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Anant Raj Secures RERA Approval for Gurugram Project, Targets 357 MW Data Centres
Sentiment: NeutralHigh Priority
What Happened?
Anant Raj Ltd has received RERA certification for its luxury residential project, The Estate One, in Gurugram. The company aims to expand its data centre capacity to 357 MW by FY32.
Key points
- The Estate One project has a built-up area of approximately 1.22 million square feet.
- Anant Raj currently operates 28 MW of IT load in Manesar and Panchkula.
- The company recorded a 13.25% year-on-year increase in net profit to Rs 156.49 crore in Q2FY27.
- Operating revenue rose 4.87% year-on-year to Rs 661.53 crore.
- The firm plans to separate its data centre and cloud services into a new company, Ashok Cloud.
Key insights
- The expansion into data centres may diversify Anant Raj's revenue streams.
- The company's growth in net profit indicates strong operational performance despite rising expenses.
- The separation of data services could lead to more focused management and investment in technology.
Why it matters
The project's approval could enhance Anant Raj's market position in the luxury real estate sector.
Tags
Entities
Anant Raj Ltd· CompanyGurugram· CityHaryana· StateAshok Cloud· CompanyOrange Business Services· Company
Source
Business Standard
