AdaniConneX, a subsidiary of the Adani Group, has closed its maiden construction facility by securing $213 million in financing to support the development of its data centre asset portfolio. The facility will fund two data centres with a joint capacity of 67 MW, including a 17 MW campus in Chennai and a 50 MW facility in Noida. Experts have highlighted India as one of the fastest-growing data centre markets globally, with estimates suggesting the nation’s data centre capacity will double from approximately 870 MW in FY22 to 1700-1800 MW by FY25. AdaniConneX is investing capital to construct a 1 GW Green Data Centre portfolio, aided by investments in hyperscale and hyperlocal data centres throughout India. The financing facility was completed with the help of international lenders, including ING Bank, Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation.
AdaniConneX Secures $213 Million Construction Financing for Largest Data Center Project in India
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