Adani Enterprises is set to expand its data center business significantly. AdaniConneX, a joint venture between AEL and Sweden's EdgeConneX, plans to invest USD 5 billion over the next five years. More than half of this investment could be allocated within this year alone.

AdaniConneX, which has only one operational data center in Chennai so far, has completed almost two-thirds of the construction in the Noida and Hyderabad data center facilities. Chennai's Phase 2 development is also underway. The joint venture will raise a $400 million loan to fund projects this year.

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By 2030, AdaniConneX aims to develop a data center capacity of 1 GW. The expansion of the data center business comes amidst rapid growth in AI-led businesses. Adani Group CFO, Jugeshinder Singh, had previously mentioned a USD 1.5 billion capital expenditure plan spread over three years, starting in FY24.

Currently, AdaniConneX has an operational capacity of 17 MW at its Chennai data center facility. AdaniConneX has also partnered with global technology giants for long-term contracts ranging from 5 to 15 years to support its aggressive growth targets.

Objectives of the Investment

Some of the key objectives of the investment includes:

Expansion of Data Center Operations

The primary objective of this investment is to expand data center operations, particularly in Noida, Hyderabad, and Chennai. The company currently has 17 megawatts of live capacity in Chennai.

Partnerships with Global Tech Giants

AdaniConneX has secured partnerships with global tech giants for between 5 and 15 years to achieve its growth targets. These partnerships will help the company leverage these tech giants' expertise and resources, thereby enhancing the efficiency and effectiveness of its data center operations.

Meeting Growing Demand

With the digital revolution and the increasing reliance on data, the demand for data centers is growing exponentially. This investment will help AdaniConneX meet this growing demand and establish itself as a leading player in the data center business.

Creating a Robust Infrastructure

The investment will also be used to create a robust infrastructure for the data centers. This includes state-of-the-art facilities and advanced technologies to ensure the efficient functioning of the data centers.

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