Adani Group to infuse Rs 4,600 cr in two data centre projects in UP

31 Jan 2022 CW Team

A UP Cabinet minister announced that the diversified Adani Group is investing over Rs 4,600 crore in two data centre projects in Uttar Pradesh.

Adani Enterprises is building two data centres in Noida sectors 62 and 80 for a total cost of Rs 4,646 crore, according to the UP Ministry of Micro, Small & Medium Enterprises (MSME) and export promotion minister Sidharth Nath Singh.

According to Singh, nearly Rs 18,000 crore has been invested in the high-tech data centre landscape in Uttar Pradesh so far.

Adani Enterprises Ltd (AEL) is the only company in the country with the ability to build data centres.

As India's internet economy grows, there is a growing need to construct the necessary data centres to ensure seamless, uninterrupted data consumption and storage.

Adani Group is a diversified Indian conglomerate with a market capitalisation of $147.07 billion and six publicly traded companies. It has built a portfolio of world-class transportation and utility infrastructure with a pan-India presence.

The Adani Group's headquarters are in Ahmedabad, Gujarat, India. Adani Group has positioned itself as a market leader in its transportation logistics and energy utility portfolio businesses, focusing on large-scale infrastructure development in India with O&M practices that are benchmarked to global standards. It is India's only Infrastructure Investment Grade issuer, with four IG rated businesses.

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Also read: Tata and Adani to bid for UP Power Transmission Co

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