AdaniConneX's $ 1.44 bn construction financing benchmark
ECONOMY & POLICY

AdaniConneX's $ 1.44 bn construction financing benchmark

The upcoming data centre facilities were announced to utilise state-of-the-art technologies and renewable energy solutions aimed at minimising the ecological footprint while optimising operational efficiency. According to the release, it was stated that definitive agreements had been executed with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation.

Jeyakumar Janakaraj, CEO of AdaniConneX, mentioned that the successful exercise was a testament to the collective resolve of the parties to tackle the challenges of establishing sustainable and robust digital infrastructure, thereby pushing norms and setting new industry benchmarks. He expressed his satisfaction with the progress, stating, "Construction financing is a core element of the AdaniConneX capital management plan, enabling us to deliver a data centre solution firmly rooted in sustainability and environmental stewardship. We are delighted to embark on this journey alongside our esteemed international banking partners."

The Mandated Lead Arrangers included ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation. Structuring Banks were ING Bank N.V. and MUFG Bank Ltd, while Sustainability Co-ordinators were ING Bank N.V., MUFG Bank Ltd, and Sumitomo Mitsui Banking Corporation. Allen and Overy along with Saraf and Partners served as the borrower's counsels, whereas Milbank and Cyril Amarchand Mangaldas acted as the lenders' counsels.

The upcoming data centre facilities were announced to utilise state-of-the-art technologies and renewable energy solutions aimed at minimising the ecological footprint while optimising operational efficiency. According to the release, it was stated that definitive agreements had been executed with eight international lenders, including ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation. Jeyakumar Janakaraj, CEO of AdaniConneX, mentioned that the successful exercise was a testament to the collective resolve of the parties to tackle the challenges of establishing sustainable and robust digital infrastructure, thereby pushing norms and setting new industry benchmarks. He expressed his satisfaction with the progress, stating, Construction financing is a core element of the AdaniConneX capital management plan, enabling us to deliver a data centre solution firmly rooted in sustainability and environmental stewardship. We are delighted to embark on this journey alongside our esteemed international banking partners. The Mandated Lead Arrangers included ING Bank N.V., Intesa Sanpaolo, KfW IPEX, MUFG Bank, Natixis, Standard Chartered Bank, Societe Generale, and Sumitomo Mitsui Banking Corporation. Structuring Banks were ING Bank N.V. and MUFG Bank Ltd, while Sustainability Co-ordinators were ING Bank N.V., MUFG Bank Ltd, and Sumitomo Mitsui Banking Corporation. Allen and Overy along with Saraf and Partners served as the borrower's counsels, whereas Milbank and Cyril Amarchand Mangaldas acted as the lenders' counsels.

Next Story
Infrastructure Urban

IEEMA Targets over 2X Growth in Electronics Exports within 5 Years

The electrical and electronics manufacturing sector in India aims to more than double its exports to $25 billion over the next five years. Currently, the industry exports goods worth approximately $12 billion. The Indian Electrical & Electronics Manufacturers' Association (IEEMA) is focused on expanding market access globally and positioning India as a key hub for electrical and electronics manufacturing. At Elecrama 2025 in Greater Noida, industry representatives emphasized the growing global interest in India as a reliable energy solutions provider, driven by shifts in the international su..

Next Story
Infrastructure Urban

Kerala Secures Rs 1.53 Tn Investment Proposals at Investors' Summit

Kerala secured investment proposals worth Rs 1.53 trillion from 374 companies during the two-day Invest Kerala Global Summit 2025 (IKGS). The largest commitment, amounting to Rs 300 billion, came from the Adani Group. The summit, held on February 21-22, attracted significant interest from the information technology sector, with 24 companies planning expansions through an additional investment of nearly Rs 85 billion, creating around 60,000 new jobs. A total of 66 companies submitted expressions of interest (EoIs) for investments exceeding Rs 5 billion. The summit strengthened investor confid..

Next Story
Building Material

Artson Group, Malabar Cements Team Up for Boat Manufacturing in Kerala

Artson Group, a subsidiary of the Tata Group, has partnered with Malabar Cements, a public sector undertaking, to establish a boat manufacturing unit in Kochi. A Memorandum of Understanding (MoU) was signed during the Invest Kerala Global Summit, which concluded on Saturday, for the development of this Rs 3 billion project. The initiative aims to boost industrial growth in Kochi, with the Tata Group subsidiary expressing its commitment to investing in the region. Under the agreement, a boat manufacturing unit specializing in vessels under 100 tonnes will be developed on a seven-acre plot leas..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?