democratized data, Jio AI-Cloud will democratize artificial intelligence for 1.4 billion Indians.”
Reliance Industries AGM 2024
Compute Clusters
Jio AI-Cloud DGX cluster
NVIDIA DGX H100
deploying
Partnerships & Investments
NVIDIA
NVIDIA and Jio partnership for AI-Cloud — NVIDIA DGX Cloud infrastructure powering Jio AI-Cloud.
compute
SEC Filings
indiatelecomAI-cloudinfrastructurepublicJio2GW