Hiranandani to invest ₹19,000-cr in DC Yotta infrastructure

The Hiranandani Group-owned data centre (DC) company Yotta Infrastructure has planned to invest about ₹19,000 crore in setting up new DCs across four cities including in Delhi and Kolkata. In Mumbai, its DC went live a few months ago and its Chennai centre is set to start soon. DCs are capital intensive projects and, between Mumbai, Chennai and Delhi, the company is building 15 structures at a cost of ₹15,000 crore. Sunil Gupta, MD and CEO of Yotta Infrastructure informed that in Kolkata, its four buildings will cost about ₹4,000 crore. While the Chennai DC is expected to be delivered by December 2021, in Delhi it would be completed by April 2022. This centre received an overwhelming response in the market as there are large customers who are planning their deployments in the north. It acquired a 20-acre land parcel in Noida where the approval for the construction is in process. While In Kolkata, the company still needs to acquire land. Over the last few years, data consumption in India has exploded. Aided by cheap data and penetration of smartphones, people have started shopping on e-commerce websites and viewing content on OTT platforms.