City
Epaper

Adani Group forms new subsidiary to set up data centre

By IANS | Published: February 06, 2022 9:54 PM

New Delhi, Feb 6 Adani Group has incorporated a new subsidiary to set up a data centre in ...

Open in App

New Delhi, Feb 6 Adani Group has incorporated a new subsidiary to set up a data centre in Mumbai, it said in a regulatory filing.

Reportedly, it is one of the half a dozen cities that the group has identified to set up data centres initially.

"...we would like to inform that AdaniConnex Private Limited, Joint Venture of the Company with EdgeConnex Europe BV has incorporated a WOS (wholly owned subsidiary) namely, Mumbai Data Center Limited ('MDCL'), on 4th February...," the filing said.

The new arm will undertake business to develop, operate, maintain, deal with data centres, Information Technology, Information Technology Enabled Services (ITES), cloud, providing services related thereto and to undertake activities associated with its infrastructure development including land acquisition and development, it added.

"MDCL will commence its business operations in due course."

The diversification comes close on the heels of the Centre's push towards data localisation.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: FebruaryAdani Group
Open in App

Related Stories

BusinessGautam Adani in Discussion with Vijay Shekhar Sharma for Paytm Stake Acquisition

NationalAdani Group Dismisses Reported Bribery Probe by US Prosecutors as False

MaharashtraDRPPL Commences Dharavi Survey; Social Activist Raises Concerns Over Zone Selection

BusinessAdani Group To Invest Rs 1.2 Lakh Crore in 2024–25, 40% Higher Year-Over-Year: Sources

BusinessShare Market News: Sensex Goes Down by 1,000 pts, Nifty below 22k, Midcaps, Smallcaps Bleed

International Realted Stories

InternationalGCC chief condemns Israel occupation's attempts to undermine UNRWA

InternationalUAE's 'Cyber Pulse' initiative wins prestigious honour at WSIS Prizes 2024

InternationalSaudi Arabia condemns Israeli attempts to undermine UNRWA efforts

InternationalDrug smuggling attempt at Karachi's Jinnah Airport thwarted, 1 arrested

InternationalPalestinian leadership urges Israel to withdraw from Gaza, open crossings