Key Points
Adani Enterprises Ltd., the flagship of billionaire Gautam Adani, will spend around $1.5 billion on its fledgling data center business in the next three years, as growth focus returns at the Indian conglomerate after a short seller attack sent it into months of damage control...
The annual capital expenditure on the data center business, called AdaniConnex Pvt. a joint venture with the global data center provider EdgeConnex Inc. is expected to be about $500 million this year as well as the next two years, Jugeshinder Singh, Adani Enterprises chief financial officer, told analysts according to a filing late Wednesday...
The company is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030..
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 facilities, according to a Nov. 2 investor presentation...
The data center unit is one of the newer businesses for Adani Enterprises, the incubator for the group..
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Adani flagship aims big on data centers with $1.5 billion capex planned
09, Nov, 23Adani Enterprises, the flagship of billionaire Gautam Adani, will spend around $1.5 billion on its fledgling data center business in the next three years, as growth focus returns at the Indian conglomerate after a short seller attack sent it into months of damage control