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Yotta Infrastructure may raise Rs 4,000 crore in debt

3 Nov 2022 , 12:18 PM

In order to fund the expansion of its data centre business, Yotta Infrastructure, the Hiranandani Group's data centre business in India, is in discussions to obtain Rs4,000 crore in debt.

With a capacity of 160 MW each, the firm now operates two data centres, one in Greater Noida and the other in Navi Mumbai.

The company is also developing plans to build seven other hyper-scale data centres in cities like Chennai, Kolkata, Pune, Thane, Mumbai, GIFT City, and Dhaka in Bangladesh.

In addition to these, the business is developing a strategy to build Edge data centres in 56 locations by 2027.

Bhubaneshwar, Chandigarh, Coimbatore, Guwahati, Mangalore, Varanasi, and Vishakapatnam are among these cities. The first Edge data centres, which would be smaller in size, will be built in seven cities.

The business has committed to spending Rs39,000 crore to increase the size of its Greater Noida data centre activities.

The government's initiatives, including Digital India, the Personal Data Protection Bill, the fast-expanding cloud computing industry, rising internet usage, and the uptake of new technologies, are projected to raise the demand for data centres (5G, loT, etc).

Yotta D1, the first of the Yotta Greater Noida Data Center Park's six data centre structures, was built for about Rs1,500 crore. It took 20 months from construction to operationalization.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • Data Centres
  • debt
  • Hiranandani
  • Yotta Infrastructure
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