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Private Sector | Multi State - India | PID: 202832
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AdaniConneX has entered into agreements to raise sustainability-linked financing of upto USD 1.44 billion. With this, the company's construction financing pool has reached USD 1.65 billion, including its maiden construction facility executed in June 2023.
AdaniConneX, a joint venture between Adani Enterprises (AEL) and data centre operator EdgeConneX, has raised the capital from ING Bank NV, Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Société Générale and Sumitomo Mitsui Banking Corporation, and has signed agreements for the financing, which will have an initial commitment of USD USD 875 million.
While this will help to meet the challenges of creating sustainable and robust digital infrastructure, it would also set new benchmarks in the sector and digital growth, as in delivering a data centre solution. An access to this scale of liquidity would further fuel the company’s strategy to fast-track the implementation of portfolio assets in line with accelerating demand.
In June 2023, AdaniConneX had raised USD 213 million to set up two data centres of 67 MW capacity, one with 50 MW capacity in Delhi and another with a 17 MW in Chennai.
| Updated on: 03 - May - 2024
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