NewsStocksFour Major Indian Companies Announce Data Centre Investments Worth Up to ₹98,000 CroresFour Major Indian Companies Announce Data Centre Investments Worth Up to ₹98,000 Crores
Four major Indian companies are investing up to ₹98,000 crores in data centre infrastructure as India's sector capacity grows from 1.20 GW to a projected 2.00 GW by 2028. Reliance Industries leads with ₹98,000 crores through Digital Connexion for 1 GW AI-native capacity, while TCS commits ₹18,000 crores for GW-scale development under HyperVault platform. L&T plans ₹3,600 crores to expand from 32 MW to 150 MW capacity across three facilities, and Adani Enterprises targets 1 GW development including a ₹50,000 crore Maharashtra project, positioning India as Asia's third-largest data centre hub.
*this image is generated using AI for illustrative purposes only.
India's data centre sector is witnessing explosive growth, with four major listed companies announcing investment plans totaling up to ₹98,000 crores to capitalize on the country's digital infrastructure boom. The sector's capacity has reached 1.20 GW in 2025 and is projected to surge to 2.00 GW by 2028, representing a 10-fold increase from 2019 levels. This expansion is fueled by digital transformation, 5G rollout, cloud adoption, and rising artificial intelligence demands across the country.
Market Overview and Growth Trajectory
India's data centre market is expanding at a robust 25% compound annual growth rate (CAGR), positioning the country as Asia's third-largest hub after China and Japan. The sector now spans over 30 facilities across major cities, with hyperscale expansions adding approximately 500 MW capacity annually. Power requirements alone could exceed 10 GW soon, driving substantial infrastructure investments to meet growing AI and streaming service demands.
| Market Metrics | Current Status | Projected (2028) |
|---|---|---|
| Total Capacity | 1.20 GW | 2.00 GW |
| Annual Capacity Addition | 500 MW | Continuing |
| Colocation Revenue | Growing | $5+ billion by 2026 |
| Market Growth Rate | 25% CAGR | Sustained |
Major Investment Commitments
Reliance Industries Limited
Reliance Industries, with a market capitalization of ₹19,12,870 crores, is spearheading the largest investment initiative through Digital Connexion. This venture, backed by Reliance, Brookfield, and Digital Realty, plans to invest $11 billion (₹98,000 crores) by 2030 to develop 1 GW AI-native data centre capacity. The hyperscale facilities will span 400 acres in Visakhapatnam, positioning Andhra Pradesh as a major digital infrastructure hub.
Additionally, Reliance chairman Mukesh Ambani announced a ₹7 lakh crore investment plan in Gujarat, which includes AI-ready data centres and India's largest AI data centre in Jamnagar. The company's shares closed at ₹1,413.00 per share, down 3.04% from the previous session.
Tata Consultancy Services
TCS, India's largest IT services company with a market capitalization of ₹11,44,401 crores, is accelerating data centre expansion under its HyperVault AI infrastructure platform. The company plans to develop over 1 GW of AI-ready capacity in India, committing up to ₹18,000 crores toward GW-scale data centre build-out through a secured $1 billion investment partnership. TCS shares closed at ₹3,163.00, declining 1.36% from the previous closing price.
Larsen & Toubro
The diversified engineering major, with a market capitalization of ₹5,32,061 crores, plans to invest ₹3,600 crores to establish three new data centres in Bengaluru, Panvel, and Mahape. This expansion will increase L&T's capacity nearly five-fold from 32 MW to 150 MW by 2027, with setup costs estimated at ₹35-40 crores per MW. The company's shares gained 0.30% to close at ₹3,867.00 per share.
| L&T Expansion Details | Specifications |
|---|---|
| Investment Amount | ₹3,600 crores |
| Current Capacity | 32 MW |
| Target Capacity (2027) | 150 MW |
| Setup Cost per MW | ₹35-40 crores |
| Locations | Bengaluru, Panvel, Mahape |
Adani Enterprises Limited
Adani Enterprises, with a market capitalization of ₹2,46,746 crores, is developing data centre infrastructure through its AdaniConneX joint venture with EdgeConneX. The platform targets building 1 GW data centre capacity by 2030, leveraging EdgeConneX's experience across 70+ facilities in 53 data centres globally.
The company has signed an MoU with the Maharashtra Government to develop 1 GW hyperscale data centre infrastructure with a ₹50,000 crore investment over 10 years. These facilities, planned in Mumbai/Navi Mumbai and Pune, will operate on renewable energy and are expected to create approximately 20,000 jobs. Adani Enterprises shares closed at ₹2,137.00, down 0.90% from the previous session.
Industry Infrastructure and Standards
The data centre sector maintains Tier-3/4 standards ensuring 99.99% uptime reliability, while sustainability initiatives target 50% renewable energy usage. Despite challenges including land scarcity and grid infrastructure constraints, the industry continues robust expansion to meet escalating demand from cloud services, artificial intelligence applications, and digital transformation initiatives across various sectors.
These substantial investments by major Indian corporations underscore the strategic importance of data centre infrastructure in supporting the country's digital economy growth and positioning India as a leading data hub in the Asian market.
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