India's Largest Database on New Projects
Ctrl S to invest in data centres
14 May, 2008: Ctrl S Datacenters Ltd, a Hyderabad based carrier neutral data centre service provider, is planning to invest Rs.750 crore to set up tier-4 data centres in Chennai, Bangalore, Pune, Mumbai, Delhi and Kolkata.
The company is expected to achieve financial closure of Rs.750 crore investment for its expansion in the next two months, which is likely to be funded in a debt-equity ratio of 60:40.
Work on the six data centres, including land acquisitions and leasing deals, has already begun and the company expects the centres to be fully operational by end 2008. Initially, the centres would house 8,000 racks, which would be scaled up to 20,000 racks in four years, with an additional investment of Rs.250 crore.
Source: Business Standard