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Adani Group forms JV with EdgeConneX to develop data centres

Tuesday, 23 Feb 2021
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Adani Group's flagship arm Adani Enterprises (AEL) has inked a joint venture (JV) agreement with US-based EdgeConneX to develop data centres in India.

The 50:50 joint venture, AdaniConneX, will focus on building a network of hyperscale data centres across India, starting with markets in Chennai, Navi Mumbai, Noida, Vizag and Hyderabad. The development and construction at these sites have already begun.

AdaniConneX will also develop a portfolio of Edge data centres strategically located throughout India that will support the need for more proximate capacity.

These Edge sites are designed and planned to easily scale with demand and become full scale data centre campuses. These pan-India data centres will be largely powered by renewable energy.

EdgeConneX is a leading technology-driven global data centre provider with 50 facilities in over 30 markets globally.

The partnership will leverage Adani's expertise in full-stack energy management, renewable power and real estate development, as well as its expertise in building and managing large infrastructure projects throughout India.

Apart from this, AEL has signed JV agreement with DC Development Chennai (DCDCPL), a wholly-owned subsidiary company which was formed to set up Data Centre Business of the company in Chennai, Tamil Nadu.

The purpose of entering into JV agreement was dilution of 50 percent equity stake in DCDCPL and strategic partnership for Data Centre Business in India. On completion of the transaction, DCDCPL will become 50:50 joint venture of AEL and ECX Europe BV.


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