Adani Group Plans $1.5 Billion Loan For Data Center Expansion

TV9 Hindi · business

Adani Group is preparing to raise approximately $1.5 billion in foreign debt to expand its data center business. This move signifies a strategic shift towards digital infrastructure, aligning with a larger plan to invest $100 billion in digital infrastructure by 2035. The joint venture AdaniConneX Pvt. is leading discussions with global banks like DBS Group and MUFG for this offshore funding. This expansion occurs amidst increasing demand for cloud services and AI capabilities, intensifying competition with Reliance Industries in India's rapidly growing data center market.