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With an order visibility of 1.5-2 GW, Adani ConneX could see its market share rise significantly. Achieving a 1 GW capacity could potentially elevate its share to around 25 percent.
The Adani Group is reportedly advancing its $4 billion plan to expand its data centre business in response to a surge in demand from technology giants. According to a report by Mint, this move aims to strengthen the group’s power sector by tapping into the substantial power requirements associated with data centre services.
Adani ConneX Pvt. Ltd., a joint venture between Adani Enterprises Ltd. and Virginia-based EdgeConneX, currently operates 17 megawatts (MW) of data centre capacity while managing 210 MW in various stages of construction. With demand for data centre services skyrocketing, the Adani Group now aims to achieve a data centre capacity of 1 to 1.5 gigawatts (GW) within the next one to two years, significantly accelerating its original timeline from five years, the Mint report added.
To reach this ambitious goal, the group plans to invest an additional $4 billion, with current investment estimates at approximately Rs 40 crore per MW., people in the know told Mint. Industry insiders suggest that the rapid growth in data centre demand is so significant that the Adani Group may consider slowing down investments in other sectors to redirect funds into the data centre business as part of a strategic shift.
“The average order size for data centre services has dramatically increased from 5-10 MW two years ago to 50-100 MW now,” a source familiar with the matter stated. Currently, Adani Group holds just a 2.5 percent share of India’s data centre market, which is expected to expand from its current capacity of 700 MW to 4 GW by FY30.
With an order visibility of 1.5-2 GW, Adani ConneX could see its market share rise significantly. Achieving a 1 GW capacity could potentially elevate its share to around 25 percent.