India’s data centre boom: Why land and power could decide the winners

For India’s fast-growing data-centre companies, the difference between winning and losing new business comes down to two basic things: how much land they hold and how quickly they can get power to it. That was one of the central points JM Financial made in its recent report, which laid out three key debates shaping the country’s data-centre industry.

The brokerage’s note pointed to TCS as an example of how fast the sector is moving. The company’s HyperVault unit is targeting 1 gigawatt (GW) of capacity over the next five to seven years, at an estimated capex of about USD 1 billion for every 150 megawatts (MW) built.