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Meta partners with Reliance to launch first AI-enabled data center in India
Meta has partnered with Reliance Industries to lease its first AI-enabled data centre in Jamnagar, Gujarat.
Avaada secures $950 million from global, domestic Banks
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
Avaada Group secures $950 million financing from consortium of global and domestic banks
Avaada Group has achieved financial closure for its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan, calling it India’s largest financing transaction in the FDRE segment. The company has also secured debt financing for two 300 MW solar projects in Rajasthan and Gujarat, taking total debt sanctions across the three projects to nearly $950 million.
Reliance Industries stocks gain over 2% after Meta partnership for AI data centre in Gujarat
Under the agreement, Reliance will build a 168-megawatt data centre in Jamnagar, Gujarat, which Meta will lease for its artificial intelligence and computing requirements