NxtGen to invest Rs 1,300 crore in data centres in India
Technology

NxtGen to invest Rs 1,300 crore in data centres in India

NxtGen Datacenter and Cloud Technologies is planning to invest Rs 1,300 crore for establishing approximately 10 additional data centers along with 236 edge centers in India.

The company’s investors include Intel, Iron Mountain, and IFC. It is now raising $100 million by the first quarter (Q1) FY 22-23. The Cloud storage and computing segment player is operating four data centers in Metro cities like Mumbai, Delhi, Bengaluru, and Ahme­dabad. It further plans to have data centers in Hyder­abad, Visakhapatnam, and Chennai.

NxtGen Datacenter and Cloud Technologies CEO and managing director, A S Rajgopal said for the additional 10 more data centers the company will invest around Rs 500 crore. For complementing these additional 236 edge data centers are in the planning process that may require an investment of about Rs 800 crore.

For the funding of the expansion plans, NxtGen is in discussions with investors to raise about $100 million. Rajgopal added that the company wants to fund around Rs 600 crore via equity. If they are committed to the Environment, Social, and Governance (ESG) thought process, a lot of them will be willing to invest in data centers.

Regarding the government’s initiative for establishing infrastructure status for data centers and along with a specialised policy, he added that it would be helpful for industry players in receiving long-term loans in comparison with the current seven-year term loans.

Image Source

Also read: RailTel looks for data centre partners in rural and semi-urban areas

NxtGen Datacenter and Cloud Technologies is planning to invest Rs 1,300 crore for establishing approximately 10 additional data centers along with 236 edge centers in India. The company’s investors include Intel, Iron Mountain, and IFC. It is now raising $100 million by the first quarter (Q1) FY 22-23. The Cloud storage and computing segment player is operating four data centers in Metro cities like Mumbai, Delhi, Bengaluru, and Ahme­dabad. It further plans to have data centers in Hyder­abad, Visakhapatnam, and Chennai. NxtGen Datacenter and Cloud Technologies CEO and managing director, A S Rajgopal said for the additional 10 more data centers the company will invest around Rs 500 crore. For complementing these additional 236 edge data centers are in the planning process that may require an investment of about Rs 800 crore. For the funding of the expansion plans, NxtGen is in discussions with investors to raise about $100 million. Rajgopal added that the company wants to fund around Rs 600 crore via equity. If they are committed to the Environment, Social, and Governance (ESG) thought process, a lot of them will be willing to invest in data centers. Regarding the government’s initiative for establishing infrastructure status for data centers and along with a specialised policy, he added that it would be helpful for industry players in receiving long-term loans in comparison with the current seven-year term loans. Image Source Also read: RailTel looks for data centre partners in rural and semi-urban areas

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?