Anant Raj to Invest Rs 4,500 Crore in Andhra Pradesh Data Centres

Anant Raj Limited, a publicly listed real estate developer, has revealed plans to invest Rs 4,500 crore (approximately £450 million) in the establishment of data centre facilities and an Information Technology (IT) Park in Andhra Pradesh. This significant investment was confirmed in a regulatory filing by the company. The funding will be raised through a recent Qualified Institutional Placement (QIP), in which Anant Raj secured Rs 1,100 crore, specifically designated for the expansion of its data centre operations.

Anant Raj Cloud Private Limited (ARCPL), a wholly-owned subsidiary of Anant Raj Limited, has formalised this investment through a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB). The MoU, signed on November 14, 2025, outlines a two-phase project aimed at constructing advanced data centre infrastructure and enhancing cloud services in the region.

The project is projected to generate substantial employment opportunities, with estimates suggesting the creation of approximately 8,500 direct jobs and 7,500 indirect jobs. This initiative is expected to significantly strengthen the digital ecosystem within Andhra Pradesh, which is increasingly becoming a hub for technology and innovation.

Anant Raj Limited's current data centre capacity stands at 307 megawatts (MW), which is already under development. The latest investments are in addition to this existing capacity. The collaboration with APEDB aims to expedite the formation of world-class digital infrastructure in Andhra Pradesh, with the development board assisting in coordination with relevant government departments to ensure timely project execution.

Currently, Anant Raj operates 28 MW of IT load across its facilities located in Manesar and Panchkula. The company has ambitious plans to increase its total capacity to 307 MW by the financial year 2032, supported by a capital expenditure plan valued at $2.1 billion. In June 2024, Anant Raj formed a partnership with Orange Business, a French IT and telecommunications service provider, to offer managed cloud services throughout India. The company is on track to achieve an installed IT load capacity of approximately 117 MW by the end of the financial year 2028 across its strategic data centre locations.

Founded in 1969, Anant Raj has completed approximately 9.96 million square feet of residential and commercial projects and possesses nearly 320 acres of debt-free land within the Delhi National Capital Region (NCR). For the first half of the financial year 2026, the company reported revenues of Rs 1,223.20 crore and a profit after tax of Rs 264.08 crore. The recent QIP was executed at a floor price of Rs 695.83 per share, with shares being issued at Rs 662.00 each, reflecting a discount of 4.86%. Notable institutional investors in the QIP included Société Générale, BNP Paribass Financial Markets, Morgan Stanley Asia, Jupiter India Fund, and Kotak Mahindra Life Insurance Company Limited.