Gautam Adani’s $70 billion pledge now includes greenest data centres - News Summed Up

Gautam Adani’s $70 billion pledge now includes greenest data centres


Notwithstanding the hurdles, the 59-year-old billionaire sees a booming demand for data centres as ultra-speedy 5G services, quantum computing and cloud storage applications expand. ‘Hard to replicate’“The Adani Group is well positioned to benefit from this trend given our ability to build data centres, connect data centres, and provide 100% green power to data centres – a provision that will be hard to replicate at an economic scale elsewhere in the world,” the tycoon said. Adani Green Energy Ltd. advanced as much as 2.9%, taking its climb to almost 20% in 2021. In the past two decades, the group has rapidly diversified into ports, power generation and distribution, airports, data centres and digital services. The conglomerate “has had an early start and our portfolio includes increasingly green ports, green airports, green power, and green transmission,” Adani said.


Source: The Hindu November 12, 2021 15:30 UTC



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