AdaniConneX is a 50:50 joint venture between Adani Enterprises and EdgeConneX. It was formed in 2022. The goal of the JV is to build and operate data centers in India.
The $213 million funding will be used to build two data centers in Noida and Chennai. The data centers will have a combined capacity of 67 megawatts (MW). The Noida data center is expected to be completed in the first quarter of 2024, and the Chennai data center is expected to be completed in the second quarter of 2024.
Data centers will be built to meet the growing demand for services in India. India is one of the fastest-growing data center markets worldwide. The demand for data center services in India is expected to continue growing. The growth is projected to persist in the coming years.
The funding from international banks is a significant vote of confidence in AdaniConneX and the Indian data center market. The funding will allow AdaniConneX to accelerate its growth plans and build a leading data center platform in India.
