Investors eyeing India’s data centre boom should diversify across the entire ecosystem, including renewable energy, power, real estate, telecom and technology providers, according to top money managers.
Adani Enterprises Ltd, the flagship of billionaire Gautam Adani-run conglomerate, is investing around USD 1.5 billion in its fledgling data centre business in the next three years.
Adani Power on January 25 reported a consolidated net profit of Rs 2,737.96 crore for the quarter ended December 31, 2023. The net profit for the same quarter in the year-ago period was Rs 8.77 crore.
The company is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030.
"Parties to the proposed transaction (for which a binding memorandum of understanding had been signed earlier) have executed a Share Purchase Agreement and concluded the transaction," a BSE filing stated.