AdaniConneX in talks with global banks to raise $1.5 billion loan for data centres

What is the $1.5 billion loan deal?

AdaniConneX, a joint venture between the Adani Group and US-based data centre operator EdgeConneX, is in advanced discussions with international banks to secure an offshore loan facility of approximately $1.5 billion.

The proposed debt facility is expected to carry a tenure of five to seven years, with negotiations currently focusing on pricing terms. Lenders involved in the talks include DBS Group Holdings, First Abu Dhabi Bank, Mitsubishi UFJ Financial Group, Natixis, ING Bank, and Société Générale.

The offshore funds will support the rapid build-out of high-capacity digital infrastructure across key commercial centres in India, catering to high-density artificial intelligence and cloud computing workloads.

How does this fit into India's digital expansion?

The proposed $1.5 billion facility follows an earlier $800 million bridge loan raised by AdaniConneX for data centre development in Andhra Pradesh, alongside a separate $800 million financing arrangement for five projects in Telangana with a combined planned capacity of 310 megawatts.

The Adani Group has outlined plans to invest $100 billion by 2035 in digital infrastructure, with a strong focus on renewable-powered facilities. This commitment sits alongside major investment drives across the sector as Indian firms expand computing capacity to meet surging enterprise demand.

Why is India becoming a global data hub?

India's installed data centre power capacity expanded from 375 megawatts in 2020 to 1.57 gigawatts by August 2026. Official estimates project operational capacity to reach nearly 8 gigawatts by 2030, supported by roughly $200 billion in anticipated sector investments over the coming decade.

Targeted policy initiatives by the Central Government have provided strong momentum. Data centres were granted official infrastructure status in the 2022–23 Union Budget, easing access to long-term institutional credit. In the 2026–27 Budget, eligible foreign cloud service providers serving global clients out of Indian facilities were offered a tax holiday extending until 2047.

Simultaneously, the Union Cabinet's ₹10,371.92 crore IndiaAI Mission has expanded public computing infrastructure, providing over 45,000 GPUs for research and industry development while deploying exaflop-scale supercomputing power at government facilities in New Delhi.

What comes next for AdaniConneX facilities?

AdaniConneX is scaling operational capacity through international partnerships. Cloud platform CoreWeave has partnered with the firm for a 240-megawatt AI cloud installation in Navi Mumbai, with options to double capacity to 480 megawatts. In Chennai, cloud firm OneQode has secured an initial 14-megawatt deployment with provision to expand up to 114 megawatts.

With power demand from data centres expected by the Central Electricity Authority to reach approximately 17 gigawatts by 2031–32, Adani's integrated power generation and green energy capabilities position the enterprise to supply these facilities with reliable, clean electricity.