Joint Venture01 Jun 2026

Anant Raj Signs ₹25,000 Crore MoU with Haryana Government for Data Centre & Cloud Infrastructure Expansion

Anant Raj and Haryana Sign ₹25,000 Crore Data Centre and Cloud Infrastructure MoU

On June 1, 2026, Anant Raj Limited signed a memorandum of understanding with the Haryana Enterprises Promotion Centre during the launch of the 'Make in Haryana Policy & Other Sectoral Policies' event, chaired by Chief Minister Nayab Singh Saini. The company committed to invest ₹25,000 crore in large-scale data centre infrastructure across the state.

Framework and Government Collaboration

The MoU establishes a framework for collaboration between Anant Raj and multiple government departments — including the Department of Information Technology, Electronics and Communication, Haryana State Electronics Development Corporation, Citizen Resource Information Department, and the Department of Industries and Commerce. The Haryana government, through HEPC, has committed to providing facilitation and ease of doing business support to Anant Raj for its digital infrastructure expansion in the state.

Scope and Service Offerings

The proposed entity will be engaged in providing co-location and cloud services (including artificial intelligence (AI) services) from data centres and cloud infrastructure being developed by Anant Raj. The investment is over and above Anant Raj's existing 307 MW of data centre capacity currently under development. The company currently operates 28 MW of IT load across its campuses in Manesar and Panchkula, and is targeting a total capacity of 307 MW by FY32 across Manesar, Panchkula, and Rai, backed by a planned capital expenditure of approximately $2.1 billion.

Market Context and Strategic Positioning

The agreement underscores the growing race among Indian states to attract AI and digital infrastructure investments. For Haryana, the investment strengthens the state's position as a major data center hub due to its proximity to the National Capital Region, availability of connectivity infrastructure, and access to enterprise customers. The proposed projects are expected to generate about 6,000 direct and indirect jobs and bolster capacity for cloud services, data storage and digital connectivity.

Anant Raj's Expanded Digital Infrastructure Strategy

Anant Raj, which started as a real estate developer, has been transforming into a data centre company over the past several years, finding a growth runway that its traditional business could not have provided. In November 2025, its subsidiary, Anant Raj Cloud, signed an agreement with the Government of Andhra Pradesh to invest approximately ₹4,500 crore in data center facilities and an IT park in the state. Anant Raj has also sought to strengthen its cloud services capabilities through a partnership with Orange Business announced in 2024 to deliver managed cloud services in India.

Developer Heritage and Background

Founded in 1969, Anant Raj Limited is one of India's most enduring real estate institutions. The company is a well known real estate developer with over 55 years of experience having delivered over 30,000 projects across 8 cities. Having delivered landmark residential, commercial, and IT infrastructure projects, the company today stands at the forefront of India's digital transformation with its pioneering data center developments.

Market Response

Shares of Anant Raj surged as much as 4.6 per cent to Rs 563.25 in Tuesday's trade after the company announced the partnership with the Government of Haryana. Anant Raj clarified that the MoU does not involve any shareholding arrangement, special rights, equity issuance, or related-party transaction. The agreement is focused solely on enabling investment and operational expansion in the state.

Haryana's Data Centre Policy Framework

Haryana Cabinet approved the Draft New Haryana Data Centre Policy 2026, granting essential service status to data centre projects as the state stepped up efforts to attract hyperscale investments in cloud storage, enterprise computing and digital services. The policy provides dual-grid electricity support and floor area ratio relaxation of up to 500 per cent for large-scale facilities, key incentives aimed at businesses dependent on uninterrupted uptime and high-density operations.

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