The Government of Andhra Pradesh today signed an agreement with Adani Group to set up a data center in Andhra Pradesh. Anani Group will set up a 5 GW data center parks in three locations in 500 acres of land in Visakhapatnam, over the next 20 years. Adani Group will invest Rs 70,000 crore for this center, which will generate lakh jobs in the next twenty years.
The Data Center parks will be powered with 100 percent Renewable Energy that will be produced within Andhra Pradesh whereby stepping up the renewable target goals proposed by the state.
This advancement brought cheers among investors which led to a marginal surge in the stock price of Adani Group. After having traded flat in the morning session, Adani Enterprise Ltd quickly rose by 0.50 percent to Rs. 150.10, Adani Transmission Ltd up by 1.81% at Rs. 211.20 and Adani Ports & Special Economic Zone up by about 1% to Rs. 381 per share in an otherwise subdued market, during mid-market trade, Thursday. Meantime, The BSE Sensex was down 83 points at 36,129, while the NSE Nifty50 shed 31 points to 10,823-levels at around 1.40 pm.