Adani Group has incorporated a new subsidiary to set up a data centre in Mumbai. AdaniConnex Pvt Ltd, a 50:50 joint venture of Adani Enterprises and EdgeConnex Europe BV incorporated a wholly-owned subsidiary Mumbai Data Centre Ltd.
The new unit will undertake business to develop, operate, maintain, deal with data centres, information technology (IT)/ information technology-enabled services (ITES)/ cloud, providing services related thereto and to undertake activities associated with its infrastructure development including land acquisition and development for the said purpose.
The subsidiary, Mumbai Data Center Limited (MDCL), was formed with an initial authorised and paid-up share capital of Rs 1,00,000 each to undertake business to develop, operate, maintain, deal with data centres, information technology, cloud providing services.
It'll also undertake activities associated with its infrastructure development, including land acquisition and development for the said purpose, the company said, adding that MDCL will start its business operations in due course.
A data centre provides the necessary secured architecture wherein computing and networking equipment is concentrated for collecting, storing, processing, distributing or allowing access to large amounts of data.
Gautam Adani had in November 2021 stated that he wants his conglomerate to be a world leader in green data storage, with sites run entirely on clean power, in sync with India's goal of turning carbon net-zero by 2070.
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