Team Blitz India
NEW DELHI: Adani Enterprises (AEL), the flagship company of billionaire Gautam Adani, is gearing up for a significant expansion in its data centre business. AdaniConneX, the joint venture between AEL and Sweden’s EQT-owned EdgeConneX, plans to invest $5 billion over the next five years, according to a report in the Economic Times.
The report states that more than half of this investment could be allocated within this year alone. Promoter equity infusions are expected to account for approximately a quarter of the total investment.
By 2030, AdaniConneX aims to develop a data centre capacity of 1 GW. To support its ambitious growth plans, the company is currently in discussions with several international banks to secure an offshore loan in the range of $1.2-1.4 billion. The transaction is expected to be finalized in the coming weeks, the report said.
AdaniConnex, which has only one operational data center in Chennai so far, has completed almost two-thirds of the construction in the Noida and Hyderabad facilities, according to a November 2 investor presentation.
