Synopsis:
Adani Enterprises Ltd, came into focus following its announcement of a partnership with Google to develop India’s largest AI data centre campus in Visakhapatnam, Andhra Pradesh. The USD 15 billion investment over five years will combine AI-focused data centre infrastructure with new green energy projects, creating tens of thousands of jobs and strengthening India’s digital and energy ecosystem.
Adani Group stock came into focus today after news of a transformative partnership with Google to develop India’s largest AI data centre campus along with clean energy infrastructure. The deal highlights the company’s strategic push into high-growth technology and sustainable infrastructure sectors while bolstering investor confidence in its long-term vision.
Adani Enterprises Ltd, with a market capitalization of Rs. 288,008.49 crore, opened at Rs. 2,527.05, touching a high of Rs. 2,538.80 against the previous close of Rs. 2,526.70, reflecting an intraday increase of 0.49 percent.
What’s the News?
Adani Enterprises, through its joint venture AdaniConneX, has partnered with Google to develop India’s largest AI data centre campus and associated green energy infrastructure in Visakhapatnam, Andhra Pradesh.
The Google AI hub represents a multi-faceted investment of approximately USD 15 billion over 2026-2030, including gigawatt-scale data centre operations, a subsea cable network, and renewable energy generation. The project aims to support the most demanding AI workloads in India and will be implemented in collaboration with AdaniConneX and Airtel.
The hub will provide purpose-built AI data centre infrastructure that significantly increases compute capacity, accelerating India’s AI capabilities and fostering a generational shift in technology adoption.
Sustainability is a key focus, with investments planned in clean energy generation, transmission lines, and energy storage systems to support operations while enhancing grid resilience and capacity.
The development is expected to drive substantial economic growth for Visakhapatnam and Andhra Pradesh, generating tens of thousands of jobs across technology, construction, and clean energy sectors.
AdaniConneX is a 50:50 joint venture between Adani Enterprises and EdgeConneX, with plans to develop a 1GW environmentally and socially conscious data centre platform in India, leveraging the Adani Group’s infrastructure capabilities and EdgeConneX’s experience as a leading private data centre operator.
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Comments from Management
“The Adani Group is proud to partner with Google on this historic project that will define the future of India’s digital landscape,” said Mr Gautam Adani, Chairman of the Adani Group. “This is more than just an investment in infrastructure. It is an investment in the soul of a rising nation.
This partnership is a testament to our shared vision of nationbuilding and our commitment to empowering every Indian with the tools of the 21st century. Visakhapatnam is now set to become a global destination for technology, and we are thrilled to be the architects of this monumental journey.”
“To unlock India’s massive potential in the AI age, we are investing in the Google AI hub, which will provide the critical foundation to drive growth and enable businesses, researchers, and creators to build and scale with AI,” added Mr Thomas Kurian, CEO, Google Cloud.
“Working with Adani, we will bring our cutting-edge resources closer to communities and customers alike, and offer them the performance, security, and scalability to innovate and thrive on a global stage.”
Financial Snapshot
Quarter-on-Quarter, Adani Enterprises reported sales declining from Rs. 26,966 crore to Rs. 21,961 crore, down 18.5 percent, while operating profit decreased from Rs. 3,710 crore to Rs. 3,310 crore, down 10.8 percent. PBT fell sharply from Rs. 5,259 crore to Rs. 1,466 crore, a drop of 72.1 percent, and net profit declined from Rs. 4,015 crore to Rs. 976 crore, down 75.7 percent.
Year-on-Year, sales fell from Rs. 25,472 crore to Rs. 21,961 crore, a decrease of 13.7 percent, with operating profit slightly lower at Rs. 3,310 crore from Rs. 3,706 crore, down 10.6 percent. PBT decreased from Rs. 2,232 crore to Rs. 1,466 crore, a decline of 34.3 percent, while net profit dropped from Rs. 1,772 crore to Rs. 976 crore, down 44.9 percent.
About the Company
Adani Enterprises Ltd (AEL) is the flagship entity of the Adani Group, one of India’s largest business conglomerates. The company has historically focused on emerging infrastructure sectors, building and scaling businesses before spinning them off into listed entities.
Its portfolio includes significant ventures such as Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas, and Adani Wilmar. AEL’s future strategic focus spans green hydrogen, airport management, data centres, roads, and primary industries like copper and petrochemicals, offering substantial potential for value creation.
Written By Manan Gangwar
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