Indian multinational conglomerate Adani Enterprises is to build a new data center and business park in Visakhapatnam, India.
In a filing to the BSE (formerly known as the Bombay Stock Exchange), Adani Enterprises this week incorporated a new wholly-owned subsidiary, Vizag Tech Park Ltd (VTPL).
In the filing, the company said VTPL is incorporated with the objective to develop and establish an 'integrated data center park and technology/business park.’ The company is yet to commence operations.
Though the company hasn’t released more details, Vizag is a shortened name for Visakhapatnam; a port city and industrial center in the East Indian state of Andhra Pradesh, on the Bay of Bengal. The Andhra Pradesh government granted Adani group's permission to set up data center park in the city in November 2020, with an investment of Rs 14,634 crore ($198 million).
Last month Adani Enterprises and EdgeConneX formed a new joint venture in India called AdaniConneX to develop 1GW of data center capacity over the next 10 years, including in Vizag. AdaniConneX aims to build both hyperscale and Edge facilities.