Indian conglomerate Adani Enterprises has acquired another plot of land in Noida, India, on which it plans to build a data center.

The company has acquired a 34,275 square meter (369,000 sq ft) land parcel in Uttar Pradesh.

According to India’s Economic Times, the company reportedly paid Rs 103.41 crore ($13.8 million) for the land in Sector 62, and plans to invest up to Rs 2,400 Crore ($323m) developing a data center on the site.

“We had received four applications for the land parcel and based on the project reports, Adani has been selected,” said a Noida authority spokesperson.

In a statement, Adani said: “This is one of the several locations across India that we see having significant potential for establishing data centers as we build out 400 to 500MW of data center capacity over the next five years.”

“Our position as the largest renewable power player in the country, as well as our access to several undersea cables across the Indian coastline through our port locations, puts us in a strong position in one of the most happening data center markets in the world.”

In April, Adani was granted a 39,146 sqm (421,300 sq ft) plot of land for data center in Noida, in Sector 80. The company is expected to invest Rs 2,500 crore ($333m) in the facility.

Adani is also developing a data center campus in Visakhapatnam, India.

Earlier this year Adani partnered with EdgeConneX to form a new joint venture to develop data centers in India. The new company, AdaniConneX, is building a data center in Chennai for Flipkart.

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