Data Centers & Cloud

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.

Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
Power Grid Corp.Power - TransmissionAnnounced₹2.46 L CrP/E 14.1ROCE 7.2%

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.

Annual Report · p. 26
Navin Fluorine Int.Specialty ChemicalsAnnounced₹42,302 CrP/E 53.1 vs 27.7ROCE 16.4%

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

Annual Report · p. 17
Kalpataru Project IntCivil ConstructionAnnounced₹23,792 CrP/E 20.3 vs 15.1ROCE 15.0%

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

Annual Report · p. 20
AvenuesaiFinancial Technology (Fintech)Announced₹5,231 CrP/E 14.5 vs 90.4ROCE 6.2%

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)

Annual Report · p. 6
Prostarm Info SystemsOther Electrical EquipmentAnnounced₹812 CrP/E 17.1 vs 25.9ROCE 14.9%

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)

Prostarm Info Systems Ltd - 544410 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 18
How this list is built

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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