BusinessRekha Nair18 Feb 2026
Noida, Uttar Pradesh, Feb 18: AM Group, the leading energy transition platform backed by the founders of Greenko Group, which signed a Memorandum of Understanding (MoU) with Invest UP, Government of Uttar Pradesh (UP) at Davos, Switzerland on 20 January 2026 to establish a 1 GW High Performance Compute Hub, has commenced development of its mega AI project.
AM AI Labs, an affiliate of the AM Group, was issued a letter of intent by the Yamuna Expressway Industrial Development Authority (YEIDA) today towards allocation of land parcels to establish the first two phases comprising 150 MW and 200 MW respectively of the cumulative 1 GW AI and High-Performance Computing data center in UP.
Key features of the project:
This project will be one of the largest investments in the country to date, aligned with the Indian Government’s Viksit Bharat 2047 vision. The project is expected to attract significant foreign direct investment and generate thousands of high skilled jobs, positioning Uttar Pradesh as India’s premier AI infrastructure destination.
AMG AI Labs has built a comprehensive platform supporting the full lifecycle of AI development from training to production inference. The end-to-end software stack encompasses provisioning, orchestration, virtualization, inference and training frameworks, security, networking, compliance, and storage. Intelligent workload scheduling routes every job to the optimal accelerator for cost, performance, and latency, maximizing utilization across the heterogeneous fleet.
The platform’s architecture agnostic design supports GPUs and other accelerators. The leadership team brings 300+ combined years of GPU and AI stack experience from Apple, AMD, NVIDIA, Cisco, and Intel.
“This is an enormously ambitious project, and that is exactly what excites us. AM Group has done this before. In green hydrogen and ammonia, we set out to deliver the lowest cost molecules in the world, and we are doing it.
We bring the same conviction to AI. Our goal is to deliver the lowest cost, most efficient AI tokens on the planet, powered by clean energy we own and operate. By integrating the full value chain from power generation through silicon to token delivery, we can optimize across layers in ways that no single segment player can.
Uttar Pradesh and India deserve world class AI infrastructure, and with the support of the State Government, we are building it.”
— Anil Chalamalasetty, Group Chairman, AM Group