Adani Group will invest Rs 70,000 crores to build 'green' data centre parks in Andhra Pradesh, potentially creating over 100,000 jobs over 20 years, the company said in a statement
Shares of Adani Enterprises erased gains and traded flat in the early trade on January 10 after signing an agreement to develop solar-powered data centre parks in Andhra Pradesh.
Adani Group and the government of Andhra Pradesh signed a memorandum of understanding (MoU) to build data centre parks up to 5 GW capacities in and around Visakhapatnam over the next 20 years.
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"Adani Group will invest Rs 70,000 crores, potentially creating over 100,000 jobs over 20 years," the company said in a statement.
The stock traded flat after gaining as much as 2.5 percent initially on the BSE, quoting at Rs 153.15.At 0930 hours, Adani Enterprises was quoting at Rs 150.05, up 0.50 percent.