According to a Bloomberg report citing unnamed sources, the Adani Group plans to invest an extra USD 10 billion to set up data centres across India, aiming to tap into the growing demand fuelled by AI applications and business process outsourcing. The group has shortlisted Andhra Pradesh, Maharashtra, Gujarat and Tamil Nadu for two large-scale data centres with a total capacity of about 2 gigawatts. Land acquisition for the project is already in progress. Adani aims to expand its data centre capacity to 10 gigawatts in the long term.

Adani plans to invest USD 5.9 billion in data centre infrastructure in Maharashtra alone, highlighting its strong focus on expanding in this sector. As part of its long-term strategy, the group is also exploring opportunities to provide services to foreign governments. Adani Enterprises runs its data centre operations through AdaniConnex Pvt., a 50:50 joint venture with Sweden-based EQT’s EdgeConnex Inc. The partnership already has an operational facility in Chennai and is currently developing new centres in Mumbai, Pune, and Hyderabad.

The company is also negotiating with several international banks to secure offshore loans ranging from USD 1.2 billion to USD 1.4 billion, with the deal expected to be finalised in the next few weeks.

India’s data centre industry is growing rapidly, with demand set to outstrip supply. Last year, global capability centres leased a record 77.2 million square feet of office space in major cities across the country. While the largest data centres in the world are located in the United States, India’s most extensive facilities currently have capacities of less than 1 gigawatt, according to the report.