Anant Raj & 2 other stocks to benefit as Blackstone plans $11 billion investment in India for Data Centers

Blackstone Inc. has committed to investing $11 billion in data centres in India, aiming to meet the growing demand for artificial intelligence and cloud computing services. CEO Stephen Schwarzman emphasized the importance of AI’s accelerated growth, predicting that data centre expansion will be critical to support these advancements. He highlighted that AI will revolutionize sectors like drug development and education, further driving the need for data centres.

As the world’s largest data centre provider, Blackstone has made significant acquisitions, including AirTrunk and QTS. It also launched Lumina CloudInfra in Mumbai, a hyperscale cloud infrastructure provider, with a planned 600-MW data centre capacity. Schwarzman forecasts that global data centre investments could reach $1 trillion in the next five years, with half of that coming from outside the US.

Here are a few Data Center stocks poised to drive this growth:

1. Anant Raj Ltd

With a market capitalization of Rs.18,372 crore, the share price of Anant Raj Ltd is currently trading at Rs.538.75 per share on Friday, rising 3.5 percent from its previous close. 

The real estate company is capitalizing on the increasing demand for data centers, utilizing its early-mover advantage with lower capital expenditure due to land ownership and existing infrastructure. 

As of December 2024, the company has 6 MW of operational data center capacity and a proposed 307 MW capacity. It is transforming 5.66 million square feet of commercial space into a 157 MW data center, with projected rentals of Rs. 3,300 crore once fully operational. Furthermore, the company is investing Rs. 10,000 crore in developing a 300 MW facility. In Q3FY25, the company reported a 36 percent year-on-year increase in revenue to Rs.535 crore and a 55 percent rise in net profit to Rs.110 crore.

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2. Techno Electric & Engineering Company Ltd

With a market capitalization of Rs.11,799 crore, the share price of Techno Electric & Engineering Company Ltd is currently trading at Rs.1,014.50 per share on Friday, rising 1 percent from its previous close. 

As of October 2024, Techno Electric & Engineering Company Ltd. has a total data center stock of 19 million square feet, with an IT capacity of 1,255 MW. By December 2026, the company plans to expand its data center stock to 29 million square feet, increasing its total IT capacity to 1,628 MW, reflecting its strong growth strategy in the data center sector.

The engineering company is venturing into the data center development sector as an operator, planning to invest $1 billion to establish data centers with a total capacity of 250 MW across India by 2030. 

Currently, it is constructing a 24 MW facility in Chennai. Additionally, the company can leverage its expertise in engineering, procurement, and construction to act as an EPC partner for other firms developing data centers in India. In Q3FY25, the company reported a 94 percent year-on-year increase in revenue to Rs.636 crore and a 4 percent rise in net profit to Rs.96 crore.

3. Schneider Electric Infrastructure Ltd

With a market capitalization of Rs.15,603 crore, the share price of Schneider Electric Infrastructure Ltd is currently trading at Rs.654.20 per share on Friday, rising 2.5 percent from its previous close. 

Schneider Electric Infrastructure Ltd is strengthening its position in India’s growing data center and semiconductor sectors. The company is establishing National Data Centers in Delhi, Pune, Hyderabad, and Bhubaneswar, providing SITC of 11kV AIS panels. It has also supplied semiconductor power transformers to a major plant, with its SEIL product portfolio creating key industry references. 

To meet growing global and domestic demand, Schneider plans to invest Rs.3,200 crore by 2026, enhancing its manufacturing capabilities and supporting the global data center market from India. In Q3FY25, the company reported a 15 percent year-on-year increase in revenue to Rs.857  crore and a 22 percent rise in net profit to Rs.111 crore.

Written by – Siddesh S Raskar

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