The distinction this list exists for: operating data-center capacity is exposure; using cloud services is not. The tiers and quotes keep the two apart.
Through subsidiary PowerTel, POWERGRID is expanding into data centres, with its first data centre at Manesar under construction.
“PowerTel is the only telecom service provider to have pan India overhead optic fibre network on Extra High Voltage Transmission Lines and is now expanding its services to Data Centre business.”
Partnership with Chemours and committed capex (~₹120 crores) to manufacture new-age liquid coolants for hyper data centres as part of an incubating advanced materials vertical; no revenue yet.
“~ ₹ 120 crores for initial manufacturing capacities for advanced coolants for hyper-data centres”
Data centres are a listed core capability under the Buildings & Factories (B&F) division, with 2 data centre projects completed in India and 'data centres' referenced among key growth areas.
“Our portfolio spans residential, commercial, industrial, healthcare, education, hospitality, IT parks, airports, data centres and manufacturing facilities”
MTAR has entered the data centre infrastructure solutions segment with a Rs 450 Mn first-article order for sheet metal components and is building a dedicated facility, but no revenue yet.
“MTAR has received a first-article order worth Rs. 450 Mn for the supply of sheet metal components and assemblies for data centre infrastructure solutions. First-article deliveries are expected to commence in FY27.”
The company announced the acquisition of GScale Energy Private Limited, a proposed subsidiary whose MD has 22+ years in design, engineering, construction and delivery of large-scale data-centre and AI infrastructure projects; no current revenue from this segment is mentioned.
“Kasu Brahma Reddy, aged 46 years, is the Managing Director of our proposed subsidiary, Gscale Energy Private Limited. He brings over 25 years of professional experience, including more than 22 years in the data-centre and allied infrastructure industry, spanning the design, engineering, construction and delivery of large-scale data-centre and critical AI infrastructure projects.”
“On June 25, 2026, the Board of Directors approved the proposed acquisition of up to 51% of the equity share capital of GScale Energy Private Limited (CIN: U28199TS2026PTC216284), a company engaged in the business of AI Datacenter Engineering and Infrastructure Solutions.”
Omnitech has begun First Article development and qualification work for precision components serving data center cooling and flow-control infrastructure, with no revenue yet.
“The Company has commenced First Article development and qualification work across Gas Turbine and Data Center infrastructure value chains, including opportunities linked to Power Generation, cooling and flow-control systems.”
The company has launched 'Infibeam Quantum Edge' data-centre infrastructure and allocated rights-issue proceeds to scale it, primarily to support its AI stack; no standalone data-centre revenue is yet disclosed.
“the Board has approved a ₹700 crore rights issue, strategically allocated to scale our AI and data centre infrastructure (Quantum Edge)”
The company is advancing MoUs for development of an Agentic AI data centre, indicating early-stage commitment though no revenue yet.
“advancing model MoUs for power-assured Agentic AI data centre development”
“India is asking more of its infrastructure builders than carriageways alone, and the Company is answering across mining, railways and metro, with solar EPC and AI-enabled data centre infrastructure under active study.”
Data Centres and Telecom Infrastructure are being added to the Object Clause via Special Resolution at this AGM; no current revenue or executed data centre projects disclosed.
“To build, establish, maintain, operate, lease or transfer Projects comprising Substations, Transmission Lines, Distribution Networks, Renewable Energy, Data Centres, Telecom Infrastructure, Smart Metering and Water Infrastructure”
“To be recognized as a leading infrastructure solutions company and India's premier fast-track EPC partner, delivering complex and critical projects across power, renewable energy, water, transportation, data center and telecommunication sectors through engineering excellence, innovation and sustainable development.”
Approved JV with AI Fabrik to set up an 'AI Neo Cloud' in India, with a phased INR 25 crore investment committed, but no revenue yet from cloud/data-center operations.
“The Board of Directors of Ceinsys Tech approved the formation of a joint venture with AI Fabrik, Inc., USA, to explore business opportunities related to the creation of a sovereign AI infrastructure and services platform in India.”
Proposed amendment to the Objects Clause adds data center infrastructure as part of the company's IT infrastructure solutions business.
“networking, communication, cloud, data center, cybersecurity, storage, computing, surveillance, audio-visual, automation, Internet of Things (IOT), Artificial Intelligence (AI), Machine Learning (ML)”
Company has a proposed IT Park / Data Centre project at Dombivli under active development, but no operational data center capacity or revenue yet.
“Parallelly, in light of the ongoing digital transformation, the Company's proposed IT Park/ Data Centre initiative”
“the Company continued to progress its proposed IT Park/Data Centre project at Dombivli, recognising the growing demand for digital infrastructure and data management services.”
“The Company's long-term growth strategy includes the proposed Mahad Agro Processing Project and IT Park/Data Centre project.”
The board is putting a special resolution to shareholders to amend the MOA object clause to permit data centre, cloud and HPC infrastructure businesses; no current operations or revenue in this theme.
“To carry on the business of establishing, developing, constructing, acquiring, investing in, owning, operating, managing, maintaining and leasing Artificial Intelligence (AI) Data Centres, data centres and related digital infrastructure”
Plans BTS-led shell data centre development at its Palava project as a future annuity income stream over the next six years; no current revenue indicated.
“We target a significant expansion in recurring annuity income over the next six years, with BTS-led shell data centres at Palava expected to be a key contributor.”
Board is proposing MOA alteration to add data centre ownership/operations and cloud infrastructure as a new main object, indicating committed entry plan with no current revenue.
“establishment, development, ownership, operation, management and maintenance of data centres, data storage and data processing facilities, cloud computing infrastructure, edge computing infrastructure and allied digital infrastructure”
Definition used: Builds, owns or operates data centers, or provides cloud/hosting infrastructure at scale. A company merely USING cloud services does not qualify. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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