Adani Enterprises, the flagship of billionaire Gautam Adani, is planning to invest approximately $1.5 billion in its nascent data centre industry over the next three years as growth becomes a priority again.

This comes after months of damage management due to an attack by a short seller.  

Jugeshinder Singh, chief financial officer of Adani Enterprises, told analysts in a late-Wednesday filing that the company's yearly capital expenditure on its data centre business, AdaniConnex Pvt., a joint venture with the international data centre provider EdgeConnex Inc., is anticipated to be roughly $500 million this year as well as the next two years.

The company is planning to build nine data centers and targeting a total capacity of 1 gigawatt by 2030.

This will provide infrastructure for the booming digital services demand in the nation of 1.4 billion people that’s already luring the biggest global firms such as Amazon.com Inc and Google.