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Capitaland India Trust signs MOU to develop data centre in Hyderabad for $210 mil

The data centre will serve hyperscale players and large enterprises in the region.

The manager of Capitaland India Trust (CLINT) has signed a memorandum of understanding (MoU) with the state government of Telangana in India to develop a data centre at CLINT’s International Tech Park Hyderabad (ITPH), located at Madhapur in Hyderabad.

CLINT says it will leverage Capitaland’s data centre expertise to develop the ITPH data centre, which will have a built-up area of approximately 250,000 sq ft and 36 megawatts (MW) of power capacity.

It will serve hyperscale players and large enterprises in the region, and is estimated to entail an investment of approximately INR1,200 Crores ($210 million) to be deployed in the next 3 to 5 years.

The manager added that the data centre will incorporate the latest technologies in cooling and security, as well as a dedicated gas-insulated substation within the site.

CLINT CEO Sanjeev Dasgupta said that this project represents CLINT’s second data centre development project in India, following its acquisition of a greenfield data centre development site in Navi Mumbai in 2021.

Shares of Capitaland India Trust closed at $1.15 on Dec 6, two cents lower or down 1.71% from its previous close.

 

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