Page 2 - Data Centre

Power Grid to separate telecos, gets nod to foray into data centre biz

Power Grid Corporation of India Ltd is in the process of carving out its telecom vertical to a new fully-owned subsidiary, Powergrid Teleservices Ltd, in a bid to have a "focused approach" and to move up the value chain, senior company officials said. The move by the state-run power transmission major comes close on the heels when the telecom sector is ramping up its 5G service across the country to bring business transformation that can contribute two per cent to the national GDP. The state-owned power transmission major has also got approval from the Central Electricity Regulatory Commission (CERC) to operate data centres. "The telecom division of Powergrid will be transferred to the new subsidiary Powergrid Teleservices after receiving all regulatory approvals to provide greater impetus to the business and move up the value chain by entering into the data centre business. The process for regulatory clearance is in progress," Powergrid executive director (telecom) B Vamsi Rama Moh

Data centres in India attract investment of $10 bn since 2020: Report

Data centres have received investments of USD 10 billion (about Rs 81,247 crore) since 2020 as demand for such facilities has risen amid sharp growth in data consumption, according to property consultant Colliers India. In its report 'Data Centre: Scaling up in Green age', the consultant projected that India's data centre stock is likely to double to about 20 million square feet by 2025 from its current capacity of 10.3 million square feet. India currently has about 770 MW data centre capacity across the top seven cities -- Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata. "The growth of data centres in India is led by massive explosion of data consumption through digitisation, increased cloud adoption, etc, over the last two years. At the same time, data centre operators are enthused by the incentives such as subsidised land, stamp duty exemption, etc provided by several states," the statement said. Mumbai accounts for the largest share of data centres at 49 pe

AWS to return more water to communities than it uses by 2030: CEO

The Amazon company has committed to be water positive by 2030 and so far, AWS-funded replenishment projects have returned nearly 2.4 billion litres of water to communities and the environment

Kotak Mahindra Bank arm to raise up to $1 billion for data centres

The firm did not reveal the fundraising plan, but sources said the lender planned to raise $500 mn-$1 billion

Sebi issues rules for managing technical glitches, cyber security threats

Stock exchanges to put a structure of financial disincentives for non-compliance by brokers

Hiranandani group to raise Rs 3,100 crore via debt for data centre biz

The company will maintain Rs 150 crore in interest service reserve account (ISRA)

Need incentive scheme for data centres, separate economic zones: TRAI

The telecom regulator has also proposed a new data centre readiness survey for states and a new national body for digitisation, sharing and monetisation of data

Trai recommends applying trusted source procurement rule on data centres

Telecom regulator Trai on Friday recommended trusted source procurement rule be applied on data centres to discourage the use of insecure equipment in the network. The Telecom Regulatory Authority of India (Trai) under its recommendation for "Regulatory Framework for Promoting Data Economy Through Establishment of Data Centres, Content Delivery Networks, and Interconnect Exchanges in India" has suggested registration of content delivery networks, which includes entities like Google Cloud CDN, Amazon CloudFront, Azure CDN etc with the Department of Telecom. "The Authority recommends that trusted source procurement applicable for licensees under section 4 of India Telegraph Act 1885, should also be made applicable for DCs (data centres) for security sensitive equipment," Trai said. The trusted source norms bars telecom networks from procuring any equipment from entities that are not notified as trusted sources by the National Cyber Security Coordinator. Trai has recommended the centr

Blackstone launches platform to expand foray in Indian data centre segment

US private equity player Lumina CloudInfra's to add 600 megawatts of critical IT load

AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park

The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy

Adani Group announces opening of data centre 'AdaniConneX' in Chennai

Richest Indian Gautam Adani-led group on Friday announced the opening of its Chennai hyperscale data centre as it looks to capture a share of one of the world's fastest-growing data centre markets. AdaniConneX, a joint venture between Adani Enterprises and EdgeConneX, opened 'Chennai 1' hyperscale data centre campus that is powered by renewable energy, the company said in a statement. "In Phase 1, the campus offers 17 MW (IT Load) that will scale up to 33 MW (IT Load) at full capacity," it said. Data centres are one of the areas that the ports-to-energy Adani group has identified for expansion. Other areas being airports, cement, petrochemicals and copper. The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre. The facility will also be powered with up to 100 per cent renewable energy, offering enterprises and hyperscale customers sustainable energy choices. "As one of the most advanced colocation campuses in the region, 'Chennai 1' is desig

UP to be data centre hub, Rs 20,000-crore investment target met: CM Yogi

Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state has achieved investment target of Rs 20,000 crore in the first year of implementing its data centre policy and assured investors that their investment will remain safe in the state. Speaking at the launch function of Hiranandani Group's data centre facility, Adityanath said Uttar Pradesh is going to become a hub of data centres. He said corporates like Adani, WebWerks, Sify, STT and NTT have also submitted their investment proposals which are under consideration. "UP is going to become a hub of data centre. State government's data centre policy has achieved total targeted investment of Rs 20,000 crore in its first year of commencement. We have received investment proposal from Indian and global data centre investors of over 600 megawatt data centres," the chief minister said. Data centre capacity is measured in terms of power it consumes. Adityanath further said when Uttar Pradesh came up with its policy, the to

Yotta Infra to invest Rs 39,000 cr in UP in 5-7 yr in data centre business

Data centre company Yotta Infrastructure will invest Rs 39,000 crore in Uttar Pradesh over the next 5-7 years, a top official of the company said on Monday. The Hiranandani Group firm has committed investment under a memorandum of agreement signed with the UP government. The investments will go towards constructing the data center campus, procuring IT equipment and other hardware by Yotta and its customers, Yotta Infrastructure, Co-founder and Chairman, Darshan Hiranandani told reporters at the launch event of Yotta D1 data centre. "We will see investment of Rs 39,000 crore in and around this campus. The first building has already been completed... We have started work for two other buildings which will be completed in 12-15 months. We will put up one building every 18 month," Hirandani said. The committed investment includes investment made for Yotta D1. "Each data centre will cost Rs 6,500 crore. The committed investment is for six data centres. We have already started work for

Uttar Pradesh govt bags Rs 16,000-crore deal for data centre projects

The state is planning to set up smaller capacity data centres in the hinterland across the state. The policy will aim to attract private sector investment to attain Rs 30,000 cr in the next five years

PhonePe investing $200 million on building data centres: Official

Walmart-owned payment services provider PhonePe on Thursday said it is investing USD 200 million (around Rs 1,661 crore) on building data centres in the country, a top official said on Thursday. The investments are driven by the regulatory insistence on data localisation, which prevents a financial sector entity from storing its data overseas, and other aspects, company's co-founder and chief technology officer Rahul Chari said. Speaking to reporters after the launch of a data centre facility at Navi Mumbai, Chari said PhonePe will be investing USD 200 million on data centres. He said the company has already invested USD 150 million but did not specify a timeline for investing the remaining USD 50 million. Chari said it is beneficial for a company like PhonePe to invest in captive data centres given the data localisation mandate from the regulators and also because of the ease or flexibility of operations it offers as compared to an operating expenses model. Company's co-founder a

Maharashtra to come out with a policy for data centres in a month: Official

The Maharashtra government will come out with a policy on the data centre business in a month's time, a senior official said on Thursday. The official said the state already has a comprehensive policy governing the information technology sector under which data centres currently operate, but given the very high growth in data centres and the policy lagging behind the industry, a need was felt to have a separate policy exclusively for the data centres business. When asked about the timeline for the launch of such a policy, the official said the industries department under Uday Samant is taking the lead in the formulation of the policy and added that the document will come out in 30 days. Speaking at an event hosted by industry lobby grouping CII, Kaustubh Dhavse, a joint secretary to the government, who also serves as the official on special duty for deputy chief minister Devendra Fadnavis, said such a policy will be very helpful for an orderly growth of the industry. "This governme

Cisco launches India Webex infra, sees permanent shift to hybrid work model

Facility's dedicated data centre will enable Cisco to offer India-specific pricing for its customers, taking down costs by over 50%

Data centre business to double by 2024, demand to help real estate: Reports

Investments in data centres expected to surpass $20 billion by 2025, with smaller cities gaining too

Over 45 new data centres to come up in India by 2025, says report

Plans have been drawn up for over 45 DCs spanning 13 mn sq ft and 1,015 Mw of IT capacity that will come up in India by end-2025

45 data centres spanning around 13 million sq ft to come up by 2025

Over 69% of new IT capacity of 1,015 Mw will come up in Mumbai and Chennai, with 51% in Mumbai alone