Adani Group forms equal JV with US company to build data centre parks in 6 Indian cities

The Adani Group has forayed into the data centre business by forming a 50:50 joint venture with US-based EdgeConneX to build hyperscale data centre parks in the six cities.

“We are pleased to inform that Adani Enterprises Limited has signed Joint Venture agreement with – a) EdgeConneX, Inc., a leading Global Data Centre Operator through its affiliate EdgeConneX Europe B.V. (“ECX Europe BV”); and b) DC Development Chennai Private Limited (“DCDCPL”), a wholly-owned subsidiary Company which was formed to set up Data Centre Business of the Company in Chennai, for the purpose of strategic partnership for Data Center business in India between AEL and ECX (the “Transaction”) and 50% equity stake dilution of DCDCPL by the Company to ECX Europe BV on fulfilment of certain terms and conditions linked with the Transaction,” the company said in an exchange filing on Tuesday.