Adani Power sells data-centre subsidiary to AdaniConnex for ₹535.69 crore
What's the deal? Adani PowerDealroom has a profile for this one. Try Dealroom → has sold its entire stake in wholly-owned subsidiary Chandenvalle Infra Park (CIPL)Dealroom has a profile for this one. Try Dealroom → to AdaniConnexDealroom has a profile for this one. Try Dealroom → for ₹535.69 crore, subject to adjustments. The company signed and closed the share purchase agreement on August 27, 2026. CIPL will no longer be a subsidiary of Adani Power.
What each side brings: CIPL holds land parcels within Chandenvalley Industrial Park in Telangana, along with the necessary land approvals, but has not yet begun commercial operations. The buyer, AdaniConnex, is a 50:50 joint venture between Adani EnterprisesDealroom has a profile for this one. Try Dealroom → and EdgeConneX.
Why now? Adani Power framed the sale as a way to streamline its operations and portfolio, shedding a pre-revenue land holding. The undeveloped parcels fit AdaniConnex, which builds and operates data centres.
The related-party angle: The promoters of Adani Enterprises and Adani Power are the same. The company said the transaction was conducted on an arm's length basis to ensure fairness and independence.
The signal: The deal moves an industrial land asset from Adani's power arm to its data-centre venture, aligning holdings with each unit's core business. For a group building out digital infrastructure, capturing approved land inside a Telangana industrial park positions AdaniConnex for future capacity — while letting Adani Power focus on generation.
Read more: investywise.com
Image credit: NeoSpire
