Reliance-Brookfield: To establish a data centre in Chennai, Reliance Industries has teamed up with US-based Digital Reality and Canada’s Brookfield Asset Management. The company’s chairman and managing director, Mukesh D. Ambani, said that it will open the following week. Read on to know more.
Reliance-Brookfield to open a data centre in Chennai
In July of last year, Reliance made a roughly Rs 378 crore investment to join an already-existing joint venture in which US-based real estate investment trust Digital Realty and Brookfield Infrastructure were already participants. Each of the three has a 33% stake in the business.
Ambani, chairman and managing director of Reliance Industries Ltd., stated during his speech at the Tamil Nadu Global Investors Meet that his company is building a data centre in the state in addition to investing in green hydrogen and renewable energy.
The joint venture has purchased 2.15 acres of land in Mumbai to construct an additional 40-megawatt data centre, and it will open a 20-megawatt greenfield data centre in Chennai next week.
What did Mr Ambani say?
Ambani stated that Tamil Nadu has long been a state with a rich intellectual and cultural legacy and that the state has developed into one of the nation’s most business-friendly regions under the direction of Chief Minister M K Stalin.
“Therefore, I have every reason to believe it will soon become a trillion-dollar economy, which is the apt slogan of this summit,” he said.
Will Adani face competition?
Beginning in Chennai, Navi Mumbai, Noida, Vizag, and Hyderabad, AdaniConneX is developing a network of hyperscale data centres throughout India. The company is constructing data centres that run entirely on renewable energy.
Adani is also investing ₹21,844 crore to build two data centres in Visakhapatnam, India. The data centres are going to be situated close to Visakhapatnam in Madhurawada and Kapulappada.
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