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.
GFL's new R-32 refrigerant capacity expansion is partly justified by cooling demand from AI data centres, but the company does not build, own or operate data centers itself.
“we are doubling it to 20,000 tonnes to meet the surge in demand from residential air-conditioning and the cooling infrastructure that AI data centres and commercial refrigeration now require.”
Data center demand is cited as a tailwind for Redington's IT distribution revenue, but Redington distributes products to data center builders rather than operating data centers itself.
“Favorable market conditions, higher growth in mobility segment and emergence of data centers contributed to higher revenue growth during the year, in addition to double digit growth across all segments.”
Data centre construction is identified as a forward market the Company is monitoring rather than actively pursuing, contingent on overlap with existing capability.
“Data centre construction, driven by cloud adoption, data localisation and artificial intelligence workloads, resembles a utility island more than a conventional building, requiring large cooling water systems, redundant power infrastructure and often captive generation.”
Data Centre infrastructure is mentioned only as an adjacent opportunity being evaluated; the company does not build or operate data centers.
“we are also evaluating emerging opportunities in the evolving power infrastructure ecosystem, including Battery Energy Storage Systems (BESS) and Data Centre infrastructure.”
Data Centers is listed as an industry the company serves, and capabilities were expanded into this sector during FY26, primarily through instrumentation and automation supply.
“During the year, we also expanded our capabilities into strategic sectors including Marine, Offshore, Defence, Railways, Nuclear, Renewable Energy, and Data Centers, reinforcing our position as a trusted engineering partner for mission-critical applications.”
Data centres are mentioned only as a forward-looking opportunity in the SWOT analysis; the company does not currently build, own or operate data centers.
“Data Centre and Digital Infrastructure Development Rising demand for data centres, driven by digitalisation, AI adoption, and data localisation, presents a significant opportunity to leverage strategic land holdings and commercial development expertise.”
The report mentions policy support for green data centres but provides no evidence that Ajmera builds, owns, or operates them.
“Beyond housing, initiatives supporting green data centres and greater flexibility in industrial land utilisation are expected to drive economic activity and urban development.”
Data centers appear only as industry outlook commentary in the real estate opportunities section; the company does not build, own or operate data centers.
“Rising demand for quality residential and commercial spaces, industrial and logistics parks, and data centres is expected to create new avenues for growth.”
Data centres appear only in the context of a Union Budget tax policy for foreign cloud providers, not as DAM Capital's own business.
“the Government announced an income tax exemption until 2047 for eligible foreign companies providing cloud services through data centre infrastructure located in India, subject to serving Indian customers through domestic resellers.”
Data centres were discussed only as a past revival proposal with Hiranandani that the West Bengal government ignored; the company has no current data-centre operations and its plant has been suspended since 2014.
“The Government of West Bengal repeatedly ignored our proposal for revival with the entry in the data centres and warehousing business with Hiranandani”
Data centers are mentioned only as background industry commentary; the company does not state it builds, owns or operates data center capacity.
“amid spread of generative artificial intelligence wherein data centres have become a critical part of infrastructure that supports a digital society”
Data centre ownership/operation is being added as authorised ancillary MOA objects; no current data-centre revenue or operations are evidenced.
“to establish, acquire, develop, construct, own, lease, operate, maintain and manage data centres, hyperscale data centres, colocation data centres, enterprise data centres, edge data centres, modular data centres, micro data centres, AI data centres, GPU data centres, high-performance computing centres”
Cloud solutions appear only as an aspirational item in the newly widened Objects Clause; the company is not described as building, owning or operating data centers or cloud infrastructure today.
“The revised Objects Clause encompasses activities relating to Information Technology, Geomatics, GIS, data and analytics, artificial intelligence, automation, digital media and marketing, cloud solutions, business solutions, payment systems and other allied technology-enabled services.”
Data centre solutions and cloud/managed services are listed as principal offerings, but the company is positioned as an IT infrastructure solutions integrator partnering with OEMs rather than building or operating its own data centres.
“Its principal offerings include IT networking solutions, data centre solutions, IT security and surveillance, cloud and managed services, as well as maintenance and technical support services under formal contracts.”
Objects clause lists data centre management and networking/managed services among permitted IT services; no operational evidence provided.
“networking and network management, data centre management and in providing consultancy services in all above mentioned areas”
A proposed (not yet approved) amendment to the Memorandum of Association would add data centres among a long list of potential new business areas; no current operations or revenue.
“To carry on the business of research, innovation, development, design, engineering, manufacture, assembly, integration, testing, installation, commissioning, operation, maintenance, commercialisation and deployment of information technology, software, hardware, electronics, telecommunications, artificial intelligence, machine learning, cybersecurity, cloud computing, data centres, Internet of Things, robotics, automation, digital platforms”
Data centres are referenced only as an industry driver for optical fibre demand in the MD&A; SGN does not build, own or operate data centres and had no sales in the reporting year.
“the industry will be increasingly defined by Artificial Intelligence (AI) driven networks automation and expansion of AI Data Centres alongside transport infrastructure to support cloud and edge workloads.”
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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