(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.