Adani Group said to seek $1.5 billion for data centre financing

What happened

Adani Group is seeking to borrow about $1.5 billion to help finance its data centre expansion through AdaniConneX, its joint venture with EdgeConneX, according to people familiar with the matter. The company is in talks with lenders including DBS, First Abu Dhabi Bank and Mitsubishi UFJ for the offshore facility.

Confirmed

Global impact / market context

Borrowing this money lets Adani build data centres without paying the full cost upfront, so it takes on debt that must be repaid from future revenue. If those centres fill up with paying AI and cloud customers, the bet pays off; if not, repayment pressure grows.

Analyst inference

India's data centre market is drawing heavy spending, with Reliance also planning large AI-related investment and the government expecting capacity to reach nearly 8 gigawatts by 2030. This race pushes conglomerates to secure borrowed money early, which supports construction but raises borrowing needs across the sector.

Analyst inference

What to watch

1. Whether the roughly $1.5 billion offshore facility is finalised with DBS, First Abu Dhabi Bank, Mitsubishi UFJ and other lenders such as Natixis, ING and Societe Generale. Confirmed
2. The cost of the borrowed money, which means the interest rate lenders charge, since higher rates would raise Adani's repayment burden and reduce the profit each data centre deal generates. Analyst inference
3. Progress on Adani's planned $100 billion digital infrastructure investment by 2035, because slow construction would delay revenue needed to cover the new debt. Analyst inference

Evidence

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