Bharti Airtel arm Nxtra Data Ltd to set up two data centre campuses in Maharashtra

Bharti Airtel (“Airtel”) today said that its subsidiary Nxtra Data Limited (“Nxtra”) has signed a Memorandum of Understanding with the Maharashtra Industrial Development Corporation for setting up two new data centre campuses in the state. The new facilities will come up at Mumbai and Pune respectively.

Nxtra by Airtel offers secure data centre services to leading Indian and global enterprises, hyperscalers, start-ups, SMEs and governments. Nxtra’s nation-wide portfolio of 10 large data centres and more than 120 edge data centres provides customers with co-location services, cloud infrastructure, managed hosting, data backup, disaster recovery, and remote infrastructure management.

The company already operates two large data centres in Maharashtra. In addition, it has multiple Edge data centres across Mumbai, Navi Mumbai, Thane, Pune, Nagpur & Kolhapur.

India is witnessing a considerable surge in demand for secure data centres driven by digital transformation of businesses, consumer demand for digital services, and data localisation requirements. Recently, The Caryle Group through its entities announced an investment of USO 235 mn for a 25% stake in Nxtra at a post money valuation of USO 1.2 bn. Nxtra will use the proceeds from this transaction to continue scaling up its infrastructure and offerings across India.

Rajesh Tapadia, CEO – Nxtra Data said: “We are on a mission to support the growth of India’s digital ecosystem with state-of-the-art and highly secure data centre infrastructure. We are delighted to add to our footprint in Maharashtra as part of our nationwide expansion plans to serve the evolving requirements of digital India.”

Shares of BHARTI AIRTEL LTD. was last trading in BSE at Rs.457.55 as compared to the previous close of Rs. 433.6. The total number of shares traded during the day was 602408 in over 10375 trades.

The stock hit an intraday high of Rs. 460 and intraday low of 434.65. The net turnover during the day was Rs. 271614898. EquityBulls