Hiranandani Group to build six data centres in UP for Rs 39,000 cr

Lucknow, Nov 1 (KNN) The Hiranandani Group will sign an agreement with the Uttar Pradesh government for building up six data centres in the state.

"We are signing a memorandum of understanding (MoU) with the UP government that calls for around Rs 39,000 crore in investments over the next five to seven years, which translates to six data centres, which is our target," group's managing director Niranjan Hirandandani told CNBC-TV18 on Monday.

The Yotta Group, a subsidiary of the Hiranandani group, On Monday unveiled North India’s first hyperscale data centre, Yotta D1, at its Greater Noida Data Centre Park.

During his interview, Hiranandani informed that the construction for the first data centre would require an investment of about Rs 1500 crore. “ A further Rs 5,000 crore would be needed for equipment and other items,” he said.

The first of the six buildings that the group intend to construct will require an investments totalling around Rs 6,500 crore.

"The amount of capital investments that will remain in each of these locations over time will be decided based on how big these locations expand. But certainly we look to the growth story," he added.

Speaking about how more and more people are now entering the business, Hirandandani said "We have shifted the scale such that we will, individually and as a business, offer the highest quality services in addition to the data centre rather than merely building them for the benefit of other locators.”

The group till now has built six data centres in the preceding 10 years.  (KNN Bureau)