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Digital Edge to invest Rs 1,400 cr for data centre in Maharashtra

Tuesday, 19 Mar 2024
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Digital Edge DC (India), backed by the National Investment and Infrastructure Fund (NIIF), will invest about Rs 1,400 crore in setting up a data centre in Navi Mumbai, Maharashtra with a capacity of 15 MW in the first phase of the project. The company plans to add around 40 MW in the ensuing period of 12 months and scale it up over 300 MW in the next seven to eight years, to be implemented in multiple phases.

The term loan component will be about Rs 850 crore for the first phase, and the rest will be through equity. State Bank of India is the lender to the project. 

Around Rs 165 crore of equity has been infused for the first phase, which is anticipated to start operations in FY26. The remaining equity is likely to be infused according to the capital expenditure plans. 

The government-promoted NIIF will have a 45 percent holding in the data centre. Another sponsor are entities supported by Stonepeak, a global alternative investment firm with USD 61 billion of assets under management (AUM). 

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