Reliance Industries Could Add $100 Billion to Market Cap: Morgan Stanley

05 Jul 2024 CW Team

Morgan Stanley has projected that Reliance Industries could potentially add up to $100 billion to its market capitalization over the next few years. This optimistic forecast is based on the company's robust growth strategy, diversification into new sectors, and strong financial performance.

Reliance Industries, led by Mukesh Ambani, has been aggressively expanding its footprint across various sectors, including telecommunications, retail, and green energy. Morgan Stanley's analysis highlights the significant revenue and profit growth potential stemming from these ventures, particularly in the rapidly growing digital and renewable energy markets.

The report underscores the success of Reliance Jio, the company?s telecommunications arm, which has revolutionised the Indian telecom industry with its affordable data plans and extensive network coverage. Similarly, Reliance Retail continues to expand its market presence, leveraging both physical stores and e-commerce platforms to capture a larger share of the consumer market.

Morgan Stanley also notes Reliance's ambitious plans in the green energy sector, which include investments in solar energy, hydrogen production, and battery storage solutions. These initiatives are expected to position Reliance as a major player in the global transition to sustainable energy, further driving its market value.

The financial firm believes that Reliance's diversified business model, coupled with its strategic investments and innovation-driven approach, will continue to generate substantial shareholder value. If these growth trajectories are realised, Reliance Industries could see a significant boost in its market capitalization, reaffirming its status as one of India?s most valuable companies.

In conclusion, Morgan Stanley?s bullish outlook on Reliance Industries reflects the company's strong potential for continued growth and market dominance across multiple sectors.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..