Adani Enterprises to invest Rs 50,000 crore in Maharashtra for hyperscale data center

MUMBAI – Adani Enterprises Ltd will invest Rs 50,000 crore in Maharashtra over the next 10 years to set up 1 GW of hyperscale data infrastructure, the company said on Wednesday.

The Memorandum of Understanding between the state government and the company was signed in the presence of Maharashtra’s Chief Minister Eknath Shinde and Adani group’s chairman Gautam Adani at the World Economic Forum 2024.

The infrastructure for this data center will be set up in either Mumbai or Navi Mumbai and Pune, and will provide direct and indirect employment to 20,000 people. “The Adani Group also intends to make deemed distribution investments to power the proposed 1 GW hyperscale data center infrastructure,” the company said in its statement.


The project will be powered by renewable energy, which is seen enhancing the green energy infrastructure in Maharashtra. “Mega projects like this have facilitated Mumbai's renewable energy journey and aligns well with its broader sustainability goals contributing to India's broader renewable energy targets,” the Adani group said.

Earlier on Wednesday, the Adani group also announced an investment of Rs 12,400 crore in Telangana where Adani Enterprises will invest over Rs 5,000 crore in a 100 MW data centre.

Adani Green Energy will invest over Rs 5,000 crore to set up two pump storage projects (PSPs) –850 MW at Koyabestagudem and 500 MW at Nacharam, while Ambuja Cements will invest Rs 1,400 crore to set up a 6 MTPA cement plant in the next five years in the state.

Adani Defence Systems and Technologies will also invest over Rs 1,000 crore in 10 years to set up a comprehensive ecosystem for the research, development, design, manufacturing and integration of counter-drone and missile systems at the Adani Aerospace Park.

Shares of Adani Enterprises closed at 2,971.05 rupees on the NSE, down 2.8% from the previous close. The benchmark Nifty closed 2.1% lower.