Stock Markets June 9, 2026 10:58 PM

Meta to Lease 168 MW AI Data Center from Reliance in Jamnagar, India

Partnership extends prior $100 million joint venture as companies plan enterprise AI capacity powered by renewables

By Sofia Navarro
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META RELI

Meta Platforms and Reliance Industries have agreed that Reliance will construct a 168 megawatt artificial intelligence data center in Jamnagar, Gujarat, which Meta will lease. The facility will run on renewable energy and the two firms will evaluate potential capacity increases. The agreement builds on an earlier $100 million joint venture to develop enterprise AI products using open-source Llama models for Indian businesses.

Meta to Lease 168 MW AI Data Center from Reliance in Jamnagar, India
META RELI
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Key Points

  • Reliance will construct a 168 megawatt AI data center in Jamnagar, Gujarat, which Meta will lease.
  • The site will be powered by renewable energy and the two companies may pursue capacity increases at the location.
  • The deal builds on a $100 million joint venture earlier this year to develop enterprise AI products using open-source Llama models for Indian businesses.

Overview

Meta Platforms Inc has reached an agreement with Indian conglomerate Reliance Industries Ltd for the construction and lease of an AI-focused data center in Jamnagar, in the western Indian state of Gujarat. Under the arrangement, Reliance will build a 168 megawatt facility and Meta will be the tenant, according to the announcement from the companies.


Facility and power

Reliance will develop the 168 megawatt site in Jamnagar, with Meta taking the lease. The companies stated they will consider options to expand the site’s capacity over time. The facility is planned to be supplied by renewable energy sources.


Commercial and strategic context

The agreement reinforces a commercial relationship between Meta and Reliance that dates to an earlier joint venture. Earlier this year the two companies announced a $100 million joint venture under which they will use open-source Llama AI models to build enterprise AI products aimed at Indian businesses. The new lease-and-build deal for the Jamnagar data center builds on that collaboration.


Industry backdrop

The announcement arrives amid heightened competition among major technology firms to expand AI computing capacity. Meta has publicly committed to a substantial capital program to support its AI expansion, including a spending range of $125 billion to $145 billion in 2026 to fund its AI buildout.


Implications

This transaction combines large-scale data center capacity, renewable power sourcing and a continuation of joint efforts to commercialize enterprise AI products in India. The structure - a developer building a site that is leased by a hyperscale tenant - follows a common pattern in large cloud and AI infrastructure deployments.

Risks

  • Uncertainty about future capacity expansions - the companies said they will consider options to increase capacity but provided no specifics. This impacts data center and cloud infrastructure sectors.
  • Execution risks tied to building and powering a large-scale facility - construction, permitting and renewable energy sourcing could affect timelines and costs, impacting the infrastructure and utilities sectors.
  • Dependence on the prior JV’s technology approach - the enterprise AI products referenced rely on open-source Llama models, and commercial outcomes for related products are not specified. This affects the enterprise software and AI product markets.

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