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AdaniConneX Buys Tech Park for Data Center Expansion
22 Nov
Summary
- AdaniConneX acquired Trade Castle Tech Park for Rs 234.31 crore.
- The acquisition aims to bolster Adani's digital infrastructure capacity across India.
- Trade Castle Tech Park is a new entity with land and licenses for infrastructure.
AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, has significantly expanded its data centre footprint with the Rs 234.31 crore acquisition of Trade Castle Tech Park Pvt Ltd. This move is poised to bolster Adani's extensive digital capacity initiatives throughout India, providing crucial support for its burgeoning hyperscale data centre projects.
The acquired Trade Castle Tech Park, established in October 2024, is a new entity that has secured vital land parcels and necessary licenses. While it has yet to commence commercial operations, its foundational assets are deemed critical for AdaniConneX's future development and expansion plans within the data centre sector.
This acquisition aligns with the Adani Group's broader commitment to digital infrastructure, including a substantial Rs 1 lakh crore investment planned over the next decade in Andhra Pradesh, spanning various sectors. The group is also collaborating with Google on developing Vizag Tech Park, intended to be one of the world's largest green-powered hyperscale data-centre ecosystems.
