ADANICONNEX
Adani Group to seek $1.5 billion for data center financing
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.
Adani Enterprises Q2 net profit falls 55% despite 75% increase in revenue
Adani Enterprises saw a 55% drop in consolidated net profit for the September quarter. Revenue from operations increased by 75%, reaching ₹37,216 crore compared to the previous year. A notable decline in profit was attributed to an exceptional gain a year prior, while expenses rose sharply. The company plans to invest ₹35,000 crore to ₹40,000 crore annually in airports and data centres.
AdaniConneX's Vizag data centres to use air cooling, cut freshwater consumption
The facilities will have dedicated industrial water connections rather than draw supplies from municipal lines, a move aimed at preventing competition with households for drinking water.
Adani Enterprises has finally got strong winds filling its sails
Adani Enterprises’ outlook is improving as several incubated businesses reach commercial scale. CARE Ratings has upgraded AEL to AA, citing stronger financial flexibility after its ₹15,000-cr QIP and Adani Airports monetisation. Airports, Kutch Copper and roads are expected to drive FY27 earnings, while data centres, new energy, defence and aluminium offer longer-term growth.
Adani Group plans $2.5 billion refinancing in India’s biggest offshore loan this year
Adani Group plans a $2.5 billion offshore loan to refinance debt. This significant borrowing aims to cover the acquisition of two Indian cement firms. The group is seeking $1.5 billion through a bridge loan and $1 billion via a five-year facility. Discussions are ongoing with several international banks for the financing. The deal is expected to close before the end of October.
Racks to riches: 6 GW data centre surge
India’s data centre capacity is set to triple by 2029, driven by major investments from TCS, Microsoft, Google, AdaniConneX, Nxtra by Airtel, Reliance, Meta and Amazon, with Hyderabad, Visakhapatnam, Gujarat and Maharashtra emerging as key destinations for data centre projects and investments.
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Adani Group expands footprint in opposition-ruled states with projects worth Rs 5 lakh crore
Adani Group is investing significantly in infrastructure projects across various Indian states. The conglomerate is pursuing projects in roads, ports, and energy sectors. These initiatives aim to drive economic growth and create new employment opportunities. Governments are seeking private capital for development and job creation. Adani's expanding footprint highlights its role in national infrastructure development.
Andhra government boosts land allotment for Google AI data centers to 600 acres
The Andhra Pradesh government has approved an increase in land for Raiden Infotech, a Google company. Over 600 acres will now be allocated for AI data centers valued at nearly Rs 90,000 crore. The land will be provided in Visakhapatnam and Anakapalli districts. Adani Infra (India) Ltd is the notified partner for this project.
Adani Enterprises completes Rs 231 cr acquisition of Trade Castle Tech Park
Adani Enterprises Ltd, the flagship firm of business tycoon Gautam Adani's group, on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer which owns sizeable land parcels.
Adani completes Rs 231 crore acquisition of Trade Castle Tech Park
AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, had executed a share purchase agreement on November 21, 2025 with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL.
Adani Enterprises JV acquires Trade Castle Tech Park for Rs 231 cr
AdaniConneX has acquired Trade Castle Tech Park for Rs 231.34 crore. This acquisition will facilitate the establishment of new infrastructure facilities. The joint venture executed a Share Purchase Agreement to secure a 100% stake in Trade Castle Tech Park Private Limited. This strategic move by AdaniConneX signals expansion in its infrastructure development plans.
Adani Enterprises partners with Google for India's largest data centre campus in Visakhapatnam
AdaniConnex, a joint venture of Adani Enterprises, is partnering with Google to establish India's largest data centre campus in Visakhapatnam, Andhra Pradesh. This significant investment will create a major AI hub, featuring gigawatt-scale data centre operations supported by subsea cables and clean energy. The project aims to bolster India's digital infrastructure and create substantial employment opportunities.
Adani Enterprises shares in focus after Rs 86 crore acquisition of Granthik Realtors
AdaniConneX (ACX), a joint venture of Adani Enterprises, completed the acquisition of Granthik Realtors Private Ltd (GRPL). ACX acquired a 100% equity stake in GRPL for Rs 85.99 crore. This acquisition aims to strengthen ACX's infrastructure capabilities. GRPL holds a sizable land parcel and necessary licenses. The acquisition was executed through a Share Purchase Agreement.
Adani arm buys Granthik Realtors for Rs 86 cr to boost infra development plans
AdaniConneX Pvt Ltd, a joint venture of Adani Enterprises Ltd, has acquired a 100% stake in Granthik Realtors Pvt Ltd for Rs 85.99 crore. This acquisition, completed on June 26, 2025, will bolster AdaniConneX's infrastructure development plans by providing access to significant land assets and key licenses, facilitating faster project execution.
AdaniConneX set to raise $1.44 billion from 8 global banks
"The financing has an initial commitment of $875 million, with an accordion feature to extend commitment up to $1.44 billion... Definitive agreements have been executed with eight international lenders - ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale and Sumitomo Mitsui Banking Corporation," AdaniConnex said in a statement.
AdaniConneX sets benchmark with construction financing framework of $1.44 billion
AdaniConneX, a joint venture, raised USD 1.44 billion in India's largest sustainability linked financing. The construction financing pool now stands at USD 1.65 billion, focusing on advanced technologies and environmental solutions, with support from international lenders and industry partners.
AdaniConneX in talks with banks to raise $900-950 million
AdaniConneX secures $900-950 million loan from MUFG Bank for 1 GW data centre expansion in multiple Indian cities. The loan, with an interest rate above SOFR, aims to support Adani Group's venture into the data centre business.
Adani-EdgeConneX JV looks to juice up data centre business, plans to invest $5 bn in next 5 years
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 should be closed in the next couple of weeks.
Adani Power inks initial pact to sell entire stake in two arms to AdaniConnex for Rs 540 cr
Adani Power has signed a deal to sell its two subsidiaries, Aviceda Infra Park and Innovant Buildwell, to AdaniConnex for Rs 540 crore. The subsidiaries will no longer be wholly-owned by Adani Power after the sale. The transaction is expected to be completed by March 31, 2024.
Adani's data center JV seeking second dollar loan in six months
Data center provider AdaniConneX Private Ltd. will use the money to fund its growth plans this year, with a five year tenor under discussion, according to people familiar with the matter, who asked not to be identified because the matter is private.
Adani co raises $213 m to build 2 data centres
The capital will be used to fund a 50-megawatt data centre in Noida and a 17-MW first phase of a data centre in Chennai, the company said in a press statement Friday. The company has set itself a target to build a 1 GW green data centre platform in India.
Adani JV raises $213 mln to finance data centers in Noida and Chennai
AdaniConneX, a joint venture of Adani Enterprises and EdgeConneX, has secured $213m from ING Bank, Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. The funds will support AdaniConneX’s under-construction 67 MW data centre portfolio in Noida and Chennai.
Adani Power sells 100 pc equity in Support Properties to AdaniConnex for Rs 1,556 crore
"Parties to the proposed transaction (for which a binding memorandum of understanding had been signed earlier) have executed a Share Purchase Agreement and concluded the transaction," a BSE filing stated.
Adani, EdgeConneX JV AdaniConneX starts hyperscale data center in Chennai
India is one of the fastest growing data center markets in the world. India’s current data center capacity is around 600 MW and is expected to grow to around 1300 MW by 2024.
Adani Group to buy land from K Raheja Corp for Rs 1,500 crore
In February 2021, Adani Group's flagship company Adani Enterprises entered into a 50:50 joint venture with EdgeConneX to develop and operate data centers throughout India. The joint venture will focus on building a network of hyperscale data centers across the country, starting with Chennai, Navi Mumbai, Noida, Vizag and Hyderabad markets.
Adani Power to seek shareholders' nod for related-party deal worth Rs 5,000 crore with AdaniConnex
The ACPL is an indirect associate company of APL and both the companies are related parties as on date of this AGM notice, it said, adding that the aggregate value of the transaction is up to Rs 5,000 crore to be entered during FY23.
Adani Power to seek shareholders' nod for related-party deal worth Rs 5k crore with AdaniConnex
The ACPL is an indirect associate company of APL and both the companies are related parties as on date of this AGM notice, it said, adding that the aggregate value of the transaction is up to Rs 5,000 crore to be entered during FY23
Adani Enterprises divests stake in DC Development Hyderabad, NDCL
"The company has divested its 100 per cent stake in DC Development Hyderabad Private Ltd and Naida Data Center Ltd, wholly owned subsidiary (WoS) companies on 22nd February, 2022 to AdaniConnex Private Limited," the filing said. AdaniConnex is 50 per cent joint venture company of AEL with EdgeConneX Europe B.V.
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