Adani Enterprises, in partnership with EdgeConneX, through their equal joint venture AdaniConneX, has successfully secured a substantial financing package of up to $1.44 billion. The funds are earmarked for the development of data centres, continuing the JV’s major expansion in this sector. This significant financial milestone comes on the heels of AdaniConneX’s previous capital raise of $213 million in the previous year, which was allocated for data centres that are currently under construction. The securing of such a large sum showcases the joint venture’s commitment to scaling up its operations in the rapidly growing data centre industry in India, riding on the waves of increased digital infrastructure demands. With the financial backing of the lenders, AdaniConneX is poised to play a pivotal role in the enhancement of data service capabilities within the region. This strategic move also reflects broader trends in the market, where collaborations between local firms and global specialised operators seek to leverage local knowledge with worldwide technological expertise.

Information Technology, Infrastructure Development,India

https://www.zawya.com/en/world/indian-sub-continent/indias-adani-jv-secures-financing-of-up-to-14bln-to-build-data-centres-f1sfbo9r