Adani Enterprises enters into JV with EdgeConneX to empower digital India
Adani Enterprises today announced the establishment of a joint venture (50:50) with a leading global data centre operator, EdgeConneX to provide sustainable data centre solutions in managing large infrastructure projects.
The joint venture (JV) will develop and operate data centres throughout India by leveraging the expertise and capabilities of both the companies' combined. To address the need for rapidly growing high quality and reliable IT infrastructure, both the companies are committed to investing huge capital in the formed JV over the next decade thereby, building India’s leading green data centre platform.
EdgeConneX is a leading technology-driven global data centre provider. It operates in over 30 markets with 50 facilities. The company being a trusted data centre solutions provider to some of the largest and the most demanding service providers in the world will add expertise and technology solutions to the venture.
AdaniConneX JV will focus on building a network of hyper-scale data centres in India, firstly starting with Chennai, Navi Mumbai, Noida, Visakhapatnam and Hyderabad markets. The development and construction in these cities have already started.
The shares of Adani Enterprises reacted positively and were up by more than 2.5 per cent during the early market hours on Tuesday. At 11.20 am, the company’s stock was trading at a price of Rs 808.40, which is 0.31 per cent or Rs 2.50 above its previous closing price.