Blackstone-Panchshil to Build India’s Largest 500 MW Hyperscale Data Hub

27 Feb 2025 CW Team

Blackstone Group, the world’s largest alternative asset management firm, in collaboration with its development partner Panchshil Realty, is set to establish India’s largest hyperscale data center in Navi Mumbai. The project, with a capacity of 500 MW, involves an investment exceeding Rs 200 billion.

The data center will be a first-of-its-kind facility in the country, spanning 14 buildings and covering a total area of 3 million square feet. It is expected to operate using up to 65 per cent renewable energy, aligning with sustainability goals in the digital infrastructure sector.

To facilitate the development, Panchshil Realty’s subsidiary, Gramercy Info Park, has acquired nearly 50 acre of land adjacent to Reliance Corporate Park in Navi Mumbai’s Ghansoli area. The acquisition, amounting to Rs 9 billion, includes land consideration, levies, and associated charges. The company secured the entire property within MIDC’s Trans Thane Creek Industrial Area through two separate agreements. The transactions were officially registered on February 11, as documented by real estate data analytics firm Propstack.

This initiative represents a major milestone in foreign direct investment within India’s digital infrastructure sector. It follows Blackstone’s recent agreements with the Maharashtra government at the Davos summit, where the US-based asset manager committed to expanding its presence in India’s real estate and data center markets. The hyperscale data center is expected to strengthen India’s position as a key player in the global digital economy, catering to the increasing demand for advanced cloud and data storage solutions.

News source: Outlook Business

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..