According to reports from ETTelecom, Anant Raj has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the development of large-scale data centre infrastructure across the state. The MoU was signed during the launch of the 'Make in Haryana Policy' and other sectoral policies organised by the Department of Industries & Commerce, Government of Haryana. The event was chaired by Haryana Chief Minister Nayab Singh Saini in the presence of Rao Narbir Singh, the Minister of Industries & Commerce, Environment, Forests & Wildlife, Haryana. As per ETTelecom, this planned investment is above Anant Raj's existing and ongoing data centre expansion plans and is expected to strengthen the company's digital infrastructure footprint.
As reported by ETTelecom, this ₹20,000 crore investment is expected to create nearly 6,000 direct jobs and several indirect employment opportunities. Anant Raj currently operates 28 MW of IT load across its campuses in Manesar and Panchkula and is expanding its data centre footprint across Haryana. The company aims to achieve a total capacity of 357 MW by FY32 across Manesar, Panchkula, and Rai, supported by a planned capital expenditure of approximately $2.1 billion. The Group remains on track to achieve an installed IT load capacity of around 117 MW by FY28 across its data centre locations, as reported by ETTelecom.
According to WhalesBook, this ₹20,000 crore commitment marks a significant evolution for Anant Raj Limited as it shifts focus from cyclical residential development to the recurring-revenue model of digital infrastructure. The company is attempting to capture the escalating demand for secure, local cloud storage by pivoting from traditional real estate toward high-margin digital infrastructure. Unlike traditional greenfield projects that require lengthy land acquisition periods, Anant Raj benefits from its existing land bank, allowing for rapid brownfield conversions with setup costs estimated at a fraction of the industry benchmark. The company's current valuation at a P/E ratio of approximately 34x reflects investor optimism surrounding this transition.
As reported by ETTelecom, in November last year, the company signed an MoU with the Andhra Pradesh government for the development of new data centre facilities and an IT park in the state. Under this MoU, Anant Raj Cloud Pvt Ltd (ARCPL), a wholly owned subsidiary of Anant Raj Limited, will invest about ₹4,500 crore, to be executed in two phases, towards building advanced data centre infrastructure and cloud services.
According to The Economic Times, Anant Raj reported a 25% increase in consolidated net profit at ₹148.71 crore for the quarter ended March 2026 on higher income. Its net profit stood at ₹118.79 crore in the year-ago period. Total income rose to ₹675.41 crore during January-March 2025-26 from ₹550.90 crore a year ago. During the 2025-26 fiscal year, Anant Raj Ltd's profit grew to ₹557.02 crore from ₹425.82 crore in the preceding year, with total income increasing to ₹2,579.08 crore from ₹2,100.28 crore. However, as noted by WhalesBook, the market cap hovers near ₹193 billion, and the efficacy of this investment depends heavily on achieving high utilization rates across facilities, which must compete with established global hyperscalers and specialized domestic players.
