The data centers will be built through a joint venture with private data center operator EdgeConnex. Adani Enterprises said it has raised $21.30 crore to finance under-construction data centers. It is indicated that the new data centers will come in Noida, Chennai and Visakhapatnam.
The company said in a statement that the recently raised capital will be used to finance two data centers in the cities of Chennai and Noida, each with a capacity of 67 MW. The joint venture, named Adaniconex, will invest across the country by 2030. The company is trying to build a gigawatt clean energy data center platform.
Major institutions including ING Bank NV, Mizuho Bank Ltd, MUFG Bank Ltd, Natixis, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation will provide financing. The data center platform may reach across India. Anil Sardana is the director of Adaniconnex. Anil Sardana stated that the aim is to find long-term renewable energy solutions with an emphasis on carbon-neutral activities. Emphasis will be placed on strengthening the business using digital technology.
Adani Group had earlier announced to set up an integrated data center, starting with a technology business park in Visakhapatnam. India’s largest hyperscale data center will be located in the dedicated business park. This project will also help in creating many employment opportunities locally. The new project will also help the company’s business growth in the IT sector. The investment is made in Madurawada, Visakhapatnam. The foundation stone laying ceremony of the park site was held earlier.
Comprised of a data centre, technology, business park and skill development centre, the massive project will not only create local employment opportunities but also connect Visakhapatnam to the Asia-Pacific IT ecosystem, officials said.
Adani had made it clear the other day that Hindenburg Research, which accused Adani of share price manipulation and accounting fraud, was a premeditated attack.