Techno Electric & Engineering Company (TEECL) has announced big plans for investment across India. The Indian power infrastructure firm is reportedly planning to invest $1 billion (Rs 7,310 crore) in developing data centers in Mumbai, Hyderabad, Pune, National Capital Area (NCR) Chennai, and Kolkata.
These development plans will be green, too, with TEECL assuring that it will leverage its renewable resource possessions to “to guarantee these information center tasks are 100 percent powered by renewable resources and stay carbon-neutral.”
Ankit Saraiya, wholetime director, TEECL, outlined: “With this goal, we have actually settled a strategy to establish 250MW of information centers throughout India over the next five years.”
The company has already signed an MoU with the government of Tamil Nadu to work on a data center project in Chennai, which will be powered by 111MW of wind energy. TEECL has a second project that is located in Kolkata and is reported to be the same size as the first project, powered by biogas.
Commenting on the rollout, Saraiya said: “Both Chennai and Kolkata data center projects will comprise around $340 million or one-third of the total planned $1 billion investment. We are a debt-free company with over Rs 800 crore of cash reserves. We generate around Rs 200-250 crore of revenues through our EPC business year-on-year. We are well-funded internally to build these projects.”
