Adani Group commits Rs 50,000 cr investment in Maharashtra

In a monumental move, Adani Enterprises Ltd, the flagship company of the Adani Group, has joined hands with the Maharashtra Government to establish a 1 GW hyperscale data infrastructure in the state, marking a staggering investment of Rs 50,000 crore over the next decade.

The Memorandum of Understanding (MoU) was formalized in the esteemed presence of Maharashtra Chief Minister Eknath Shinde and Adani Group Chairman Gautam Adani during the World Economic Forum 2024.

This cutting-edge data center infrastructure, strategically positioned in key locations such as Mumbai or Navi Mumbai and Pune, is set to be powered entirely by renewable energy. This initiative not only reinforces Maharashtra’s commitment to green energy but also anticipates the creation of direct and indirect employment opportunities for approximately 20,000 individuals.

In addition to the colossal investment, the Adani Group has expressed its intention to make deemed distribution investments to fuel the proposed 1 GW hyperscale data center infrastructure, as outlined in a press statement.
The Maharashtra government, recognizing the significance of advancing information technology-related infrastructure and services, views this ambitious hyperscale project as a pivotal driver of economic and social benefits for the state.

 

TDG Network

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