logo
#

Latest news with #TILCreativesRealty

Anant Raj Ltd targets Rs 1,200 crore revenue from data center and cloud services business by FY27
Anant Raj Ltd targets Rs 1,200 crore revenue from data center and cloud services business by FY27

Economic Times

time5 days ago

  • Business
  • Economic Times

Anant Raj Ltd targets Rs 1,200 crore revenue from data center and cloud services business by FY27

Synopsis Anant Raj Ltd anticipates its data center and cloud services revenue to reach Rs 1,200 crore by FY27 and Rs 9,000 crore by FY32. The company is expanding its IT load capacity to 28 MW with new facilities in Manesar and Panchkula, aiming for 63 MW by FY27 and 307 MW by FY32. TIL Creatives Realty developer Anant Raj Ltd said that revenue from its data center and cloud services business will grow to approximately Rs 1,200 crore by FY27 and scale up to nearly Rs 9,000 crore by FY32. The company is operationalizing an additional 22 MW of IT load capacity at its data center campuses in Manesar and Panchkula, Haryana—taking the company's total data center capacity to 28 MW including cloud services. The firm aims to reach 63 MW IT load capacity by FY27, and a massive 307 MW by FY32 across three key locations—Panchkula, Manesar, and Rai.'The operationalization of the new Data Center facility campus at Panchkula and expansion of capacity at Manesar, has marked a key milestone in our long-term growth strategy in data center and cloud services business,' said Amit Sarin, Managing Director, Anant Raj has emerged as a key enabler in India's digital infrastructure landscape, offering a progressive and industry-friendly environment for data center development. Through policy initiatives like the Haryana State Data Centre Policy, the government has laid a strong foundation for attracting investments by offering benefits such as subsidized power, single-window clearances, and incentives for green infrastructure. As India experiences a surge in digital services, cloud computing, and AI-driven workloads, the company believes that Sovereign, high-performance data infrastructure will become increasingly crucial.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store