BR100 Decreased By (-0.27%)
BR30 Decreased By (-0.01%)
KSE100 Decreased By (-0.24%)
KSE30 Decreased By (-0.28%)
AGHA 7.80 Decreased By ▼ -0.01 (-0.13%)
BECO 5.19 Decreased By ▼ -0.02 (-0.38%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.80 Decreased By ▼ -0.23 (-0.68%)
CNERGY 10.01 Increased By ▲ 0.05 (0.5%)
CSIL 5.40 Increased By ▲ 0.09 (1.69%)
FCCL 54.54 Decreased By ▼ -0.16 (-0.29%)
FFL 16.69 No Change ▼ 0.00 (0%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.39 Decreased By ▼ -0.01 (-0.14%)
KOSM 5.74 Decreased By ▼ -0.03 (-0.52%)
LOTCHEM 29.20 Decreased By ▼ -0.12 (-0.41%)
MLCF 93.39 Decreased By ▼ -0.97 (-1.03%)
NBP 202.75 Decreased By ▼ -0.30 (-0.15%)
NCPL 56.90 Decreased By ▼ -0.10 (-0.18%)
NPL 67.70 No Change ▼ 0.00 (0%)
OGDC 316.40 Increased By ▲ 0.56 (0.18%)
PACE 10.70 Increased By ▲ 0.06 (0.56%)
PAEL 43.25 Increased By ▲ 0.05 (0.12%)
PIBTL 16.74 No Change ▼ 0.00 (0%)
PPL 218.35 Decreased By ▼ -1.43 (-0.65%)
PRL 49.91 Increased By ▲ 0.72 (1.46%)
PTC 71.05 Increased By ▲ 0.52 (0.74%)
SSGC 28.00 Decreased By ▼ -0.25 (-0.88%)
TBL 9.80 Decreased By ▼ -0.06 (-0.61%)
TELE 8.77 Decreased By ▼ -0.02 (-0.23%)
TPL 18.00 Decreased By ▼ -0.24 (-1.32%)
TPLP 13.45 Increased By ▲ 0.18 (1.36%)
TREET 22.73 Increased By ▲ 0.01 (0.04%)
TRG 60.45 Increased By ▲ 0.31 (0.52%)
By

BENGALURU: India’s Adani Enterprises said on Friday that a joint venture with private data center operator EdgeConneX has raised $213 million to fund its under-construction data centers.

The capital will be used to finance two data centers in the cities of Chennai and Noida, with an aggregate capacity of 67 megawatts (MW), the company said in a statement.

India’s Adani to slow down on dealmaking to focus on existing projects

The JV, called AdaniConneX, will seek to build a 1 GW clean energy data center platform by 2030, with investments planned across the country, the company added.

Lenders including ING Bank NV, Mizuho Bank Ltd, MUFG Bank Ltd, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation have committed to the financing facility.

Comments

Comments are closed for this article.