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Time of India
2 days ago
- Business
- Time of India
Anant Raj to invest $2 billion on data centre boom
Anant Raj Ltd. plans to spend Rs 180 billion ($2.1 billion) on data centres as it joins a growing list of Indian companies looking to ride the boom in demand for artificial intelligence and business process-led services in the country. The Delhi-based developer with a market value of $2.3 billion will launch two more data centres or server farms in the northern Indian state of Haryana. This is in addition to the one already operational, as it aims for a capacity of little over 300 megawatts by 2032, Amit Sarin, managing director at Anant Raj said. For context, India's data centre capacity is poised to grow by 77% to 1.8 gigawatts in the next four years, according to a 2025 report by property consultant JLL. 'India is witnessing one of the fastest growth phases globally for data centres,' said Sarin in an interview, adding that the project will be funded through the company's own funds. Anant Raj's move follows ambitious plans by India's top business houses Adani Group and Reliance Industries Ltd. to expand their footprint. The trend is underscored by Barclays Plc's view that the South Asian nation will be a big beneficiary of the data centre investment boom in Asia, driven by digitalization and rules requiring data to be stored within the country. Smaller firms are not far behind. Bengaluru-based RMZ Corp. is spending $1.7 billion on two data centres and Panchshil Realty is considering partnering with Blackstone Inc. to build a large data centre in Mumbai. Data centres are expected to make up more than 40% of Anant Raj's revenues in the next four years from 5% at present, Sarin said. The company tied up with the French IT company Orange Business to provide cloud services to its clients along with data centres last year. 'India currently generates 28% of the world's data but houses only 1% of it locally, presenting a significant opportunity for expansion as data localization becomes inevitable,' Sarin said.
Time of India
2 days ago
- Business
- Time of India
Delhi developer to invest $2 billion on India data centre boom
Anant Raj Ltd. plans to spend Rs 180 billion ($2.1 billion) on data centres as it joins a growing list of Indian companies looking to ride the boom in demand for artificial intelligence and business process-led services in the country. The Delhi-based developer with a market value of $2.3 billion will launch two more data centres or server farms in the northern Indian state of Haryana. This is in addition to the one already operational, as it aims for a capacity of little over 300 megawatts by 2032, Amit Sarin, managing director at Anant Raj said. For context, India's data centre capacity is poised to grow by 77% to 1.8 gigawatts in the next four years, according to a 2025 report by property consultant JLL. 'India is witnessing one of the fastest growth phases globally for data centres,' said Sarin in an interview, adding that the project will be funded through the company's own funds. Anant Raj's move follows ambitious plans by India's top business houses Adani Group and Reliance Industries Ltd. to expand their footprint. The trend is underscored by Barclays Plc's view that the South Asian nation will be a big beneficiary of the data centre investment boom in Asia, driven by digitalization and rules requiring data to be stored within the country. Smaller firms are not far behind. Bengaluru-based RMZ Corp. is spending $1.7 billion on two data centres and Panchshil Realty is considering partnering with Blackstone Inc. to build a large data centre in Mumbai. Data centres are expected to make up more than 40% of Anant Raj's revenues in the next four years from 5% at present, Sarin said. The company tied up with the French IT company Orange Business to provide cloud services to its clients along with data centres last year. 'India currently generates 28% of the world's data but houses only 1% of it locally, presenting a significant opportunity for expansion as data localization becomes inevitable,' Sarin said.
Mint
3 days ago
- Business
- Mint
India's data centre boom: Delhi developer Anant Raj to invest $2 billion to expand Haryana facilities. Details here
Anant Raj Ltd, a Delhi-based developer, plans to spend $2.1 billion on data centres, joining a growing list of Indian companies looking to ride the boom in demand for artificial intelligence and business process-led services in the country. The company tied up with the French IT major Orange Business to provide cloud services to its clients along with data centres last year, Bloomberg reported. Anand Raj, with a market value of $2.3 billion, will launch two new data centres or server farms in Haryana, in addition to the one already operating. The company targets a total capacity of 300 megawatts by 2032 with the new investment, Amit Sarin, managing director at Anant Raj said. According to Sarin, data centres are expected to account for more than 40 per cent of Anant Raj's revenues within the next four years, a significant leap from the current 5 per cent. The expansion aligns with India's vision of data centre growth. A 2025 report by property consultant JLL. indicates that India's data centre capacity is poised to grow by 77 per cent to 1.8 gigawatts in the next four years. Sarin also told Bloomberg that 'India is witnessing one of the fastest growth phases globally for data centres,' adding that the project will be funded through internal accruals. Anant Raj's move follows similar ambitious plans by India's top business houses, Adani Group and Reliance Industries, to expand their footprint. This trend is reinforced by Barclays Plc's assessment that India will be a big beneficiary of the data centre investment boom in Asia, driven by digitalisation and rules requiring data to be stored within the country. Smaller firms are also actively entering the trend. Bengaluru-based RMZ Corp is spending $1.7 billion on two data centres and Panchshil Realty is considering partnering with Blackstone Inc to build a large data centre in Mumbai, the news agency reported. 'India currently generates 28 per cent of the world's data but houses only 1 per cent of it locally, presenting a significant opportunity for expansion as data localisation becomes inevitable,' Sarin said.
Economic Times
3 days ago
- Business
- Economic Times
Delhi developer to invest $2 billion on India data centre boom
Anant Raj Ltd. plans to spend Rs 180 billion ($2.1 billion) on data centres as it joins a growing list of Indian companies looking to ride the boom in demand for artificial intelligence and business process-led services in the country. The Delhi-based developer with a market value of $2.3 billion will launch two more data centres or server farms in the northern Indian state of Haryana. This is in addition to the one already operational, as it aims for a capacity of little over 300 megawatts by 2032, Amit Sarin, managing director at Anant Raj said. For context, India's data centre capacity is poised to grow by 77% to 1.8 gigawatts in the next four years, according to a 2025 report by property consultant JLL. 'India is witnessing one of the fastest growth phases globally for data centres,' said Sarin in an interview, adding that the project will be funded through the company's own funds. Anant Raj's move follows ambitious plans by India's top business houses Adani Group and Reliance Industries Ltd. to expand their footprint. The trend is underscored by Barclays Plc's view that the South Asian nation will be a big beneficiary of the data centre investment boom in Asia, driven by digitalization and rules requiring data to be stored within the country. Smaller firms are not far behind. Bengaluru-based RMZ Corp. is spending $1.7 billion on two data centres and Panchshil Realty is considering partnering with Blackstone Inc. to build a large data centre in centres are expected to make up more than 40% of Anant Raj's revenues in the next four years from 5% at present, Sarin said. The company tied up with the French IT company Orange Business to provide cloud services to its clients along with data centres last year. 'India currently generates 28% of the world's data but houses only 1% of it locally, presenting a significant opportunity for expansion as data localization becomes inevitable,' Sarin said.
Business Upturn
3 days ago
- Business
- Business Upturn
Anant Raj shares in focus as company plans to invest $2.1 billion on data centers
Shares of Anant Raj are in focus after the company announced a massive $2.1 billion investment plan to develop data centers in India, as reported by Bloomberg. As of 1:04 PM, the shares were trading 1.61% higher at Rs 562.90. As per a Bloomberg report, the Delhi-based real estate developer aims to tap into the surging demand for artificial intelligence and business-process-driven digital services. With a current market capitalization of about $2.3 billion, Anant Raj plans to build two new data centers in Haryana, adding to its already operational facility. The company is targeting a total capacity of just over 300 megawatts by 2032, according to Managing Director Amit Sarin. This strategic move aligns with India's broader digital infrastructure growth. As per a 2025 report by property consultant JLL, the country's total data center capacity is projected to jump 77% to 1.8 gigawatts over the next four years. Anant Raj joins major Indian conglomerates like Reliance Industries and the Adani Group in expanding their data center footprints. Barclays Plc recently highlighted that India stands to be a key beneficiary of Asia's data center investment boom, driven by digitalization and stricter data localization norms. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
