Synopsis : Adani Group has announced a $5 billion investment in Google’s AI data centre project in Andhra Pradesh, strengthening India’s position in the global AI infrastructure race.
The company also unveiled major capital expenditure and fundraising plans to support its rapid digital and industrial expansion.
Adani to Invest $5 Billion in Google’s AI Data Centres
The Adani Group is gearing up for a monumental push into India’s digital future. On Friday, CFO Jugeshinder Singh announced that the conglomerate will invest $5 billion in Google’s upcoming AI mega data centre hub in Andhra Pradesh. The expansion marks a significant leap in India’s ambition to become a global digital and AI powerhouse.
Speaking on the sidelines of an industry event, Singh noted that interest in the project extends far beyond Google.
“It’s not only Google; many other parties are also interested in collaborating with us, especially as data centre capacity reaches 1 gigawatt or beyond,” he said, while refraining from sharing the timeline for the investment.
Context: Google’s $15 Billion Commitment to Vizag
In October, Adani Enterprises, through its joint venture AdaniConneX, partnered with Google to establish India’s largest AI data centre in Visakhapatnam. Google has already pledged $15 billion over five years to build this state-of-the-art facility, a cornerstone in its global AI infrastructure vision.
The addition of Adani’s $5 billion further accelerates the scale and strategic importance of this massive AI hub.
Funding Plans: Rs 90,000 Crore to Be Raised Next Year
To support its growing infrastructure and digital ambitions, the Adani Group plans to raise Rs 90,000 crore in the next financial year.
According to Singh:
55% will be sourced domestically from banks and debt markets.
The remaining 45% will come from global banks and overseas markets.
6% of the domestic share will come specifically from the debt capital market.
Capex Outlook: Rs 1.5 Lakh Crore Planned
The conglomerate has outlined a staggering Rs 1.5 lakh crore capex for the next fiscal year.
So far this year, Adani Group has already raised Rs 80,000 crore through equity and debt, and targets an additional Rs 44,000 crore before year-end. Singh noted that the company typically raises around Rs 40,000 crore each quarter, depending on market conditions.
This massive investment pipeline underscores Adani’s aggressive push toward nation-building, infrastructure development, and deep-tech integration.
Disclaimer : This article is for information purposes only and does not constitute financial or investment advice. Readers should conduct their own research or consult a financial advisor before making investment decisions.
