Noida Authority grants sublease of 10-acre plot to Adani in Sector 80

02 Sep 2024 CW Team

The Noida Authority has approved the sublease of a 10-acre plot in Sector 80 to Noida Data Centre Limited, a special purpose vehicle (SPV) formed by Adani Enterprises Limited (AEL) and EdgeConneX under their joint venture, AdaniConnex.

The decision was made during a board meeting chaired by Uttar Pradesh Chief Secretary Manoj Kumar Singh, who also serves as the chairman of the Noida Authority. This approval clears the way for the establishment of a data centre in Sector 80, a plan that had previously been rejected due to conditions in the original lease deed.

Lokesh M, CEO, Noida Authority, confirmed that the board had discussed and approved the project after deliberations in July 2024. He noted that the land in Sector 80 had already been allotted for this purpose.

After the initial rejection of Adani Enterprises' request to sublease the land, the company appealed to the Uttar Pradesh government. The state?s industrial development department reviewed the case and granted approval based on provisions in the UP Data Centre Policy of 2022. This policy allows sublease permission for data centre projects without levying a transfer fee.

The Adani Group had originally executed a lease deed for the land in 2021 at a cost of Rs 700 million, with the intention of developing a data centre. AdaniConnex, a 50-50 joint venture between Adani Enterprises and global data centre operator EdgeConneX, was established in February 2021 to set up data centres across India.

Despite repeated attempts, the Adani Group could not be reached for comment. (Hindustan Times)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..