Adani Enterprises gains on signing MoU with Jabil for data centre hardware joint venture

Mumbai, October 14 (Udaipur Kiran): Adani Enterprises is currently trading at Rs. 2710.50, up by 16.50 points or 0.61% from its previous closing of Rs. 2694.00 on the BSE. The scrip opened at Rs. 2715.25 and has touched a high and low of Rs. 2716.55 and Rs. 2684.00 respectively. So far 18506 shares were traded on the counter. The BSE group 'A' stock of face value Rs.1 has touched a 52 week high of Rs. 3245.00 on 06-Jul-2026 and a 52 week low of Rs. 1753.45 on 30-Mar-2026. Last one week high and low of the scrip stood at Rs. 2,744.00 and Rs. 2,547.15 respectively. The current market cap of the company is Rs. 365505.10 crore. The promoters holding in the company stood at 71.97%, while Institutions and Non-Institutions held 21.28% and 6.74% respectively. Adani Enterprises and Jabil Inc., a global engineering, supply chain and manufacturing company, have signed a non-binding Memorandum of Understanding (MoU) setting out the framework for a proposed 50:50 joint venture to manufacture and assemble artificial intelligence (AI) and data centre equipment in India.The joint venture would manufacture and assemble AI racks, servers, storage and networking equipment used in data centres. The racks would house high-performance computing systems for AI applications and other digital services. The portfolio would also include equipment required to power and cool these systems, including power distribution units, liquid-cooling systems and transformers. The venture is expected to have multi-gigawatt AI rack manufacturing capacity, supporting computing systems with a combined power capacity of several gigawatts.It would also provide installation and commissioning services. The proposed JV aims to serve India’s accelerating data centre demand, with industry forecasts projecting capacity of 5-8 GW by 2030 and more than $50 billion in planned hyperscaler spending across data centre, cloud, and AI ecosystems. The companies estimate the global market opportunity at more than $3 trillion over the next seven years, as investment in AI compute infrastructure continues to surge.Adani Enterprises (AEL), the flagship company of the Adani Group, is in the business of integrated resources management, mining services and other trading activities. The company operates as an incubator, establishing new businesses in various areas like new energy ecosystem, data center, airports, roads, copper, digital space and others.