Proposed joint venture structure: 50:50 partnership between Adani Enterprises Limited and Jabil Inc.
Jabil's fiscal year 2026 revenue: $36 billion
Global market opportunity estimate: More than $3 trillion over the next seven years (2026-2033)
India's projected data centre capacity by 2030: 5–8 gigawatts (GW)
Adani Group's commitment: $100 billion to develop 5 GW of green-energy-powered, hyperscale AI-ready data centres by 2035
Planned hyperscaler spending across data centre, cloud, and AI ecosystems in India: More than $50 billion
Dates and Timeline
MoU signing date: October 13, 2026
Follows June 2026 announcement of intent to establish strategic alliance
Union Budget 2026 provides tax holiday for data centres until 2047
Digital Personal Data Protection Act, 2023 provides legal framework for data protection
Parties Involved
Adani Enterprises Limited (AEL), flagship company of Adani Group, Scrip Code: 512599 (BSE), ADANIENT (NSE)
Jabil Inc. (NYSE: JBL), global engineering, supply chain and manufacturing company
Regulatory recipients: BSE Limited and National Stock Exchange of India Limited
Purpose and Rationale
Establish AI infrastructure manufacturing platform in India
Manufacture and assemble AI racks, servers, storage, networking equipment, power distribution units, liquid-cooling systems, and transformers
Serve domestic demand and support exports
Combine Jabil's 60 years of engineering and manufacturing expertise with Adani's infrastructure and energy capabilities
Build physical backbone of global AI economy
Manufacturing Scope and Capacity
Multi-gigawatt AI rack manufacturing capacity
Support computing systems with combined power capacity of several gigawatts
Provide installation and commissioning services
Serve world's leading AI ecosystem players including hyperscalers, neoclouds, data centre operators, and enterprises
Strategic Alignment
Aligned with India's data centre capacity growth projections (5-8 GW by 2030)
Supports AI adoption, cloud expansion, and data localization trends
Complements Adani Group's presence across infrastructure, energy, logistics and data centres
Expands Jabil's engineering and manufacturing footprint in India's data centre market
Additional Context
Jabil expanded data centre capabilities through acquisitions of Hanley Energy Group (critical power and energy management solutions) and Mikros Technologies (liquid-cooling solutions for high-performance computing systems)
Venture would add hardware manufacturing to Adani Group's existing capabilities
Forward-Looking Statements
The release contains forward-looking statements based on current expectations, forecasts and assumptions
Outcomes may differ materially due to risks including: inability to negotiate binding agreement, unexpected costs or liabilities, changes in economic conditions, and regulatory actions
Jabil assumes no obligation to update these statements
