AdaniConneX acquires Vizag Mega Data Centre Park for ₹1,085.51 crore

AdaniConneX has acquired 100 per cent ownership of Vizag Mega Data Centre Park Ltd for ₹1,085.51 crore, strengthening its plans to develop data centre infrastructure in Visakhapatnam, Andhra Pradesh.

The acquisition gives AdaniConneX complete control of the company holding the land and licences required for the proposed data centre development. The transaction marks a significant step in the company's efforts to expand its digital infrastructure footprint in the country.

Visakhapatnam has been emerging as an important destination for large-scale data centre investments, supported by its coastal location, connectivity and potential to develop digital infrastructure. The acquisition is expected to strengthen the city's position in India's growing data centre ecosystem.

Data centres are critical infrastructure for cloud computing, artificial intelligence, digital services and the storage and processing of large volumes of information. With demand for such facilities increasing, major infrastructure and technology companies are exploring opportunities to expand capacity across India.

The ₹1,085.51-crore transaction gives AdaniConneX ownership of the project entity and access to the land and regulatory licences associated with the development. The acquisition could provide a foundation for the company to advance its proposed data centre plans in Visakhapatnam.

The development is significant for Andhra Pradesh as it seeks to attract investments in technology, digital infrastructure and allied sectors, potentially creating opportunities in construction, engineering, power infrastructure and technology-related services.