Adani Connex, a joint venture between Adani Enterprises and EdgeConnex with equal stake (50-50%), has raised approximately $ 1.44 billion i.e. Rs 11,520 crore from 8 global banks. The data center building company said on Sunday that this is the largest environment friendly funding in the country. Plan to build 9 new data centers in the next 3 years Adani Enterprises Limited, the flagship company of Gautam Adani’s group, will invest about $ 1.5 billion (Rs 12,510 crore) in its new data center business in the next three years. The company’s joint venture with EdgeConnex is to provide infrastructure to meet the growing demand for digital services. Apart from this, this joint venture is preparing to build 9 data centers with a total capacity of one gigawatt by 2030. Adani Connex currently has a data center operational. The company said in a statement that the initial commitment of funding is $875 million, which can be increased to $1.44 billion. With this financing, the amount of financing available to Adani Connex for construction has increased to $1.65 billion. Adani Connex currently has one data center operational, which is in Chennai. The company has completed about two-thirds of the construction at the Noida and Hyderabad units. Delighted to embark on this journey with international banking partners: CEO Adani Connex CEO Jaykumar Janakraj said, “This successful exercise aims to address the challenges of establishing sustainable and robust digital infrastructure. It is also a testament to the collective resolve of the parties to advance norms and set new industry standards. “Construction financing is a key element of the Adani Connex Capital Management Plan, enabling us to provide data center solutions firmly rooted in sustainability and environmental stewardship,” Jayakumar said. We are delighted to embark on this journey with our esteemed international banking partners.
