Real estate firm Anant Raj Ltd has entered into a memorandum of understanding (MoU) with the Haryana Enterprises Promotion Centre under the government of Haryana for collaboration in data centre and cloud services. According to reports from CNBC TV18, the MoU was executed on June 1, 2026, at the launch of the 'Make in Haryana Policy & Other Sectoral Policies,' chaired by Shri Nayab Singh Saini, Chief Minister of Haryana. The agreement establishes a framework for collaboration between Anant Raj and multiple state departments including the Department of Information Technology, Electronics & Communication, Haryana State Electronics Development Corporation, Citizen Resource Information Department, and the Department of Industries and Commerce.
The MoU involves an estimated investment of ₹25,000 crore for the development of data centre and cloud services in Haryana. As reported by CNBC TV18, the initiative is aimed at supporting investment and development of data centre and cloud services in Haryana, as part of Anant Raj's digital infrastructure business operations. The company clarified that there is no shareholding involved, no related party transaction, and no promoter or group company linkage in the agreement. Shares of Anant Raj surged as much as 4.6% to ₹563.65 following the announcement, with the stock trading above all eight key Simple Moving Averages (SMAs), signaling strong bullish momentum. This represents the company's strongest performance in a year, with the stock gaining 10% in the last one month and turning positive on a year-to-date basis.
The MoU provides for facilitation and ease of doing business support from the Haryana government through HEPC to support the implementation of the project. According to CNBC TV18, the agreement does not involve the issuance of shares, loans, board appointments, or changes in capital structure, and does not include related disclosures such as nominee or conflict of interest provisions. The company stated that there are no related party transactions or promoter or group company linkages in the agreement. In an exchange filing, Anant Raj confirmed that the Haryana government, through HEPC, is committing to providing all facilitation and ease of doing business support to the company.
The ₹25,000 crore investment is over and above Anant Raj's existing 307 MW of data centre capacity currently under development. The company currently operates 28 MW of IT load across its campuses in Manesar and Panchkula, and is targeting a total capacity of 307 MW by FY32 across Manesar, Panchkula, and Rai, backed by a planned capital expenditure of approximately $2.1 billion. The MoU with the Haryana government comes eight months after Anant Raj committed to invest ₹4,500 crore in Andhra Pradesh through its subsidiary. Under the agreement, Anant Raj Cloud Private Limited (ARCPL), a wholly owned subsidiary of Anant Raj, will invest ₹4,500 crore to be executed in two phases towards building advanced data centre infrastructure and cloud services.
From a technical perspective, the 14-day Relative Strength Index (RSI) stands at 61, indicating the stock is in a strong bullish trend. An RSI reading below 30 typically indicates oversold conditions, while a reading above 70 suggests the stock may be overbought. The stock's strong performance is supported by its technical indicators, with the stock trading above all eight of its key Simple Moving Averages (SMAs), signaling a positive technical trend. This technical strength aligns with the company's fundamental growth prospects in the data centre sector.
