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Maharashtra: Adani Enterprises to invest Rs 50,000 cr in data centre infrastructure in next 10 yrs
Screen grab of video posted on X by @CMOMaharashtra

Maharashtra: Adani Enterprises to invest Rs 50,000 cr in data centre infrastructure in next 10 yrs

| @indiablooms | 17 Jan 2024, 11:05 pm

Davos (Switzerland): Adani Group’s flagship company Adani Enterprises Limited on Wednesday signed a memorandum of understanding (MoU) with the Maharashtra government to set up 1 GW hyperscale data centre infrastructure in the state at an investment of Rs 50,000 crore in the course of the next decade, media reports said.

The Memorandum of Understanding (MoU) was formally executed in the presence of Maharashtra Chief Minister Eknath Shinde and Adani Group Chairman Gautam Adani during the World Economic Forum 2024 in Davos, reported Moneycontrol.

The upcoming data centre infrastructure, strategically located in key areas such as Mumbai and Pune, will operate on renewable energy sources.

This initiative is expected to significantly bolster the green energy landscape in Maharashtra while creating employment opportunities for approximately 20,000 individuals, as per an official statement from the Adani Group, reported Moneycontrol.

The Adani Group has outlined plans to make substantial investments in deemed distribution to power the proposed 1 GW hyperscale data center infrastructure.

“The Maharashtra government is keen on promoting information technology related infrastructure and services and considers the proposed hyperscale project to be economically and socially beneficial to the state,” the release added, the report said.

Maharashtra Chief Minister Eknath Shinde's Office wrote on X, "In the ongoing World Economic Conference in Davos, Switzerland, Maharashtra signed MoUs worth 3 lakh 10 thousand 850 crores in two days and agreements worth 42 thousand 825 crores are being signed tomorrow. In this way, Chief Minister @mieknathshinde informed today through social media that he is making a record MoU worth 3 lakh 53 thousand 675 lakh crores.

"Apart from this, the Chief Minister also thanked the state by saying that global industries and investors have increased their confidence in the state as the industries have shown interest in investing 1 lakh crores."

It is worth noting that Mumbai's renewable energy share surpasses that of top global cities at present.

In 2023, Adani Electricity Mumbai Limited [AEML] accounted for up to 38 percent of Mumbai consumers' electricity needs from renewable sources and aims to double this number to 60 percent by 2027.

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