AdaniConneX, the joint venture (JV) between Adani Enterprises, and EdgeConneX, is reportedly planning to invest $5 billion in the next five years to expand its data centre business, of which more than half could be ploughed in 2024 itself.
According to the sources, of the $5 billion investment plan, promoter equity infusions would account for around a quarter.
Furthermore, AdaniConneX plans to develop 1 GW of data centre capacity before 2030. It is in talks with several international banks to raise $1.2-1.4 billion in an offshore loan to ramp up growth plans that are expected to closed in the next couple of weeks. The company currently has 17 MW live capacity in Chennai.
