Power infrastructure major Techno Electric plans $1 billion investment in data centers

Power infrastructure major Techno Electric and Engineering Company (TEECL) is planning to invest $1 billion (about Rs 7,310 crore) in setting up data centres across key Indian cities.

The Kolkata-based listed company with more than 400 completed engineering procurement and construction (EPC) projects is looking to develop data centres backed by green energy.

“We will be leveraging our renewable energy assets across the country to ensure these data centre projects are 100% powered by renewable energy and remain carbon-neutral. With this objective, we have finalised a plan to develop 250 MW of data centres across India over the next five years,” Ankit Saraiya, wholetime director, TEECL, told ET.