Reliance Infrastructure Limited has incorporated three new subsidiaries focused on artificial intelligence and allied technologies — Reliance AI World Private Limited, Reliance AI Apex Private Limited, and Reliance AI One Private Limited.
The company announced Monday that the move was aimed at participating in the “rapidly evolving field of Artificial Intelligence and allied new-age technologies,” with relevant objects covering AI and technology-enabled services adopted within the subsidiaries’ frameworks.
The exchange filing did not disclose capitalisation details, timelines, or specific business verticals the three entities will pursue.
Stock rises nearly 5% on AI announcement
Shares of Reliance Infrastructure rose 4.99 per cent in early trade on Monday to Rs 85.84 on the NSE, up from a previous close of Rs 81.76, touching an intraday high of Rs 85.84 against an open of Rs 84.99. The company’s market capitalisation stood at Rs 3,500 crore at the time.
IBC surveillance overhang
A day before the AI announcement, Reliance Infrastructure submitted a formal representation to SEBI, NSE and BSE seeking a review of the ASM framework linked to the Insolvency and Bankruptcy Code, under which trading in its stock is permitted only once a week within a narrow 5 per cent price band — restrictions the company said hurt price discovery and disproportionately harmed its more than seven lakh retail shareholders.
Reliance Infrastructure is among the largest companies in India’s infrastructure sector, operating across power, defence, metro rail, EPC, and roads. On the power side, the company spans the entire value chain — generation, transmission, distribution, and trading — and through its wholly owned subsidiary supplies electricity to Delhi.
Its subsidiary companies have commissioned three transmission projects involving eight national grid lines, the first such private sector lines to be commissioned in India.
The company has also entered the defence sector, developing capabilities across land-based weapon platforms, air combat vehicles, aircraft and avionics, missiles, unmanned systems, C4ISR systems, and surface and sub-surface shipbuilding.
Through special-purpose vehicles, Reliance Infrastructure has executed a metro rail project in Mumbai, eleven road projects spanning 1,000 kilometres, and cement plants with an aggregate capacity of 5.8 million tonnes across Madhya Pradesh and Maharashtra.
