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News on Medial
India’s data centre capacity to nearly double by 2027, says ICRA
YourStory
·
4m ago
Medial
India's data centre capacity is projected to nearly double, reaching 2,000-2,100 MW by March 2027, driven by increased data usage. Significant investments of Rs 2 lakh-2.3 lakh crore are planned, with new developments primarily in Mumbai, Chennai, and Hyderabad. Hyperscalers influence co-location services, leading to rental moderation as competition rises. The expansion is supported by AI, cloud, and 5G demands, although developers face longer payback periods and impacted returns due to increased competition.
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Govt readying plan to ensure AI, data centres get enough power
YourStory
·
8m ago
Medial
India's government aims to strengthen the country's digital ecosystem by focusing on data centres and AI compute facilities. The Ministry of Electronics and Information Technology (MeitY) is looking to make the infrastructure more resilient and ensure sufficient power supply for data centres and AI applications. India's data centre operational capacity is projected to reach 2000-2100 MW by 2027, according to ICRA. The ministry is also exploring the possibility of incentivizing green power for these facilities. Globally, tech giants like Google, Microsoft, and Amazon are securing contracts for nuclear power supply to meet the growing power demands of data centres.
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India’s data centre capacity to more than double by fiscal 2027: Crisil report
Livemint
·
7m ago
Medial
India's data centre industry is expected to double in capacity to 2-2.3 GW by 2027 due to increased digitalization and investments in cloud storage. The rising use of Generative Artificial Intelligence (GenAI) is also driving demand for data centres. The sector is expected to see healthy and stable cash flows, attracting investments triggered by data localization plans and state incentives. With the shift to digital platforms and increased internet usage, data centres are crucial for computing and storage infrastructure. Investment of ₹55,000-65,000 crore is needed to meet growing demand over the next three years.
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India's data centre capacity to double to 2,000 MW by 2026
Economic Times
·
1y ago
Medial
India's data centre capacity is projected to double to 2,000 MW by 2026. This growth is fueled by the country's shift towards becoming a developed market economy and an increase in 'green energy' solutions. The data centre industry is expected to experience a revenue growth of 32% between FY24 and FY26. Despite India generating about 20% of global data, its data centre capacity currently only accounts for 3%. However, the wave of digitization and the expansion of e-commerce, fintech platforms, online streaming, and gaming services in India are expected to drive a robust demand for data centres.
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Mint Primer: Can India turn into a global hub for data centres? | Mint
Livemint
·
7m ago
Medial
India’s data centre capacity is poised for significant growth, potentially more than doubling to 2-2.3GW by FY27, fueled by increasing digitalization, data localization regulations, AI uptake, and 5G adoption. With about 150 data centres, major players like AWS, Microsoft, and Google are expanding, but India only holds 3% of global capacity despite hosting 20% of global data. Key cities like Mumbai dominate capacity, though smaller cities offer cost advantages and growing infrastructure.
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Europe set to see record data centre capacity roll-out in 2025
Economic Times
·
5m ago
Medial
Europe is set for a record increase in data centre capacity by 2025, driven by AI and cloud computing growth. CBRE Group research indicates a 43% rise, reaching 937 megawatts, surpassing 2024's capacity. Factors such as available power, land, and government incentives fuel this expansion, especially in cities like Milan, London, and Frankfurt. Over half of the new capacity is expected in leading markets, with secondary markets also showing double-digit growth.
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STT GDC to invest $3.2 billion in India to expand data centre capacity
Economic Times
·
11m ago
Medial
ST Telemedia Global Data Centres (STT GDC) has announced an investment of $3.2 billion to expand its data centre capacity in India. The investment will increase the company's IT load capacity by 550 megawatts over the next five to six years, nearly tripling its current capacity. STT GDC India currently has 28 data centres across 10 cities and serves about 1,000 enterprise customers. The investment aims to meet the growing demands of India's digital economy, driven by increased data consumption, cloud computing, and digital transformation. STT GDC holds a 28% market share by revenue in India.
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Data centre industry wary of proposed certification scheme - The Economic Times
Economic Times
·
2d ago
Medial
India's data centre industry is concerned about the government's proposed certification scheme, arguing it could create unnecessary compliance burdens and doesn't align with international standards. Nasscom suggests focusing on leveraging existing global certifications and addressing specific local needs. While some believe central policies could streamline state regulations, industry leaders warn against a uniform approach that fails to acknowledge the sector's diversity. The industry anticipates significant growth, aiming for a capacity surge by 2027.
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'Not Exiting Sterling & Wilson', promoter says as stock crashes
Livemint
·
10m ago
Medial
- Sterling and Wilson Renewable Energy (SWRE) chairman Khurshed Daruvala clarified that his family is not exiting the company and the recent stake sale was to settle debt and fund an investment in Sterling & Wilson Data Centre. - The stake sale by Daruvala and Shapoorji Pallonji and Company Pvt. Ltd (SPCPL) caused a drop in SWRE's shares by nearly 8%. - Daruvala and his wife collectively own about 5.7% stake in SWRE, making it their largest family investment. - The stake sale was to fund an investment in Sterling & Wilson Data Centre, a company that acquired the data centre EPC business from Sterling and Wilson in a slump sale. - The sale of the data centre business by Sterling and Wilson (S&W) helped settle its debts and put an end to its debt crisis. - SWRE, which raised capital through stake sale to Reliance Industries and a qualified institutional placement, is expected to benefit from the government's focus on renewable energy and RIL's solar ambitions.
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JSW Cement promises expansion spree to double capacity but says no to buyouts
Livemint
·
4d ago
Medial
JSW Cement plans to double its production capacity to 42 million tonnes within four years by using IPO proceeds and group synergies, according to managing director Parth Jindal. The company aims to leverage access to slag from JSW Steel to produce cost-effective GGBS cement. This expansion targets a greater presence in central and northern India, with the goal of increasing its market share from the current 3% to 10% in India’s competitive cement industry.
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India's data centre market to grow 21% to reach 3,400 MW by 2030
Economic Times
·
6m ago
Medial
India's data centre market is rapidly expanding, projected to grow at a CAGR of 21% to reach 3,400 MW IT capacity by 2030. The growth, driven by cloud computing, big data, IoT, AI, and digital transformation, saw 407 MW IT capacity absorbed in 2024, with 191 MW added. Major cities like Mumbai, Hyderabad, and Pune lead market absorption and land acquisitions for data centre expansion. Increasing 5G penetration also boosts demand for edge data centres in Tier-II and Tier-III cities.
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