Adani Enterprises has given on lease 4.64 lakh sq ft of space at its data centre in Noida to Raiden Infotech, an entity of Google, for Rs 11 crore monthly rent. The documents showed that D C Development Noida Ltd, which is part of Adani Enterprises Ltd, has leased 4,64,460 sq ft of space at Adani data centre in Sector-62, Noida for a period of 10 years.
The rental is Rs 235 per sq ft per month. The starting annual rent is Rs 130.89 crore and there will be a 1 percent increase in the rental every year. The lease agreement was signed last month.
In February 2021, Adani Enterprises formed an equal joint venture with global data centre operator EdgeConneX to develop and operate data centres throughout India. To start with, the JV had announced building a network of hyper-scale data centres in India, starting with Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad.
In July 2021, Noida Authority allotted 34,275 sq mts land at Sector 62 to Adani Enterprises for setting up a data centre with an investment of around Rs 2,400 crore. Adani Enterprises Ltd had in November last year divested its 100 percent stake in DC Development Noida Pvt Ltd to AdaniConnex Pvt Ltd, which is an equal joint venture between Adani Enterprises and EdgeConneX.
