Three international investment and technology companies: Blackstone Group, Tillman Global Holdings, and Ursa Clusters, have shown interest in building data centers in the southern Indian state of Telangana. They all signed Memorandums of Understanding (MoU) collectively worth nearly Rs 25,000 crores with the state government at the recently concluded World Economic Forum (WEF) at Davos.
Blackstone Lumina (Data Centre arm of Blackstone) along with JCK Infra plans to invest Rs 4,500 crores to develop a 150 MW data center facility in the state. The facility will be able to support Artificial Intelligence (AI) based applications, cloud services and large-scale data processing to cater to hyperscale clients. Readers would recall that Blackstone has also signed MoUs to invest US$ 6 billion to build data centers in Mumbai.
The second entity to show interest in building data centers in Telangana is Tilman Global Holdings, a US-based holding company focused on creating, operating and investing in telecommunications and energy infrastructure. It has signed an MoU indicating plans to invest Rs 15,000 crores in a 300 MW hyperscale data center facility in the state. This facility will also support AI workloads, and will feature advanced cooling technologies and energy efficient systems.
Ursa Clusters, a US-based data center company us the third entity to sign an MoU with the Telangana government. It plans to invest Rs.5,000 crore to build a 100 MW AI data center hub in Hyderabad. The facility will reportedly utilize hybrid AI chips to foster an ecosystem for start-ups and enterprises.
While Mumbai and Chennai remain the top two data center markets in India, Hyderabad has emerged as an important data center hub attracting investments from some of the most prominent domestic as well as global players. At Davos itself, CtrlS Datacenters signed an MoU with the Government of Telangana to build a cluster of AI-ready data centers with a proposed investment of over Rs 10,000 crores.
According to Mordor Intelligence, “The Hyderabad Data Center Market size in terms of installed base is expected to grow from 65.50 megawatt in 2025 to 196.76 megawatt by 2031, at a CAGR of 20.12% during the forecast period (2025-2031).”