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AdaniConneX Secures Record Green Financing
AdaniConneX, a pioneering force in sustainable data infrastructure, has achieved a significant milestone by securing a staggering $1.44 billion in green financing. This landmark achievement not only underscores the company's commitment to environmental stewardship but also signals a paradigm shift in the financing landscape of data centers.
The $1.44 billion green financing, secured through a consortium of leading global financial institutions, reaffirms AdaniConneX's position as a trailblazer in integrating sustainability into the core of its operations. This substantial investment wi..
AdaniConneX Revolutionizes Data Centers with Green Financing
AdaniConneX, a trailblazer in the realm of data centers, is spearheading a green revolution through pioneering financing mechanisms. With a commitment to sustainability at its core, AdaniConneX is leveraging innovative financial strategies to drive the transformation of data centers into eco-friendly hubs of digital activity.
Through a strategic partnership with global investors, AdaniConneX has secured substantial funding to propel the development of sustainable data infrastructure. This investment not only fuels the expansion of data center facilities but also prioritizes the integra..
AdaniConneX's $ 1.44 bn construction financing benchmark
The upcoming data centre facilities were announced to utilise state-of-the-art technologies and renewable energy solutions aimed at minimising the ecological footprint while optimising operational efficiency. According to the release, it was stated that definitive agreements had been executed with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation.
Jeyakumar Janakaraj, CEO of AdaniConneX, mentioned that the successful exercise was a testament to the colle..
IEX reports 13.7% spike in annual volume; 110.1 billion units in FY24
The Indian Energy Exchange (IEX) disclosed a notable 13.7% uptick in total volumes, reaching 110.1 billion units (BU) for the fiscal year ending March 31, 2024. The company unveiled its audited standalone financial outcomes on May 15, 2024, spotlighting a robust revenue surge of 16.2% to ?5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching ?3.414 billion, while consolidated PAT escalated by 14.7 % to ?3.508 billion.
In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared..
Macrotech Developers to Invest Rs.35 -40 Bn This Fiscal
Macrotech Developers, formerly known as Lodha Developers, is set to inject between ?35 to ?40 billion in land acquisitions during the current fiscal year. This strategic move aims to strengthen the company's land bank as it eyes expansion opportunities in the real estate market.
The Mumbai-based real estate giant has been actively pursuing land parcels to fuel its growth trajectory. With this substantial investment earmarked for land acquisition, Macrotech Developers aims to bolster its presence across key markets.
This investment comes at a crucial juncture for the real estate s..
