Page 9 - Data Centre

India's data centre market drew over $6.5 bn investment in 10 yrs: Report

Experts believe that artificial intelligence (AI) and the rise of sustainable and edge DCs will drive the next wave of demand in the sector

PFCCL incorporates two special purpose vehicles for transmission systems

Two special purpose vehicles (SPVs) have been incorporated under PFC Consulting Limited (PFCCL) for the development of transmission systems, a BSE filing said on Friday. NES Dharashiv Transmission has been incorporated for the transmission scheme for the development of a network expansion scheme in Maharashtra for evacuation of RE Power from Dharashiv, Beed district, Power Finance Corporation (PFC) said in the filing. NES NAVI Mumbai Transmission is for the transmission scheme of network expansion scheme in Maharashtra for providing supply to Data Centre Loads in Navi Mumbai. PFC Consulting Limited (PFCCL) is a wholly-owned subsidiary of PFC. Maharashtra State Electricity Transmission Company Limited (MSETCL) has placed a Letter of Intent (LoI) dated January 17, 2025, appointing PFCCL as bid process coordinator (BPC) for the purpose of selection of transmission service providers (TSP) to establish the two transmission systems through a tariff-based competitive bidding process. Th

L&T targets 150 MW data centre capacity by 2027, to utilise land banks

At present, L&T has two operational data centres-Mumbai and Chennai-with a combined capacity of 32 MW

India's data centre capacity to grow to 2,000-2,100 MW by March 2027: ICRA

India's data centre (DC) operational capacity is expected to increase to 2,000-2,100 MW by March 2027 from around 1,150 MW as of December 2024, on the back of data usage and data localisation initiatives, according to rating agency Icra. Indian data centre players are projected to invest Rs 2-2.3 lakh crore, with a development pipeline of 3-3.5 GW to be delivered over the next 7-10 years. "Driven by AI requirements, the global DC market has already witnessed multiple large deals (>300 MW) signed by hyperscalers and India is expected to follow the trend. This, coupled with favourable regulatory policies and an infrastructure status for the DC sector will support strong growth prospects in India in the coming decade," Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, Icra said. While cloud, 5G rollout, machine learning and internet of things (IoT) are expected to generate enormous data and storage requirements, GenAI-led high computing requirements present a new .

Uttar Pradesh eyes Rs 70K cr investment in electronics, data centres

The investments will catalyse the 'Make in UP' and 'Brand UP' vision, a senior state government official said

Meta in talks to build $200 billion data centre for AI projects: Report

Meta's decision to invest heavily in data centres is a part of the larger trend where tech giants are announcing huge investments one by one in data centres, particularly to meet the future AI demand

CtrlS Datacenters mulls IPO, eyes over Rs 9,000 crore investment in Chennai

Company scouts for fresh land in Chennai for bigger centre; mulls IPO

Microsoft unveils its first quantum chip: The science behind Majorana 1

Microsoft introduces Majorana 1, its first quantum computing chip, claiming it could accelerate the future of quantum tech. Here's a look at the science behind this breakthrough

Microsoft unveils first quantum computing chip for future data centres

The company says its Majorana 1 chip harnesses 8 qubits, the building blocks of quantum computing, on a sticky-note-sized piece of hardware it figures could eventually host 1 million of them

Data centre boom, GCCs to boost Black Box topline in FY26, says CEO

According to Gartner, global IT spending is projected to reach $5.7 trn in 2025. Of this, IT infrastructure spending is expected to be $600 bn to $750 bn

ChatGPT maker OpenAI's plan to set up India data centre in the works

The data centre is likely to house the data of Indian users as well as some smaller neighbouring countries, a person familiar with the development said

NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre

A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)

Microsoft cloud computing biz to grow slowly amid shortage of data centres

The Azure cloud division will grow at as much 32 per cent in its fiscal third quarter, not much faster than it did during the last three months of 2024

Infor sees 100% growth in India in 2024; to increase headcount by 15-20%

Kevin Samuelson, global CEO, Infor, said that they are also setting up their own data centre in India to resolve data residency issues for some customers

Nvidia, energy stocks: DeepSeek AI triggers market sell-off; time to worry?

The emergence of an almost-as-good AI utility created at much lower cost that also uses much less energy has set the proverbial cat amongst the pigeons.

India's AI push: Reliance to build world's largest data centre in Jamnagar

Reliance Industries, in partnership with Nvidia, plans to build the world's largest AI data centre in Gujarat, marking a milestone in India's AI journey and digital infrastructure growth

STT Global signs MoU with T'gana to set up Rs 3,500 cr data centre campus

STT Global Data Centres India Pvt Ltd signed a Memorandum of Understanding (MoU) with the Telangana government to establish a state-of-the-art data centre campus in the Meerkhanpet, Mucherla region, with an investment of Rs 3,500 crore. The MoU was signed in the presence of Telangana Industries Minister D Sridhar Babu, Bruno Lopez, Group CEO of ST Telemedia Global Data Centres (STT GDC), and other officials at the STT GDC office in Singapore. The upcoming AI-ready data centre campus will feature cutting-edge technologies with a targeted capacity of up to 100 MW, offering ample scalability for future growth. It will be one of the largest data centre projects in the country, according to an official release on Saturday. The project reaffirms STT GDC India's commitment to supporting the country's digital transformation and strengthens Telangana's position as a preferred destination for global technology infrastructure. Welcoming the decision, Chief Minister A Revanth Reddy said, I ...

Black Box enters next growth phase with revamped GTM strategy: Ventura

Muted sales growth in FY24 notwithstanding, Black Box is poised for its next growth phase aided by a growing deal pipeline, revamped go-to-market strategy, and focus on data centres, according to a report by brokerage firm Ventura Securities. Black Box, an Essar Group company, is a digital infrastructure integrator. Its portfolio includes data centre solutions, advanced networking solutions, AI-powered analytics and IoT-enabled devices. "Despite muted sales growth in FY24, primarily due to delays in project execution and decision-making, Black Box is poised for next growth phase," it said, adding that the firm has revamped its strategy by focusing on the top 300 customers and exiting less profitable long-tail customers, as they do not contribute to margin growth. Black Box plans to concentrate on data centres, primarily in North America and India, Ventura said. Data centres constitute about 20 per cent of the company's revenues. With a customer base that includes major hyperscaler

Nvidia corp completes acquisition of Israeli software startup Run:ai

The software - which currently works on only Nvidia-based systems - will be open-sourced, meaning that others will be able to take code & use it to tune computers that use hardware from Nvidia's rival

India's data centre capacity to more than double by FY27: CRISIL Ratings

India's data centre capacity is set to more than double to 2-2.3 GW by 2026-27, led by increasing digitalisation as organisations increase their investments in cloud storage, Crisil Ratings said in a report on Monday. Further, the report stated that rising penetration of Generative Artificial Intelligence (GenAI) will drive the demand over the medium-term. To support the strong demand, the incremental capital expenditure would be supported by a higher proportion of debt funding, which will result in a moderate increase in debt levels, it said. Data centres cater to the computing and storage infrastructure demand as enterprises rapidly shifting their businesses to digital platforms, including cloud, a trend that has accelerated post Covid-19 pandemic, it said. The other major factor is that increased accessibility of high-speed data has led to a surge in internet usage, including social media, over-the-top (OTT) platforms and digital payments, it added. Notably, mobile data traffic