Adani Group's energy units are emerging as one of the few artificial intelligence trades available in India, with the conglomerate's push into green-powered data centers driving significant gains. The power businesses within the Adani portfolio have become unexpected beneficiaries of the AI infrastructure boom, as data centers require massive electricity capacity to operate cooling systems and processing equipment. Investors are treating these energy stocks as a proxy play on India's AI expansion, since direct AI-focused investment options remain limited in the country's market.

The green energy angle adds further appeal, as hyperscalers and tech companies increasingly prioritize renewable power for their facilities. Adani's vertical integration—from renewable generation to transmission and now data centers—positions the group to capture value across the AI infrastructure chain. This dynamic illustrates how the AI boom is creating unexpected winners beyond traditional tech companies, particularly in markets like India where power infrastructure is becoming a critical bottleneck for data center growth.