AdaniConneX Completes Vizag Data Centre Acquisition

AdaniConneX Private Limited, a joint venture of Adani Enterprises Limited, has completed the acquisition of 100% equity stake in Vizag Mega Data Center Park Limited (VMDCPL) for ₹1,085.51 crore.

The acquisition was initially announced through a share purchase agreement signed on November 5, 2026, with Adani Infra (India) Limited as the seller. Adani Enterprises subsequently informed the stock exchanges on November 8 that the transaction had been completed and that VMDCPL had become a joint venture of the company.

Land and Licences for Infrastructure Development

The acquisition provides AdaniConneX with access to a sizeable land parcel and key licences held by Vizag Mega Data Center Park Limited. These assets are intended to support the development of infrastructure facilities in Visakhapatnam.

VMDCPL was incorporated in February 2026 and had not commenced commercial operations at the time of the original announcement. It also reported nil turnover. The acquisition therefore concerns a development-stage infrastructure company rather than an already operational data centre.

₹1,085.51 Crore All-Cash Transaction

The transaction was valued at ₹1,085.51 crore, with the consideration structured as a cash payment against shares. Adani Enterprises had stated that no governmental or regulatory approvals were required for the acquisition.

The completion of the transaction marks a further step in AdaniConneX's planned infrastructure development in Visakhapatnam.

What It Means for Vizag

The acquisition strengthens AdaniConneX's position to develop data centre-related infrastructure in Visakhapatnam. However, the company has not disclosed the proposed facility's capacity, construction schedule, power requirements, investment beyond the acquisition price or expected commercial launch date in the cited disclosures.

The project's actual development timeline and operational scale will become clearer through future company announcements.