AdaniConneX is in discussions with global lenders including DBS Group, Mitsubishi UFJ, and First Abu Dhabi Bank for a five- to seven-year offshore facility. The move follows an $800 million short-term loan finalized just months earlier to advance the company's computing facilities. This aggressive borrowing comes as domestic rival Reliance commits up to $110 billion toward artificial intelligence infrastructure over seven years. The funding race aligns with national projections expecting domestic data center capacity to jump to nearly eight gigawatts by 2030.
Key points
The funding supports Adani Group's long-term plan to allocate roughly $100 billion into d…: The funding supports Adani Group's long-term plan to allocate roughly $100 billion into digital and computing infrastructure by 2035.
Competition is accelerating rapidly as Reliance outlines its own $110 billion investment…: Competition is accelerating rapidly as Reliance outlines its own $110 billion investment plan for artificial intelligence infrastructure.
India projects its data center industry will draw $200 billion in investments while scali…: India projects its data center industry will draw $200 billion in investments while scaling capacity to eight gigawatts by 2030.
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AdaniConneX Pvt., a joint venture with data center operator EdgeConneX, is in talks with lenders including DBS Group Holdings Ltd., First Abu Dhabi Bank PJSC and Mitsubishi UFJ Financial Group Inc. for the offshore facility, the people said, asking not to be identified discussing private information.
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Adani Group plans to invest about $100 billion in data centers and other digital infrastructure by 2035, building on its sprawling energy business. Billionaire Mukesh Ambani’s Reliance conglomerate also plans to plow as much as $110 billion over seven years into artificial intelligence-related infrastructure.
The broader push is fueling a surge in India’s data center market as conglomerates race to build the computing capacity required for AI and cloud services. The government expects capacity to surge to nearly 8 gigawatts by 2030 from about 1.57 gigawatts in August 2026, while the country could draw roughly $200 billion of investment into the sector over the next seven to eight years, local media reported.
The Adani conglomerate is also holding talks with…
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