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The Adani Group Has Recently Acquired the Approval to Set Up a Data Centre in Noida

It also followed an intervention by the state government sighting the amended Data Centre Policy of 2022. This is a massive step taken up by the Adani Group in the tech sector. It will allow the global conglomerate to rise above the Adani Group Controversies.

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The Adani Group Has Recently Acquired the Approval to Set Up a Data Centre in Noida

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  1. The Adani Group Has Recently Acquired the Approval to Set Up a Data Centre in Noida

  2. This data centre will be a joint venture between Adani Enterprises and EdgeConneX for developing a 50 MW data centre park. The decision reversed their earlier rejection. It also followed an intervention by the state government sighting the amended Data Centre Policy of 2022. This is a massive step taken up by the Adani Group in the tech sector. It will allow the global conglomerate to rise above the Adani Group Controversies.

  3. The Approval to Set Up the Data Centre The move was followed by an intervention by the state government authority which had earlier rejected AEL’s request. The request was rejected mentioning that the agreement that the two had signed did not have much provision. AEL once again took this request with the industrial development division where it said that there was a provision to sublease a plot under the amended UP Data Centre Policy of 2022. These steps have not only helped the Adani Group boost its presence in the data centre sector but have also managed to put a stopper to the Adani Group Controversies.

  4. The Initial Deal On 12th April 2021, AEL was handed 10 acres in Sector 80 for INR 70 crore. This was to set up the data centre in 6 years. The SPV Noida Data Centre Limited was created for the project by AdaniConneX. This was going to be one of the biggest ventures in the data sector segment in Noida. On 7th March 2024, AEL sought the authorities’ permission to sublease the land free of cost. They claimed that the amended government policy of 2022 allowed it to do so.

  5. The Approval Process A committee composed of the chief legal advisor, finance controller, and an additional CEO was given the responsibility to review the request. The panel, however, recommended against the application. They said that since AEL was the original allottee of the plot, it must complete the project first. Then it should obtain an occupancy certificate before placing the subleasing request. After this decision was made, AEL escalated its plea with the industrial development department. This department sought an opinion from the electronics and IT departments.

  6. Thank You For Your Attention

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