What was filed
Adani Enterprises Limited (AEL) submitted a media release to the exchanges disclosing that it and Jabil Inc. (NYSE: JBL) have signed a **non-binding** Memorandum of Understanding. The MoU sets out the framework for a proposed **50:50 joint venture** to manufacture and assemble artificial intelligence and data centre equipment in India.
The filing is explicit that this is a preliminary step: per the release, the proposed JV "remains subject to execution of definitive agreements, receipt of applicable approvals and satisfaction of customary conditions." The MoU follows a June 2026 announcement of the two groups' intent to establish a strategic alliance in this area.
What the JV would do
Per the release, the proposed venture would manufacture and assemble AI racks, servers, storage and networking equipment used in data centres, along with the equipment needed to power and cool those systems — power distribution units, liquid-cooling systems and transformers. It would also provide installation and commissioning services.
The company describes the venture as being designed for multi-gigawatt AI rack manufacturing capacity, and frames it as adding hardware manufacturing to the Adani Group's existing presence across infrastructure, energy, logistics and data centres. The filing ties the move to the Group's stated commitment to develop green-energy-powered, hyperscale AI-ready data centres.
The market context the filing cites
The release sets out the demand backdrop the two companies are pointing to: India's data centre capacity projected to reach 5–8 GW by 2030, and a global market opportunity the companies estimate at more than $3 trillion over the next seven years. It also notes supporting policy — the Digital Personal Data Protection Act, 2023 and a Union Budget 2026 tax holiday for data centres until 2047.
These figures are the companies' own estimates and industry forecasts as stated in the release, not committed financials of the JV itself.