Adani Group has unveiled plans to channel $100 billion into building renewable energy–powered, AI-capable data centres by 2035, aiming to create the world’s largest fully integrated data centre network.
The investment aligns with India’s ambition to strengthen its position in the global artificial intelligence landscape. The company estimates the move could generate a $250 billion AI infrastructure ecosystem over the next decade, while triggering an additional $150 billion in related industries such as server production, sovereign cloud services and other support sectors.
Group chairman Gautam Adani described the shift toward AI as a transformation deeper than any previous industrial era, stressing that India intends to play a leading role in developing and exporting AI capabilities rather than simply consuming them.
The announcement comes during India’s AI Impact Summit, a five-day gathering featuring major global technology figures including Sam Altman of OpenAI and Sundar Pichai of Alphabet Inc.. The event is being positioned as the first major global AI conference hosted in the Global South.
Following the announcement, shares of Adani Enterprises climbed 2.3%, ranking among the top performers on India’s Nifty 50, while Adani Green Energy gained 1.8%.
The expansion will build on AdaniConnex’s existing 2-gigawatt national data centre capacity, with plans to scale up to 5 gigawatts. AdaniConnex is a joint venture between Adani Group and global data centre provider EdgeConnex.
The company also highlighted strategic collaboration with Google and indicated discussions with additional partners to develop large-scale AI campuses across India.
Separately, Alphabet had earlier announced a $15 billion investment over five years to establish an AI data centre hub in southern India.
Despite the upbeat investment plans, Adani Group’s stocks have faced recent volatility. Shares declined after disclosures revealed that the U.S. Securities and Exchange Commission is seeking to issue summons to Gautam Adani and his nephew, Sagar Adani, over alleged bribery and fraud. Gautam Adani was indicted in New York federal court in November 2024 alongside several others in connection with the case.
India’s Ministry of Law and Justice reportedly declined twice last year to serve the summons under the Hague Convention, according to filings cited by the SEC.
