AdaniConneX, a joint venture between Adani Enterprises (AEL) and data centre operator EdgeConneX, has raised $213 million from a clutch of lenders to set up two data centres of 67 MW capacity in the country. The firm would set up a data centre of 50 MW capacity in Delhi and another with a 17 MW in Chennai (phase I).
The financing was finalised through a framework pact with international lenders, including ING Bank, Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank and Sumitomo Mitsui Banking. The funding will help AdaniConneX to fast-track the implementation of its data centre under-construction asset portfolio, AEL said in a statement.
“The construction facility is the key ingredient of AdaniConneX capital management plan, providing the pathway for us to deliver on-time a reliable and sustainable data centre capacity of 1 GW by 2030. The achievement marks a significant milestone in developing this transformative initiative, which is set to revolutionise the digital infrastructure in India,” said AdaniConneX CEO Jeyakumar Janakaraj said.
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The data centres come with customised enterprise colocation offerings and hyperscale solutions.
“The facility shall encourage overall implementation philosophy to power the digital infrastructure by delivering clean and long-term renewable energy solutions aiming toward a carbon-neutral footprint,” AdaniConneX director Anil Sardana said.
India is one of the fastest-growing data centre markets in the world, and as per Crisil estimates the data centre capacity in India is expected to double from about 870 MW in FY22 to 1700-1800 MW by FY25.
AEL’s shared ended down 6.88% lower at `2,231 on the BSE on Friday.