Adani Enterprises is making significant moves in both technology and real estate sectors, with a groundbreaking AI partnership with Google and a major property acquisition deal with Sahara. However, the company now faces a substantial notice from the Employees' Provident Fund Organisation (EPFO) regarding the Sahara properties acquisition.

Google Partnership for AI Data Centre Campus

Adani Enterprises, through its joint venture AdaniConneX, has announced a partnership with tech giant Google to develop India's largest AI data centre campus in Visakhapatnam, Andhra Pradesh. This collaboration marks a significant milestone in India's journey towards becoming a global AI powerhouse.

Project Overview

The partnership involves a substantial investment of approximately $15.00 billion over a five-year period from 2026 to 2030. This multi-faceted project aims to create a state-of-the-art AI hub that will significantly boost India's AI capabilities and digital infrastructure.

Key Components of the Partnership

Economic Impact and Job Creation

The development of this AI hub and connectivity gateway is expected to have a substantial economic impact:

• Create tens of thousands of jobs in technology, construction, and clean energy sectors
• Drive digital inclusivity across India
• Establish Visakhapatnam as a global technology destination

Sustainability Focus

Both Adani Enterprises and Google have emphasized their commitment to sustainability in this project. The partnership includes plans for:

• Development of new transmission lines
• Investment in clean energy generation
• Implementation of innovative energy storage systems

These initiatives aim to not only support the data centre's operations but also enhance the resilience and capacity of India's electricity grid.

Sahara Property Acquisition Deal and EPFO Notice

In a separate development, Adani Enterprises is prepared to purchase 88 properties as part of a significant agreement with Sahara. However, this deal has now come under scrutiny from the Employees' Provident Fund Organisation (EPFO).

Key Points of the Sahara Deal and EPFO Notice

• Adani Enterprises is set to acquire 88 properties from Sahara.
• The EPFO has issued a notice to Adani Enterprises seeking recovery of ₹1,567.00 crores related to the proposed acquisition.
• The notice highlights that multiple Sahara companies have defaulted on PF contributions, with some dues dating back to 1982.
• Under the Employees' Provident Funds Act, any entity acquiring assets must clear outstanding PF dues either before acquisition or provide an undertaking to pay post-acquisition.
• EPFO has directed Adani to acknowledge the outstanding dues and submit a detailed list of assets and liabilities it intends to acquire.
• The Supreme Court has heard pleas from both Sahara and Adani regarding the property sale, with multiple parties questioning Sahara's ownership of the assets.
• SEBI has clarified that Sahara can sell properties at no less than 90% of market value.
• An amicus has stated that Sahara must first pay ₹9,000.00 crores to SEBI.
• The Supreme Court has directed the Centre and SEBI to respond to Sahara's proposal and asked Sahara to examine employee claims regarding unpaid salaries.
• The next hearing is scheduled for November 11.

These developments showcase Adani Enterprises' strategic expansion in both the technology and real estate sectors, while also highlighting the complexities and potential challenges in major acquisitions. The company now faces the task of addressing the EPFO's concerns while proceeding with its planned expansion.

Adani Enterprises , a key player in India's infrastructure and energy sectors, has announced a strategic partnership between one of its units and MTAR Technologies. This collaboration aims to jointly bid for the Advanced Medium Combat Aircraft (AMCA) development contract, marking a significant move in the defense sector.

Partnership Details

The partnership brings together the resources and expertise of both companies:

AMCA Project Significance

The AMCA (Advanced Medium Combat Aircraft) is a crucial project for India's defense sector:

• It represents India's ambition to develop a fifth-generation stealth fighter aircraft
• The project aims to enhance the country's air defense capabilities
• Successful development could position India as a major player in advanced military aviation

Implications of the Partnership

This collaboration could have several important implications:

1. Enhanced Competitiveness: By combining their strengths, Adani and MTAR Tech aim to present a more compelling bid for the AMCA contract.
2. Technological Synergy: The partnership may lead to innovative solutions in aircraft development and manufacturing.
3. Economic Impact: If successful, this could lead to significant job creation and boost India's defense manufacturing sector.

The outcome of this bid will be closely watched by industry observers and could potentially reshape the landscape of India's defense industry. As the bidding process unfolds, more details about the proposed development plans and potential economic impact may emerge.