AdaniConneX Plans to Raise $900-950 Million
ECONOMY & POLICY

AdaniConneX Plans to Raise $900-950 Million

AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, is in talks with banks to raise between $900 million and $950 million. The funds will be utilised to support the expansion and development of data centre infrastructure across India.

The discussions come as AdaniConneX aims to capitalise on the growing demand for data centre services in India, driven by increasing digitalization and the adoption of cloud computing technologies. The funds raised will enable the company to accelerate the deployment of data centre facilities and meet the evolving needs of businesses and consumers for reliable and secure data storage solutions.

AdaniConneX's strategic partnership with EdgeConneX, a leading provider of data centre solutions globally, positions it as a key player in India's rapidly expanding data centre market. The joint venture combines Adani's extensive infrastructure capabilities and EdgeConneX's expertise in deploying and operating data centres to deliver world-class facilities across the country.

The planned fundraising underscores AdaniConneX's commitment to supporting India's digital transformation agenda and contributing to the development of robust data infrastructure in the country. By leveraging innovative technologies and strategic partnerships, the company aims to establish itself as a preferred provider of data centre services in the Indian market.

As discussions with banks progress, AdaniConneX remains focused on securing the necessary funding to fuel its growth ambitions and address the increasing demand for data centre capacity in India. The planned capital raise reflects the company's confidence in the long-term prospects of the Indian data centre industry and its commitment to driving innovation and excellence in the sector.

AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, is in talks with banks to raise between $900 million and $950 million. The funds will be utilised to support the expansion and development of data centre infrastructure across India. The discussions come as AdaniConneX aims to capitalise on the growing demand for data centre services in India, driven by increasing digitalization and the adoption of cloud computing technologies. The funds raised will enable the company to accelerate the deployment of data centre facilities and meet the evolving needs of businesses and consumers for reliable and secure data storage solutions. AdaniConneX's strategic partnership with EdgeConneX, a leading provider of data centre solutions globally, positions it as a key player in India's rapidly expanding data centre market. The joint venture combines Adani's extensive infrastructure capabilities and EdgeConneX's expertise in deploying and operating data centres to deliver world-class facilities across the country. The planned fundraising underscores AdaniConneX's commitment to supporting India's digital transformation agenda and contributing to the development of robust data infrastructure in the country. By leveraging innovative technologies and strategic partnerships, the company aims to establish itself as a preferred provider of data centre services in the Indian market. As discussions with banks progress, AdaniConneX remains focused on securing the necessary funding to fuel its growth ambitions and address the increasing demand for data centre capacity in India. The planned capital raise reflects the company's confidence in the long-term prospects of the Indian data centre industry and its commitment to driving innovation and excellence in the sector.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement