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Adani-EdgeConneX aims big on data centers
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    Adani-EdgeConneX aims big on data centers
    Adani-EdgeConneX aims big on data centers

    (20 second reading) Adani Enterprises, the flagship firm of billionaire Gautam Adani, is seeking to aggressively expand its data centre business. AdaniConneX, the equal joint venture between AEL and Sweden’s EQT-owned EdgeConneX, is looking to invest $5 billion in the next five years, of which more than half could be ploughed in this year itself.
    Of the $5 billion investment plan, promoter equity infusions would account for around a quarter.
    AdaniConneX plans to develop 1 GW of data centre capacity before 2030. It is in talks with several international banks to raise $1.2-1.4 billion in an offshore loan to ramp up growth plans that should be closed in the next couple of weeks.

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