Adani Enterprises, Jabil Ink MoU for 50:50 Data Centre Hardware JV
Adani Enterprises and Jabil signed an MoU for a 50:50 joint venture to manufacture AI and data centre equipment in India. The JV will focus on AI racks, servers, power, and cooling systems, targeting a global market opportunity exceeding $3 trillion. This aligns with Adani's goal of developing 5 GW of AI-ready data centres by 2035.
The formation of a joint venture with a global player like Jabil to manufacture critical AI and data centre hardware in India has significant implications for Adani Enterprises' strategic positioning and market expansion in a high-growth sector.
The announcement details a strategic partnership and joint venture to tap into the growing AI and data centre market, which is a positive development for the company's future growth and expansion.
Adani Enterprises Limited (AEL), the flagship company of the Adani Group, and Jabil Inc. have signed a non-binding Memorandum of Understanding (MoU) to establish a proposed 50:50 joint venture for manufacturing and assembling artificial intelligence (AI) and data centre equipment in India. This JV aims to build a multi-gigawatt AI infrastructure platform, including AI racks, servers, networking, power, and cooling systems, to cater to India's accelerating data centre demand and the global market opportunity estimated at over $3 trillion in the next seven years.
The proposed joint venture is subject to the execution of definitive agreements, receipt of applicable approvals, and satisfaction of customary conditions. This follows a prior announcement in June 2026 regarding Adani Group and Jabil's intent to form a strategic alliance for AI and data centre infrastructure manufacturing in India.
Mr. Gautam Adani, Chairman of Adani Group, stated that the JV represents a strategic step to evolve up the AI value chain, from powering and hosting AI infrastructure to engineering and manufacturing critical systems. Mr. Mike Dastoor, CEO of Jabil Inc., highlighted that the JV will integrate Jabil's engineering and manufacturing expertise with Adani's infrastructure and energy capabilities to serve hyperscalers in India and globally.
The venture is expected to have multi-gigawatt AI rack manufacturing capacity and will align with Adani Group's commitment to developing 5 GW of green-energy-powered, hyperscale AI-ready data centres by 2035. For Jabil, this expands its engineering and manufacturing footprint in India's data centre market.
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Adani Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Enterprises Limited. Read the original for the full detail.