Adani Energy Solutions claims funds for Noida data centre power licence

GreyOak summary

Adani Energy Solutions Step-Eleven stated its parent has sufficient funds to support a power licence for a proposed ₹211 crore data centre in Noida. The company cited an adjusted net worth of ₹15,155.80 crore and a ₹2,000 crore solvency certificate from Axis Bank. A consumer body questioned the evidence of investment arrangement, requesting independent verification before granting the licence.