Yotta to raise Rs 40 billion to expand its data centre business

In order to fund the expansion of its data centre business, Yotta Infrastructure, the Hiranandani Group's data centre business in India, is in discussions to raise Rs 40 billion in debt. With a capacity of 160 MW each, the company currently operates two data centres, one in Greater Noida and the other in Navi Mumbai. The company is also developing plans to build seven additional hyperscale data centres in cities like Chennai, Kolkata, Pune, Thane, Mumbai, GIFT City, and Dhaka in Bangladesh. In addition to these, the business is developing a plan to build Edge data centres in 56 cities by 2027. Bhubaneshwar, Chandigarh, Coimbatore, Guwahati, Mangalore, Varanasi, and Vishakapatnam are some of these cities. Also read: Hiranandani’s Yotta Infra to invest Rs 390 bn in Noida Adani Group lines up $150 bn investment across businesses