Tuesday, June 25, 2024
HomeWhat's NewNewsAdani Enterprises Acquires Land to Set Up Data Centre In Noida

Adani Enterprises Acquires Land to Set Up Data Centre In Noida

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Adani Enterprises Ltd has acquired a vast tract of 34,375 square metres land in Noida for setting up a data centre at a cost of Rs 103.41 crore. The company has planned a total investment of Rs 2,400 crore, reports Economic Times.

The upcoming data centre at Noida’s Sector 62 will reportedly generate 1,350 employment opportunities.  ET has quoted a Noida authority spokesperson saying, “We had received four applications for the land parcel and based on the project reports, Adani Enterprises has been selected.”

Adani group is planning to set up one of its largest data centres in Noida. “This is one of the several locations across India that we see having significant potential for establishing data centres as we build out 400-500 MW of data centre capacity over the next five years,” an Adani group spokesperson said.

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Besides Adani, the Noida Authority has also allotted another 16,350 sqm land in sector 145 to MAQ India to set up a IT facility. The Noida authority had allotted close to 2 million sq ft of industrial land to 13 companies along with Adani as part of Uttar Pradesh’s strategy to attract investment and employment in the state, the report added. It had recently adopted Uttar Pradesh’s data centre policy to make land rates economical for companies to set up data centres near the upcoming Jewar Airport.

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