Adani Group Plans $5 Billion Investment in Google's India AI Data Center Hub

Adani to invest $5 billion in Google data centers, CFO says

The Indian conglomerate, led by billionaire Gautam Adani, is planning to invest as much as $5 billion in Google's upcoming AI infrastructure hub in southern India, according to chief financial officer Jugeshinder Singh, showing the steady stream of investments pouring in the fast-growing data center business. The details of the investment are still being finalised, Singh told reporters at an event in Mumbai. Adani Enterprises last month announced a partnership with Alphabet, via AdaniConneX, to develop India's largest AI data center campus at Visakhapatnam in Andhra Pradesh.. The announcement mirrors the global trend where governments and large corporations are spending trillions in an unprecedented AI hardware arms race. Digital Connexion, a joint venture of Reliance Industries Ltd., signed an $11 billion investment pact for building data centers at Visakhapatnam this week, while Tata Consultancy Services Ltd. last week secured $1 billion from TPG Inc. to accelerate its own efforts. Investments in India's overall data center market are expected to exceed $100 billion by 2027, according to estimates by CBRE Group Inc.

Adani Makes $5 Billion 'Power Play' To Fuel Google AI Center - Alphabet (NASDAQ:GOOGL)

Gautam Adani's Adani Group plans to invest up to $5 billion in Alphabet Inc's (NASDAQ:GOOGL) upcoming AI infrastructure hub in southern India. Chief Financial Officer Jugeshinder Singh told Bloomberg that the firm was working on the final investment terms. The Google is ramping up its India expansion. The plan is to invest $15 billion and build its largest artificial intelligence data center outside the U.S. in Visakhapatnam. The hub will launch with 1 gigawatt of power capacity. Also Read: Google Looks To Germany For AI, Data Center Expansion As Alphabet Commits $6.4 Billion Google Cloud CEO Thomas Kurian said the initiative reinforces a shared U.S.-India commitment to responsible AI development. The project also includes partnerships with Gautam Adani's AdaniConneX and Bharti Airtel to develop supporting infrastructure. Adani called it a "monumental day for India," highlighting the campus' AI-specific compute design. Google emphasized the investment's economic benefits for both nations. President Donald Trump recently noted that the U.S. was nearing the finalization of a new trade deal with India. He claimed the agreement will boost U.S. energy exports, strengthen defense cooperation, and drive investment, even as India reportedly scales back Russian oil purchases amid U.S. sanctions pressure. Mukesh Ambani's Reliance Industries agreed to halt Russian crude imports for its Jamnagar export refinery starting December 1 -- a move widely seen as easing U.S.-India tensions as Washington's sanctions on Russian oil take effect. Despite a 10-year supply deal signed last year, Reliance is shifting exports to non-Russian sources, helping reduce a key friction point in ongoing U.S.-India trade negotiations. Reliance's Digital Connexion recently committed $11 billion to data centers in Visakhapatnam, while Tata Consultancy Services secured $1 billion from TPG to accelerate its expansion. CBRE Group Inc estimates investments in India's data center market will surpass $100 billion by 2027. Price Action: GOOGL stock was trading lower by 0.65% to $317.91 at last check on Friday. Read Next: Google Future Divides Wall Street As AI Hype Meets Skepticism Image: Shutterstock GOOGLAlphabet Inc$319.90-0.09%OverviewMarket News and Data brought to you by Benzinga APIs

Adani Eyes $5B Stake in Google's India AI Hub to Turbocharge Infra

Adani Plans Massive $5B Investment in Google's India AI Data Centre to Drive Next-Gen Infrastructure The Adani Group is weighing an investment of up to $5 billion in Google's proposed AI data centre campus at Visakhapatnam in Andhra Pradesh. The project is a crucial part of the technology major's broader cloud-AI expansion in India. Adani's CFO said discussions are in progress and details are yet to be finalised. The partnership fits within the web company's previously announced $15-billion commitment between 2026 and 2030 to build one of the largest hubs in India, featuring subsea-cable links, renewable-energy capacity, and AI-ready infrastructure to power high-intensity computational workloads.

Adani plans $5 billion investment in Google data centers in India - Bloomberg By Investing.com

Investing.com -- Indian conglomerate Adani Group is planning to invest up to $5 billion in Google's upcoming artificial intelligence infrastructure hub in southern India, according to Bloomberg, citing Chief Financial Officer Jugeshinder Singh. Singh revealed the investment plans while speaking to reporters at an event in Mumbai, noting that the details of the investment are still being finalized. The investment represents a significant commitment to India's growing data center sector by the conglomerate led by billionaire Gautam Adani. Last month, Adani Enterprises Ltd. announced a partnership with Alphabet Inc., the parent company of Google, through AdaniConneX Pvt. The collaboration aims to develop what will become India's largest AI data center campus, located in Visakhapatnam in the state of Andhra Pradesh. This planned investment demonstrates the continued flow of capital into India's rapidly expanding data center business, as major technology companies and infrastructure developers position themselves to meet growing demand for AI computing resources in the region. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

India's Adani seeks up to $5 billion investment in Google data center to join AI boom

(Reuters) -India's Adani Group plans to invest up to $5 billion in Alphabet-owned Google's India AI data centre project, an executive said on Friday, as it seeks to cash in on booming demand for data capacity in the world's most populous nation. In October, Google said it would invest $15 billion over five years to set up an artificial intelligence data centre in the southern state of Andhra Pradesh, its biggest investment in India. AI requires enormous computing power, pushing demand for specialised data centres that enable thousands of chips to be linked in clusters. Adani Group CFO Jugeshinder Singh said the Google project could mean an investment of up to $5 billion for Adani Connex - a joint venture between Adani Enterprises and private data centre operator EdgeConneX. "It's not just Google, there are a lot of parties that would like to work with us, especially when the data centre capacity goes to gigawatt and higher," Singh told reporters on Friday. Google has committed to spending about $85 billion this year to expand data centre capacity as tech companies invest heavily in infrastructure to meet the booming demand for AI services. Indian billionaires Gautam Adani and Mukesh Ambani have also unveiled investments in building data centre capacity. The data centre campus in the port city of Visakhapatnam will have an initial power capacity of 1 gigawatt. (Reporting by Harshita Meenaktshi and Dhwani Pandya; Editing by Kevin Liffey)