Adani Group forms equal JV with US company to build data centre parks in 6 Indian cities

Adani Group forms equal JV with US company to build data centre parks in 6 Indian cities
ET Bureau
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AdaniConneX JV has begun development of hyperscale facilities in Chennai, Navi Mumbai, Noida, Vizag and Hyderabad and will also develop edge data centres pan-India.

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The Adani Group has forayed into the data centre business by forming a 50:50 joint venture with US-based EdgeConneX to build hyperscale data centre parks in the six cities.

“We are pleased to inform that Adani Enterprises Limited has signed Joint Venture agreement with – a) EdgeConneX, Inc., a leading Global Data Centre Operator through its affiliate EdgeConneX Europe B.V. (“ECX Europe BV”); and b) DC Development Chennai Private Limited (“DCDCPL”), a wholly-owned subsidiary Company which was formed to set up Data Centre Business of the Company in Chennai, for the purpose of strategic partnership for Data Center business in India between AEL and ECX (the “Transaction”) and 50% equity stake dilution of DCDCPL by the Company to ECX Europe BV on fulfilment of certain terms and conditions linked with the Transaction,” the company said in an exchange filing on Tuesday.
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AdaniConneX JV has begun development of hyperscale facilities in Chennai, Navi Mumbai, Noida, Vizag and Hyderabad and will also develop edge data centres pan-India.

“These Edge sites are designed and planned to easily scale with demand and become full scale data center campuses. Importantly, this pan-Indian platform of hyperscale and hyperlocal data centers will largely be powered by renewable energy,” the company said.

EdgeConneX, the leading data centre operator with 50 facilities in 30 markets around the world, will bring expertise and technology solutions to the venture and leverage Adani’s expertise in full-stack energy management, renewable power and real estate development, as well as its experience in building and managing large infrastructure projects throughout India.

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