AM Group gets land allocation LOI from YEIDA for 1GW AI compute hub in Greater Noida

HYDERABAD: Energy transition player AM Group, which recently inked a MoU with the Uttar Pradesh govt at WEF Davos for setting up a 1 GW high-performance compute hub in Greater Noida at an investment of $25 billion, on Monday said it commenced development of the mega project.

The company said the Yamuna Expressway Industrial Development Authority (YEIDA) issued a letter of intent (LOI) to its affiliate, AM AI Labs, for allocation of land parcels to set up the first 2 phases of 150 MW and 200 MW data centres as part of the hub.

While the 350 MW compute capacity is slated to be online by 2028, the full 1 GW capacity is expected to become operational by 2030.




Hyderabad-based AM Group, which is promoted by the founders of Greenko Group, will deploy around 500,000 high-performance chips as part of the 1 GW project that is being positioned as a fully vertically integrated AI platform, combining owned carbon-free power, data centre infrastructure, high-performance chips, a complete software stack, applications, and consumption models ranging from “AI Pods as a Service” to “Tokens as a Service”.

The project will rely on renewables and pumped storage assets managed through an in-house cloud energy architecture to deliver firm, on-demand carbon-free electricity at costs below global rates.

According to AM AI Labs, its leadership team includes veterans from Apple, AMD, NVIDIA, Cisco, and Intel.

Group Chairman Anil Chalamalasetty said the company aims to deliver “the lowest cost, most efficient AI tokens” using clean energy it owns and operates, adding that the project is intended to help establish Uttar Pradesh as a major AI infrastructure destination aligned with India’s Viksit Bharat 2047 vision.