Digital Edge DC (India) Pvt Ltd, a leading data centers provider backed by NIIF (National Investment and Infrastructure Fund), plans to invest an estimated INR 1,400 Crore in setting up a Data Center in Navi Mumbai. The project will have a capacity of 15 MW in the first phase.
The upcoming Navi Mumbai Data Center will be developed over multiple phases, with phase II seeing a capacity expansion to nearly 45 MW in the next 12 months. Digital Edge plans to bring overall capacity to approximately 300 MW within 7-8 years. The project will have a debt-to-equity ratio of 62:38. The term loan component will be about INR 850 Crore for Phase I and the rest will come from equity.
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State Bank of India, the country’s largest bank, is the lender to the project. Government-promoted NIIF will have a 45% holding in the data centre. Among other sponsors are entities supported by Stonepeak, a global alternative investment firm specialising in infrastructure and real estate assets with USD 61 Billion under management (AUM).
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