01-Jul-2026 11:27:12
Reliance Power Surges 18% After AI Foray Through Subsidiaries
Reliance Power shares surged as much as 18% after the company announced its entry into the artificial intelligence and allied new-age technology space. Through its subsidiaries, the company amended business objectives to include AI and technology-enabled services and renamed four entities, including Reliance AI Green Power, Reliance AI Power, Reliance AI Data Control, and Reliance AI Data C. The strategic move boosted investor sentiment despite the company not disclosing specific investment plans or timelines for its AI initiatives.