AdaniConneX has sealed the largest data centre financing deal in India by entering into a financing framework and raising $213 million for its data centre asset portfolio.
The tied-up facility will finance two data centres with an aggregate capacity of 67 MW which includes the ‘Chennai 1’ campus with Phase 1 of 17 MW and the Noida campus of 50 MW. AdaniConneX is investing capital with a mission of building a 1GW green data centre platform, enabled by a hyperscale to hyperlocal data centre investments across the country. The platform infrastructure financing finalised through the framework agreement with international lenders will institutionalise the development agenda for AfaniConneX. ING Bank N.V., Mizuhi Bank LTD, MUFG Bank Ltd, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation have committed to the facility.
Commenting on the development, Jeyakumar Janakaraj, chief executive officer, AdaniConneX, said, “The construction facility is the key ingredient of AdaniConneX capital management plan, providing the pathway for us to deliver on-time a reliable and sustainable data centre capacity of 1GW by 2030. The achievement marks a significant milestone in developing this transformative initiative, which is set to revolutionise the digital infrastructure in India.”
The construction facility finances two data centre projects in Chennai (Tamil Nadu) and Noida (Uttar Pradesh), with customised enterprise colocation offerings and hyperscale solutions. The ‘Chennai 1’ campus with ‘Phase 1’ MW data centre capacity is Tamil Nadu’s first pre-certified IGBC platinum-rated data centre providing customised colocation solutions to the enterprise segment. The Noida campus is being implemented with a 50 MW capacity to support the strategic expansion needs of hyperscale customers in India.
