Announced Mon, 13 Jul · 18:39 IST
HCLTech to invest Rs 3,500 crore in AI data centers in India
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HCLTECH · price
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AI summary
HCLTech's Board approved an investment of up to Rs 3,500 crore to set up AI data centers in India through a new wholly-owned subsidiary. This will power HCLTech's new full-stack AI offering targeting private sector and government clients, with potential to scale to 50MW capacity. India data center capacity is expected to grow from 1.8GW to 5-7GW by 2030. CEO Vijayakumar said this positions HCLTech to capture the full value of AI-led demand.
Likely market impact
Major capex commitment signals strategic push into AI infrastructure; positive for long-term growth as HCLTech targets higher-value AI services.