Adani stocks rise up to 3% after group announces $100 billion AI-energy investment plan

Synopsis

Adani Group stocks rose sharply after the conglomerate announced a $100 billion plan to build renewable-powered, AI-ready data centres by 2035. The initiative includes a 5 GW data centre platform and ties with global tech giants, positioning India as a major AI infrastructure hub.

Shares of Adani Group companies advanced on Tuesday after the conglomerate unveiled a $100 billion investment plan to build renewable energy-powered, AI-ready data centres by 2035, marking one of the largest integrated energy and compute commitments globally.

Adani Energy Solutions led the gains, rising around 3%, while Adani Enterprises and Adani Ports climbed about 2% each. Adani Green Energy also added roughly 2%, and Adani Power was up 1% in early trade.

The rally followed the group's announcement of a long-term plan to create a 5-gigawatt integrated data centre platform powered by renewable energy, positioning India as a key hub in the global AI infrastructure build-out.

Adani Group said it would invest $100 billion directly over the next decade to develop hyperscale, AI-ready data centres backed by green power. The initiative is expected to catalyse an additional $150 billion in investments across server manufacturing, advanced electrical infrastructure, sovereign cloud platforms and related industries, creating a projected $250 billion AI ecosystem in India by 2035.

Chairman Gautam Adani described the plan as a response to what he called an "Intelligence Revolution," arguing that countries able to combine energy security with computing power will define the next decade. He said India should aim to be a creator and exporter of intelligence rather than just a consumer.

The roadmap builds on AdaniConnex's existing 2 GW data centre capacity and aims to scale it to 5 GW. The group has already tied up with Google to set up a gigawatt-scale AI data centre campus in Visakhapatnam and additional campuses in Noida.

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It is also working with Microsoft on facilities in Hyderabad and Pune and is in discussions with other global technology players. The announcement also includes an expanded partnership with Flipkart to develop a second AI-focused data centre to support high-performance computing and large-scale AI workloads.

From a market perspective, the biggest beneficiaries of the announcement are likely to be Adani Green and Adani Energy Solutions, given the heavy focus on renewable energy and transmission infrastructure. The 5 GW data centre plan is closely linked to Adani Green's 30 GW Khavda renewable energy project, of which over 10 GW is already operational.

The group has also committed an additional $55 billion to expand its renewable portfolio, including large battery energy storage systems.

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The group said the data centres will be designed as a unified energy-and-compute ecosystem, where renewable generation, transmission and high-density processing capacity are developed together rather than as separate projects. Facilities will be optimised for large AI workloads and advanced cooling systems, with dedicated capacity to support Indian large language models and national data initiatives.

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