Techno Electric to invest $1 billion in data centres, eyes 250 MW capacity by 2030
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Techno Electric & Engineering, one of India’s power infrastructure companies, is gearing up to invest $1 billion over the next five to seven years to develop around 250 megawatt (MW) of data centre capacity in India. The first phase of its Chennai data centre, with 5.6 MW, will be operational within a month.
Ankit Saraiya, Director & CEO, said:
We see great potential for the data centre industry going forward,
“Even though it is a high capex industry, we expect at least 16–18% compounded annual growth rate (CAGR).”
The company’s data centre initiative is housed under its wholly owned subsidiary, Techno Digital Infra. This platform will handle hyperscale, edge, and other types of digital infrastructure, including upcoming centres in Kolkata and Noida, as well as edge data centres in partnership with RailTel Corporation of India.
Saraiya said:
We want to create an interconnected network of large and edge data centres across the country,
Techno Electric is also in active talks with global strategic partners to scale the business.
He added,
We remain focused on engaging with partners that can add value,
In its core power Engineering, Procurement and Construction (EPC) business, the company sees continued growth due to rising renewable energy adoption.
Saraiya explained,
Renewables need four times the transmission capacity of conventional power, which boosts substation demand.
Despite industry challenges in land acquisition and supply chain, Techno Electric aims to meet project timelines using its long-standing experience in the power sector.
The company’s shares have gained over 2% in the past year, and it currently has a market capitalisation of ₹12,196.92 crore.
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Techno Electric to invest $1 billion in data centres, eyes 250 MW capacity by 2030, source
