<p>AdaniConneX, a 50:50 joint venture between ports-to-power conglomerate Adani Enterprises Ltd and data centre provider EdgeConneX, has secured a $213 million senior debt facility with participation from international banks to finance their under-construction data centre portfolio of 67 MW in Noida and Chennai, the two entities said in a joint press statement on Friday.</p>.<p>The project includes the ‘Chennai 1’ campus with phase 1 of 17 MW and Noida campus of 50 MW.</p>.<p><strong>Also read | <a href="https://www.deccanherald.com/business/business-news/adani-group-statements-to-investors-draw-us-regulatory-scrutiny-1230434.html" target="_blank">Adani Group statements to investors draw US regulatory scrutiny</a></strong></p>.<p>“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 center capacity of 1 GW by 2030,” said Mr Jeyakumar Janakaraj, chief executive of AdaniConneX.</p>.<p>This comes as a shot in the arm for India, which is touted as one of the fastest growing data centre markets in the world. Ratings agency ICRA has predicted a six-fold increase in India’s data centre capacities in the next six years. It sees 4,900-5,000 MW of capacity involving investments of about Rs 1.50 lakh crore being added in the period.</p>.<p>ING Bank NV, Mizuho Bank Ltd, MUFG Bank Ltd, Natixis, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation were the mandated lead arranger, bookrunner in the deal. Allen & Overy and Saraf & Partners were the borrower’s counsels. The lenders’ counsels included Clifford Chance and Cyril Amarchand Mangaldas.</p>
<p>AdaniConneX, a 50:50 joint venture between ports-to-power conglomerate Adani Enterprises Ltd and data centre provider EdgeConneX, has secured a $213 million senior debt facility with participation from international banks to finance their under-construction data centre portfolio of 67 MW in Noida and Chennai, the two entities said in a joint press statement on Friday.</p>.<p>The project includes the ‘Chennai 1’ campus with phase 1 of 17 MW and Noida campus of 50 MW.</p>.<p><strong>Also read | <a href="https://www.deccanherald.com/business/business-news/adani-group-statements-to-investors-draw-us-regulatory-scrutiny-1230434.html" target="_blank">Adani Group statements to investors draw US regulatory scrutiny</a></strong></p>.<p>“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 center capacity of 1 GW by 2030,” said Mr Jeyakumar Janakaraj, chief executive of AdaniConneX.</p>.<p>This comes as a shot in the arm for India, which is touted as one of the fastest growing data centre markets in the world. Ratings agency ICRA has predicted a six-fold increase in India’s data centre capacities in the next six years. It sees 4,900-5,000 MW of capacity involving investments of about Rs 1.50 lakh crore being added in the period.</p>.<p>ING Bank NV, Mizuho Bank Ltd, MUFG Bank Ltd, Natixis, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation were the mandated lead arranger, bookrunner in the deal. Allen & Overy and Saraf & Partners were the borrower’s counsels. The lenders’ counsels included Clifford Chance and Cyril Amarchand Mangaldas.</p>
