HCLTech to set up AI Data Center in Bhubaneswar with Rs 14,257 cr investment

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HCLTECH · price

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AI summary

HCLTech plans its first AI Data Center in Bhubaneswar with a capital outlay of Rs 14,257 crores, including financial assistance from the Odisha government. The project is a partnership with AI startup Sarvam and will be located in the upcoming Odisha Sovereign AI Park. It aims to boost India's sovereign AI capabilities and offer sector-specific AI applications to private and public sector enterprises. An MoU was signed on July 24, 2026, following HCLTech's earlier July 13 announcement on entering the full-stack AI market.

Likely market impact

Positive for growth outlook - large AI capex commitment and marquee partnership with Sarvam and Odisha government strengthen AI play.