Ahmedabad, India, June 23, 2023: AdaniConneX, a 50:50 joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has sealed the largest data center financing deal in India with a USD 213 million construction financing facility.
The facility was arranged by a consortium of banks led by Standard Chartered Bank and includes participation from ICICI Bank, Axis Bank, and Yes Bank. The facility will be used to finance the construction of two data centers in Noida and Chennai.
AdaniConneX is a leading data center provider in India. The company has a portfolio of over 100 MW of data center capacity and is planning to expand its capacity to 1 GW by 2030.
The data center market in India is growing rapidly. The country is expected to add over 1 GW of data center capacity by 2025. The growth of the data center market is being driven by the increasing adoption of cloud computing and the growth of the digital economy.
The financing of AdaniConneX’s data center project is a significant milestone for the Indian data center market. The deal is the largest data center financing deal in India and demonstrates the growing confidence of investors in the Indian data center market.
Here are some of the benefits of the AdaniConneX data center project:
- It will create jobs and boost economic growth in India.
- It will help to attract foreign investment to India.
- It will make India a more attractive destination for businesses that require data center services.
The AdaniConneX data center project is a significant development for the Indian data center market. It is a sign of the growing maturity of the market and the potential for growth. The project is expected to create jobs and boost economic growth in India. It will also help to attract foreign investment to India and make India a more attractive destination for businesses that require data center services.