AdaniConneX, a company owned by Adani Enterprises, is constructing an Integrated Data Center and Technology Business Park in Madhurawada, Vizag with the goal of boosting the local technology ecosystem. According to the company, the facility will include a data center, technology and business park, as well as a skill development center.
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It will be the first of three planned technology zones in Vizag and will be one of India’s largest hyperscale parks. The facility is expected to create new opportunities for growth in the region, connecting Vizag to the APAC IT ecosystem.
On May 3, 2023, the shares of Adani Enterprises, the flagship company of the Gautam Adani-led conglomerate, dropped by 6.98% to a day low of Rs 1,786.10 from its previous close of Rs 1,920.05.
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