AdaniConneX acquires Adani Power unit for Rs 535.69 crore to accelerate India data-centre buildout
AdaniConneX, the Adani Enterprises-backed data-centre joint venture, has acquired 100% of Adani Power-owned Chandenvalle Infra Park. The Rs 535.69 crore cash deal secures Gujarat land and licences intended to speed capacity development across India.
What happened
AdaniConneX, Adani Enterprises’ data-centre joint venture, acquired 100% of Adani Power-owned Chandenvalle Infra Park for Rs 535.69 crore, securing Gujarat land
Key facts
- Rs 535.69 crore cash acquisition
- 100% equity acquired
- Rs 1 lakh authorised share capital
- Rs 1 lakh paid-up share capital
- 5.09% Adani Enterprises share-price rise in the past month
- 43.15% Adani Enterprises share-price rise in the past year
Why this matters
By buying an affiliated power-unit asset outright, AdaniConneX demonstrates how targeted acquisitions of land and licences can compress data-centre expansion timelines.
What to watch
- Formal announcement of Gujarat campus megawatt capacity, construction start date and commissioning schedule.
- Named hyperscaler, cloud, AI, telecom or enterprise tenant pre-leases.
- Power-access approvals, renewable PPAs, transmission links and captive/backup generation plans.
- Further AdaniConneX acquisitions of land, SPVs, permits or fibre/network assets.
- Capital-expenditure guidance, project financing terms and any changes in leverage or joint-venture ownership.
- Evidence of data-centre demand growth in India from cloud-region launches, AI infrastructure investments and data-localisation requirements.
- Seek grid-connection, substation and renewable-power arrangements for the Gujarat site.
- Announce phased campus capacity, likely tied to an anchor tenant or hyperscaler pre-commitment.
- Pursue additional land-bank and approval acquisitions near major connectivity, power and cloud-demand corridors.
- Bundle data-centre offers with renewable-energy procurement, backup power and network-connectivity partnerships.
- Raise or reallocate capital through Adani Enterprises, strategic partners, debt facilities or project-level financing to fund buildout.