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AdaniConneX's $ 1.44 bn construction financing benchmark
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 Partners for Sustainable Data Centers
AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, has collaborated with several banks to secure around Rs 115.20 billion for the development of sustainable data centres. The partnership underscores a commitment to advancing digital infrastructure while prioritising environmental sustainability.
The collaboration involves financial institutions such as HDFC Bank, Standard Chartered Bank, and Yes Bank, among others. The funding will support the construction of state-of-the-art data centres equipped with advanced technologies to meet the growing demand for digital ser..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
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 Rs5.508 billion. Profit After Tax (PAT) for the year marked a commendable ascent of 16.7 %, reaching Rs3.414 billion, while consolidated PAT escalated by 14.7 % to Rs3.508 billion. In the fourth quarter alone, IEX observed a notable 15.5 % surge in total volumes, recording 30.1 BU. Quarterly revenue soared to ..
