NIIF-backed Digital Edge to invest Rs 1,400 cr in Navi Mumbai data centre

Digital Edge DC (India) Pvt Ltd, backed by the National Investment and Infrastructure Fund (NIIF), will invest about Rs 1,400 crore in setting up a data centre in Navi Mumbai, with a capacity of 15 Mw in the first phase of the project.

The company plans to add around 40 Mw in the following 12 months and scale it up over 300 Mw in the next seven to eight years over multiple phases.

The project will have a debt-to-equity ratio of 62:38. The term loan component will be about Rs 850 crore for the first phase, and the rest will come from equity. State Bank of India, the country’s largest bank, is lender to the project.