L&T Cloudfiniti, the data center business of the wider L&T conglomerate, is reportedly planning to invest as much as Rs 3,600 crores (~US$ 415 million) in India to build three new data centers. Indian business news website MoneyControl.com reports that two facilities will come up in Panvel and Mahape near Mumbai, and one more will be built in Bengaluru.
The publication quoted L&T Cloudfinity CEO Seema Ambastha as saying, “Currently it takes around Rs 35 – 40 crore per MW to set up a new data centre in India and we plan to increase our capacity from the current 32 MW to 150 MW by 2027.”
At present, L&T has two data centers in India, one in Mumbai and one in Chennai, totalling to 32 MW. It provides end-to-end Data Center, Multi-Cloud services, Cloud Managed services, Network & Security Services and Application Integration services with single point responsibility.
India’s data center capacity is already at 1 GW, and several research organizations and market watchers predict that this could double or even triple in the next five to ten years. For example, Savills, a global real estate advisory firm, has found that the country’s data center capacity would grow at a Compounded Average Growth Rate (CAGR) of 21 percent, and to go up to as much as 3400 MW or 3.4 GW by 2030. Savills also finds that in 2025, the market is likely to see some 600 MW of capacity addition and absorption of 450 MW.
