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OFSS Shares Fall Over 5% as Oracle Flags Power Delays at AI Data Centre

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OFSS Shares Fall Over 5% as Oracle Flags Power Delays at AI Data Centre

Oracle Financial Services Software (OFSS) shares fell more than 5% on Friday, September 25, after its U.S. parent issued a “force majeure” notice for Project Jupiter. Oracle cited possible delays in securing power for the New Mexico data centre, which it plans to use to supply AI computing capacity to OpenAI.

OFSS shares touched Rs. 10,332 on the NSE before recovering to Rs. 10,572, down 3.2% during Friday’s session. The stock was down about 11% for the week, putting it on course for its steepest weekly fall since January 2025, when it declined more than 12%.

The decline follows earlier concern about financing for Jupiter. Last week, banks quoted about $18 billion in loans tied to the campus at 89 to 91 cents on the dollar. Concerns about Oracle’s borrowing and setbacks at the site have made the debt harder to sell to investors.

Blue Owl’s STACK Infrastructure is developing the 1,400-acre Jupiter campus in Doña Ana County. A person familiar with the agreement told Reuters that Oracle issued the notice over possible delays in securing power. Under the contract, Oracle is responsible for arranging power for the site.

Oracle aims to delay certain payments if Jupiter misses its planned 2028 opening, Bloomberg reported. The company is not seeking to leave as the campus’s main tenant. A person familiar with the agreement said Oracle cannot terminate the lease.

” Blue Owl said the notice does not change the companies’ financial commitments. The notice addresses potential delays, while both companies maintain that they remain committed to the project.


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