Adani Enterprises Limited has signed a Memorandum of Understanding (MoU) with US-based manufacturing leader Jabil Inc. to establish a 50:50 joint venture aimed at manufacturing and assembling high-performance artificial intelligence (AI) and data center hardware in India.
Key Highlights & Venture Scope
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Core Products: The joint venture will manufacture AI racks, servers, storage units, networking equipment, power distribution units (PDUs), transformers, and liquid-cooling systems.
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Production Scale: The facility is expected to feature multi-gigawatt AI rack manufacturing capacity, catering to both domestic Indian demand and global export markets.
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End-to-End Solutions: Alongside equipment production, the venture will offer full-suite installation and commissioning services for hyperscale data centers.
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Market Impact: On Tuesday, shares of Adani Enterprises gained ₹63.00 on the BSE, closing at ₹2,694.00 per share.
Strategic Context
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Long-Term Investment: The collaboration aligns with Adani Group’s overall $100 billion commitment to construct 5 gigawatts (GW) of green-energy-powered, AI-ready hyperscale data centers by 2035.
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Next Steps: The proposed JV remains subject to the execution of definitive legal agreements, customary regulatory approvals, and closing conditions.
Leadership Perspectives
“The AI revolution will demand far more than just breakthroughs in algorithms. It will require an entire new industrial architecture where energy, hyperscale infrastructure, advanced computing, and precision manufacturing converge to power the intelligence economy.”
— Gautam Adani, Chairman, Adani Group
“The signing of this MoU is the next step forward in our shared efforts to establish a scaled AI infrastructure manufacturing platform in India… [allowing Jabil] to bring its rack-level data centre solutions to more hyperscalers in India and around the world.”
— Mike Dastoor, CEO, Jabil Inc.
