Adani Announces $100 Billion AI Data Centre Push in India, Lifts Group Shares

The Adani Group on 17 February 2026 announced a long-term capital deployment plan to invest US $100 billion by 2035 to build renewable-energy-powered, AI-ready data centres across India. The plan combines large-scale data centre capacity with captive green energy generation and partnerships with global technology firms, marking one of the largest private commitments to AI infrastructure in the country to date.

The question now is: what exactly does this investment encompass, how will it be executed, and what impact might it have on investors and the economy at large?

What Does The $100 Billion Investment Involve?

Adani will invest US $100 billion directly into building and scaling hyperscale, AI-ready data centre capacity powered entirely by renewable energy by 2035. The programme will expand its existing data centre platform, currently estimated at around 2 GW, to a targeted 5 GW of installed capacity over the next decade. The model integrates solar and wind generation with battery storage to support high-density computing loads while maintaining carbon-neutral operations.

Beyond direct capital deployment, the group estimates the plan could catalyse an additional US $150 billion in associated investments across server manufacturing, grid upgrades, sovereign cloud platforms and digital infrastructure services, creating an AI infrastructure ecosystem of roughly US $250 billion by the mid-2030s.

Proposed locations include large-scale AI campuses in Visakhapatnam, Hyderabad, Pune and Noida, with technology partnerships involving global players such as Google, Microsoft and Flipkart. The programme also includes capacity building in AI infrastructure engineering and support for domestic AI startups and research institutions.

How Did Markets React?

Equity markets responded positively following the announcement. Shares of Adani Enterprises rose by up to around 3% intraday. Other group companies, including Adani Ports and Special Economic Zone and Adani Green Energy, recorded gains in the 1–3% range in the same session.

Benchmark indices such as the BSE Sensex and NSE Nifty 50 posted modest advances, supported in part by strength in technology and infrastructure-linked stocks.

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What Are The Strategic And Economic Implications?

India’s data centre industry remains underdeveloped relative to its digital consumption and AI adoption levels. Currently, the installed capacity is estimated to have risen from under 1 GW in recent years to around 2 GW by 2026. However, India continues to account for a small share of global data centre capacity. The Adani roadmap aims to accelerate domestic AI compute capacity and integrate it with renewable power at scale.

If executed as planned, the programme could reduce dependence on overseas data infrastructure, strengthen domestic data localisation, and support upstream industries such as server hardware and power transmission equipment. The projected AI infrastructure ecosystem could also raise demand for cloud services, advanced computing and enterprise AI deployment, strengthening India’s position in global data processing and AI application hosting.

However, the scale and duration of the plan introduce execution and financing risks. Sustained capital availability, regulatory approvals, grid readiness, and long-term power procurement arrangements will be critical to delivery. The pace of global AI demand growth and pricing pressure in hyperscale data centre markets will also influence the commercial viability of returns over the investment horizon.

Sources:

KPMG

Adani

Indian Express

Informist