CLINT Earmarks Rs 1,940 Cr To Develop Data Centre Facility In Chennai

CapitaLand India Trust Management Pte Ltd, the trustee-manager of CapitaLand India Trust (CLINT), has announced plans to acquire a 4.01-acre freehold site in Ambattur, Chennai for Rs 83.28 crore to develop its third data centre facility in India. The acquisition of the site is likely to be completed this month, while the data centre is scheduled to be completed by end-2025. 

CLINT will invest an amount of ₹1,940 crore to acquire the land and develop a state-of-the-art data centre in phases over the next four to five years, the company said in a statement on Tuesday. 

The company said the new data centre will have a power capacity of 55 megawatts (MW) to host customers including global technology giants and cloud service providers as well as large domestic enterprise clients.

With this acquisition, CLINT will have a presence in India's key data centre markets like Navi Mumbai, Hyderabad and Chennai, said Sanjeev Dasgupta, Chief Executive Officer of CLINT.  “We are also planning to develop a fourth data centre in Bengaluru. This will allow us to expand in the resilient and highly scalable data centre asset class, diversify our data centre portfolio geographically, and enable us to better serve our customers across the country. After completion, the four data centres will deliver a total of 251 MW of power,” Dasgupta added.

Formerly known as Ascendas India Trust (a-iTrust), CLINT was listed on the Singapore Exchange Securities Trading Ltd (SGX-ST) in August 2007 as the first Indian property trust in Asia. The company’s primary objective is to own income-producing real estate used primarily as business space in India. 

CLINT's portfolio includes eight IT business parks, a logistics park, an industrial facility and one data centre development in India, with total completed floor area of 15.5 million sq ft spread across Bengaluru, Chennai, Hyderabad, Pune and Mumbai. The company's AUM stood at Singapore dollar 2.5 billion.