Adani Group Bets Big on Data Centers with $5 Billion Investment

  • AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, plans a massive expansion in its data center business.
  • The JV will invest $5 billion over the next five years to scale up its operations.
  • This aggressive investment aims to achieve a data center capacity of 1 GW by 2030.
  • To fuel this growth, AdaniConneX is in talks with international banks for a loan of $1.2-1.4 billion.
  • The company currently has one operational data center in Chennai, with facilities under construction in Noida and Hyderabad.
  • This move highlights the growing demand for data center services in India, driven by factors like digitalization and cloud adoption.

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