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Adani Group acquires 25-acre plot for $56 6m to build data center in Pune, India - report

Adani Group acquires 25-acre plot for $56 6m to build data center in Pune, India - report
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Stocks on Focus: Paytm, Godrej Properties, RattanIndia, Protean eGov, Finolex

On Tuesday, April 9th, 2024, the Indian stock markets reached record highs. The BSE S&P Sensex rose above.

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Adani Group Acquires 25-Acre Land Parcel In Pune s Haveli For ₹470 Crore

Adani Group Acquires 25-Acre Land Parcel In Pune s Haveli For ₹470 Crore
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adani group company: Adani Group acquires 25 acres from Finolex in Pune to set up data center

In February 2021, Adani Groups flagship company Adani Enterprises entered a 50:50 joint venture with EdgeConneX to develop and operate data centers throughout India. The joint venture will focus on building a network of hyperscale data centers across the country, starting with Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad markets.

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Finolex Industries sells leasehold rights for Rs 470 crore near Pune

Terravista Developers plan to construct a data centre on the land and the MIDC has given approval for the same.

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