The Adani Group is reportedly seeking to raise around $1.5 billion through an offshore loan to finance its expansion in the data centre business. AdaniConneX, its joint venture with global data centre operator EdgeConneX, is in discussions with several international lenders for the proposed financing.
According to people familiar with the matter, the discussions involve DBS Group Holdings, First Abu Dhabi Bank (FAB) and Mitsubishi UFJ Financial Group (MUFG). The group is also holding talks with Natixis, ING Bank and Societe Generale.
The proposed loan is expected to have a tenure of five to seven years, while discussions on pricing are ongoing. The terms have not yet been finalised.
Adani’s $100 Billion Digital Infrastructure Plan
The proposed borrowing is part of the Adani Group’s broader plan to invest approximately $100 billion in data centres and other digital infrastructure by 2035. The investment strategy builds on the group’s existing energy business and aims to expand its presence in infrastructure supporting artificial intelligence and cloud computing.
The latest fundraising effort follows an $800 million data centre loan secured by AdaniConneX a few months ago. That facility had a tenure of 18 months. The proposed $1.5 billion financing would provide another source of funding for the joint venture’s expansion plans.
AdaniConneX is a 50:50 joint venture between Adani Enterprises and EdgeConneX, combining the group’s infrastructure and energy capabilities with its partner’s global data centre expertise.
India’s Data Centre Market Draws Major Investments
The Adani Group’s expansion comes amid a growing investment race among India’s major business groups to build capacity for AI and cloud services.
India’s data centre capacity stood at around 1.57 gigawatts in August 2026. The government expects this to increase to nearly 8 gigawatts by 2030. The sector could attract approximately $200 billion in investments over the next seven to eight years, according to industry estimates cited in reports.
Reliance Industries has also announced plans to invest up to $110 billion over seven years in artificial intelligence-related infrastructure, including data centres.
The rising demand for computing power, cloud storage and AI applications is driving the need for large-scale infrastructure and long-term financing.
Global Lenders in Funding Discussions
The proposed offshore loan involves a group of international banks with experience in infrastructure and corporate financing. DBS and First Abu Dhabi Bank declined to comment on the discussions, while the Adani Group and other lenders had not responded to requests for comment at the time of reporting.
If finalised, the $1.5 billion facility would support AdaniConneX’s funding requirements as the group advances its long-term digital infrastructure ambitions. However, the financing remains under discussion, and the final loan structure and terms are yet to be confirmed.
