Adani Group energy stocks surge on AI data centre investment plan
Updated
Updated · Bloomberg · May 8
Adani Group energy stocks surge on AI data centre investment plan
11 articles · Updated · Bloomberg · May 8
Adani plans to invest $100 billion by 2035 in AI-ready, green-powered data centres, lifting Adani Green nearly 70% this quarter and Adani Energy Solutions and Adani Power about 50% each.
The strategy positions the conglomerate as a potential supplier to hyperscalers and has made its energy units one of India’s few clear stock-market plays on artificial intelligence.
India’s record electricity demand has added momentum, with the three Adani stocks outperforming the broader BSE power gauge as investors bet on rising power needs from data centres.
Can Adani's $100B green AI vision truly be sustainable amid India’s looming energy and water crises?
As one group builds a national AI ecosystem, is India achieving technological sovereignty or creating a new monopoly?