AGP's Zerra DC Secures ₹1,200 Crore Loan for Navi Mumbai Data Center Expansion
AGP’s Zerra DC bags Rs 1,200 crore loan for second Navi Mumbai data centre project
The Economic TimesImage: The Economic Times
AGP's data center division, Zerra DC, has obtained a ₹1,200 crore (approximately $145 million USD) loan from Tata Capital to develop a second data center in Navi Mumbai, India. This facility will have a capacity of 200 megawatts and is part of a larger collaboration to construct a 300 megawatt hyperscale facility in the region.
- 01Zerra DC has secured a ₹1,200 crore loan for a new data center project.
- 02The new facility in Navi Mumbai will have a capacity of 200 megawatts.
- 03AGP is collaborating with National Investment and Infrastructure Fund (NIIF) and Stonepeak-backed Digital Edge for a larger project.
- 04AGP has significant experience in infrastructure development across various sectors.
- 05The loan is part of a growing trend in data center investments in India.
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AGP's data center arm, Zerra DC, has successfully secured a ₹1,200 crore (approximately $145 million USD) loan from Tata Capital to finance the development of its second data center in Navi Mumbai, India. This new facility will feature a capacity of 200 megawatts and is currently in the process of finalizing contracts with major cloud hosting providers. The project is part of a broader initiative where AGP, in collaboration with the National Investment and Infrastructure Fund (NIIF) and Stonepeak-backed Digital Edge, is working on a larger 300 megawatt hyperscale facility in the same region. AGP has been active in India for nearly 20 years, focusing on sustainable infrastructure and real asset development, with a current portfolio that includes 5,000 megawatts of generation capacity under development and 22 million square feet of built space. This investment reflects the increasing demand for data centers in India, driven by the growth of cloud computing and digital services.
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The development of this data center is expected to create job opportunities and enhance digital infrastructure in Navi Mumbai, which could benefit local businesses and residents.
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