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UP CM lays foundation of CEL-ESDS green data centre entailing Rs 1,000 crore investment - The Economic Times
Economic Times
·
1m ago
Medial
Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation of the CEL-ESDS Green Data Centre, a first-of-its-kind initiative in India, with a 30 MW capacity. Located in Sahibabad, it involves a Rs 1,000 crore investment by Centre of Electronics and ESDS. The data centre aims for Tier 3 compliance, ensuring minimal downtime. The project represents a significant collaboration with the private sector, reflecting CEL’s potential for contributing to a developed India.
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UP will generate 20,000 MW of renewable energy by 2027: CM Adityanath
Economic Times
·
1m ago
Medial
Uttar Pradesh, led by Chief Minister Yogi Adityanath, plans to generate 20,000 megawatts of renewable energy by 2027. This initiative supports Prime Minister Narendra Modi's net-zero emissions target by 2070. Adityanath underscored the role of Central Electronics Limited (CEL) in this energy transition. CEL is developing a greenfield data centre and has signed a MoU for 200 megawatts of solar modules, showcasing its growth and contribution to India's industrial resurgence.
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Haryana CM Manohar Lal Khattar lays stone for Flipkart's supply centre in Manesar
IndianStartupNews
·
1y ago
Medial
Homegrown ecommerce platform Flipkart has announced the establishment of a supply chain centre in Manesar, Haryana. Spread across 140 acres, the centre is expected to create over 10,000 direct and indirect jobs and will employ automation and retrieval systems for modern warehousing. In addition, Flipkart has opened a new grocery fulfillment centre in Sonipat, expanding its network in Haryana and generating nearly 2,000 jobs. The company aims to accelerate progress in India's e-commerce landscape and contribute to socio-economic development in the region.
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GEF spins money in pre-IPO partial exit as ESDS revives listing plan
VCCircle
·
8m ago
Medial
Private equity firm GEF Capital Partners has partially exited its investment in ESDS Software Solution Ltd, a data centre and cloud services provider. ESDS Software Solution Ltd recently announced its plan to go public after a three-year hiatus. GEF Capital Partners is currently in the process of raising funds for a new India-focused venture.
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Odisha CM lays foundation stone for JSW Group's Rs 65,000 crore steel facility
Money Control
·
1y ago
Medial
Odisha Chief Minister Naveen Patnaik has laid the foundation stone for JSW Group's steel project in Odisha, with an estimated investment of Rs 65,000 crore ($8.8 billion). The project, set to be located at Dhinkia Nuagaon and Gadakujanga, will have an annual steel manufacturing capacity of 13.2 million tonnes, along with a cement manufacturing unit and a modern township. JSW Steel expects the project to generate approximately 30,000 direct and indirect jobs and drive economic growth in the region.
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Tamil Nadu CM MK Stalin lays foundation for 28 projects worth Rs 51,157 crore
Economic Times
·
11m ago
Medial
Tamil Nadu Chief Minister MK Stalin inaugurated 19 projects worth Rs 17,616 crore and laid the foundation for 28 industrial projects totaling Rs 51,157 crore. The projects span various sectors and are expected to create employment opportunities for around 100,000 people. Tamil Nadu aims to become a trillion-dollar economy by 2030 and has attracted significant investments, with the state government encouraging further business collaborations. Notable investments include a green hydrogen and ammonia manufacturing unit, pumped storage projects, and the establishment of a hydrogen innovation center by Hyundai Motor India in partnership with IIT Madras.
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GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on Wednesday - The Economic Times
Economic Times
·
16d ago
Medial
Karnataka CM Siddaramaiah plans to meet stakeholders over GST notices issued to small traders based on UPI data, demanding tax arrears. The notices have sparked protests and rejection of digital payments. Siddaramaiah blames the Centre for the crisis, while BJP offers legal aid. The GST data, covering 2021-2025, has led to many rejecting QR codes. A three-day state-wide protest is planned, highlighting the impact on small businesses and vendors.
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Gujarat CM lays foundation For CtrlS' GIFT city datacenter
IndianStartupNews
·
1y ago
Medial
CtrlS Datacenters has begun construction on its new datacenter facility in GIFT City, Gujarat, with an investment of over Rs 250 crore. The project is expected to create 1,000 jobs directly and indirectly. The datacenter will serve the digital needs of various industries, particularly the BFSI sector, in Gujarat. CtrlS Datacenters plans to enhance the digital infrastructure in the state and expand its managed services. The company has also announced a $2 billion investment plan and is exploring new markets in Southeast Asia and the Middle East.
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ESDS Software Solution files draft papers with Sebi for Rs 600 crore IPO
Economic Times
·
4m ago
Medial
ESDS Software Solution, a cloud infrastructure and data centre services provider, has filed draft papers for a Rs 600 crore initial public offering (IPO) with SEBI. This IPO involves only a fresh issue with no offer-for-sale component. The company plans to utilize Rs 480.7 crore of the proceeds for purchasing and installing cloud computing equipment and other infrastructure. The offering includes cloud and managed services, enabling cost-effective, secure, and scalable cloud adoption strategies for its clients.
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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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RackBank to build 80MW AI data centre for Rs 1,000 crore in Raipur
Economic Times
·
3m ago
Medial
RackBank has inaugurated a new AI data centre in Raipur with an initial Rs 1,000 crore investment, scalable up to Rs 3,000 crore over five years. The facility spans 13.5 acres and can house 1 lakh GPUs, employing up to 500 people eventually. The data centre will utilize advanced cooling technology to optimize power usage, supporting Nvidia's roadmap. It aims to foster AI innovation and collaboration, leveraging India's GPU compute capacity for cost-effective services.
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