India’s data center and cloud industry is witnessing significant growth, fueled by the swift adoption of cutting-edge technologies like artificial intelligence (AI) and the expansion of 5G networks. As the country strengthens its position in the global digital arena, forecasts suggest a 66 percent rise in data center capacity by 2026, with an additional 604 MW set to be added.
1. Anant Raj Ltd
With a market capitalization of Rs.29,994 crore, the share price of Anant Raj Ltd closed at Rs.878.50 per share on Friday, rising 1.05 percent from its previous close.
The real estate company is capitalizing on the increasing demand for data centers, utilizing its early-mover advantage with lower capital expenditure due to land ownership and existing infrastructure.
It is converting 5.66 million square feet of commercial space into a 157 MW data center, with projected rentals of Rs.3,300 crore once fully operational. Additionally, the company is investing Rs.10,000 crore to develop a 300 MW facility.
In Q2FY25, the company reported a 55 percent year-on-year increase in revenue to Rs.513 crore and a 77 percent rise in net profit to Rs.106 crore.
2. HCL Technologies Ltd
With a market capitalization of Rs.5.28 lakh crore, the share price of HCLTechnologies Ltd closed at Rs.1,943.00 per share on Friday, falling 1.5 percent from itsprevious close.
HCL Technologies (HCLTech) has expanded its cloud computing and data center services through strategic partnerships and new offerings. The company strengthened its collaboration with Google Cloud to improve cloud capabilities and assist enterprise migration.
In 2023, it launched a Generative AI Center of Excellence to train 25,000 engineers on AI technologies. HCLTech also introduced Shared Data Center as a Service (DCaaS) to speed up cloud migration while addressing security and compliance needs.
It focuses on hybrid cloud solutions, integrating various cloud environments to meet enterprise requirements, particularly in regulated sectors like financial services and healthcare. The company offers managed services to enhance operational efficiency and ensure compliance.
In Q2FY25, the company reported an 8.2 percent year-on-year increase in revenue to Rs.28,862 crore and an 11 percent rise in net profit to Rs.4,237 crore.
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3. ABB India Ltd
With a market capitalization of Rs.1.44 lakh crore, the share price of ABB India Ltdclosed at Rs.6,782.00 per share on Friday, falling 1.6 percent from its previous close.
ABB India is strategically positioned to capitalize on the growing investments in data centers, offering solutions such as high-efficiency transformers, switchgear, circuit breakers, and UPS systems to ensure reliable power distribution. Its advanced cooling systems enhance energy efficiency by maintaining optimal temperature and humidity levels, while also reducing costs.
In addition, the company provides a Data Center Infrastructure Management (DCIM) system that integrates software and hardware for effective monitoring and optimization of infrastructure. The company also offers cloud computing services, further supporting the digital transformation of businesses.
In Q2FY25, the company reported a 5 percent year-on-year increase in revenue to Rs.2,912 crore and a 21 percent rise in net profit to Rs.440 crore.
4. Cummins India Ltd
With a market capitalization of Rs.89,453 crore, the share price of Cummins India Ltdclosed at Rs.3,220.10 per share on Friday, falling 1.2 percent from its previous close.
Cummins India Ltd specializes in designing, manufacturing, distributing, and servicing diesel and alternative fuel engines ranging from 2.8 to 95 liters, along with power generator sets of up to 3,000 kW (3,750 kVA) and related components and technology.
As a leading provider of backup power solutions for the data center industry, supported by an extensive global service network, Cummins India is well-positioned to benefit from the rapid growth in data center investments.
In Q2 FY25, the company reported a 31 percent year-on-year increase in revenue to Rs.2,492 crore and a 37 percent rise in net profit to Rs.451 crore.
Written by – Siddesh S Raskar
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