Adani Enterprises announced a non‑binding Memorandum of Understanding with US‑based Jabil on Wednesday, October 13, following a June 2026 joint announcement of a strategic alliance to build an AI and data‑centre infrastructure manufacturing ecosystem in India. The MoU sets a framework for a proposed 50:50 joint venture that would manufacture and assemble AI racks, servers, storage and networking equipment for data‑centres. Shares rose as much as 1 % to an intraday high of ₹2,715.80 before settling at ₹2,697 at 10:25 AM on the NSE, after touching an intraday low of ₹2,683.

The proposed joint venture remains contingent on the execution of definitive agreements, receipt of applicable approvals and satisfaction of customary conditions. It will manufacture and assemble AI racks, servers, storage and networking equipment, with racks designed to house high‑performance computing systems for AI applications and other digital services. The portfolio will also include power distribution units, liquid‑cooling systems and transformers required to power and cool these systems, ensuring a comprehensive hardware solution for data‑centre operations. The venture is expected to achieve multi‑gigawatt AI rack manufacturing capacity, supporting computing systems with a combined power capacity of several gigawatts, and will also provide installation and commissioning services.

Gautam Adani, Chairman of the Adani Group, said the joint venture marks a strategic step toward building the physical backbone of the global AI economy. He highlighted that the collaboration combines Jabil’s world‑class engineering and manufacturing capabilities with Adani’s integrated strengths in energy, infrastructure and data‑centres, aiming to support the development of hyperscale AI‑ready facilities. The 50:50 partnership will establish a manufacturing base in India to serve domestic demand and support exports, aligning with Adani’s $100 billion commitment to develop 5 GW of green‑energy powered, hyperscale AI‑ready data‑centres by 2035.

India’s data‑centre capacity is projected to reach 5–8 GW by 2030, driven by AI adoption, cloud expansion and data localisation. The joint venture would provide a manufacturing base in India to serve domestic demand and support exports, with the companies estimating a global market opportunity of more than $3 trillion over the next seven years, driven by investment in AI computing. The venture aligns with Adani Group’s $100 billion commitment to develop 5 GW of green‑energy powered, hyperscale AI‑ready data‑centres by 2035, expanding the Group’s presence across infrastructure, energy, logistics and data‑centres.

For Jabil, which reported $36 billion in revenue in fiscal year 2026, the venture would expand its engineering and manufacturing footprint in India’s data‑centre market. The company has broadened its data‑centre capabilities through the acquisition of Hanley Energy Group, which provides critical power and energy management solutions, and Mikros Technologies, which specialises in liquid cooling solutions for high‑performance computing systems. Mike Dastoor, CEO of Jabil Inc., said the MoU is the next step forward in establishing a scaled AI infrastructure manufacturing platform in India, a market he believes will become increasingly important for both domestic and global AI infrastructure demand.

After the announcement, Adani Enterprises shares settled at ₹2,695 on the National Stock Exchange, gaining 2.47 % in after‑hours trading. The development came after market hours, with the stock initially rising before stabilising. Earlier in the day, the shares had touched an intraday high of ₹2,715.80 before falling to an intraday low of ₹2,683, reflecting market volatility around the MoU announcement. The article includes a disclaimer that it is for informational purposes only and does not constitute investment advice, urging readers to consult a financial advisor before making investment decisions.