Investors

An asset-backed platform in one of India's fastest-growing sectors

Investment thesis

Infrastructure as an Asset Class

Data centers are classified as critical infrastructure. Asset-backed, long-life, inflation-protected cash flows similar to real estate.

Growing India DC Market

India's DC capacity is growing at ~20% CAGR. Government push on data localisation and Digital India creates structural demand.

Revenue Visibility & Contracts

Rack-rental revenue is contracted, typically 3–5 year leases. Power billing is a pass-through with margin. High switching cost for clients.

Captive Power Moat

Captive solar plus battery storage insulates against grid volatility and power cost escalation — a critical cost advantage in DC operations.

Scalable Platform

A proven first phase supports a rollout plan reaching up to 20 DCs across India, with an asset-company structure that enables capital recycling.

Govt. Incentives & Subsidies

State DC policies offer capital subsidies, GST/stamp-duty waivers, power-tariff concessions, and single-window clearance — materially reducing project cost.

Market opportunity

850M+

Internet users in 2025, base doubling every 1–2 years

70%

Of new internet users come from Tier-2/3 cities

~1.3 GW

Operational pan-India DC supply today

~2.9 GW

Additional supply coming online by 2030

A national data center footprint

NICPL planned data center footprint across India Line-drawing map of India with state boundaries and names, marking NICPL's planned data center sites as dots. Arunachal Pradesh Assam Chandigarh Karnataka Manipur Meghalaya Mizoram Nagaland Punjab Rajasthan Sikkim Tripura Uttarakhand Telangana Bihar Kerala Madhya Pradesh Andaman & Nicobar Gujarat Lakshadweep Odisha Dadra and Nagar Haveli and Daman and Diu Jammu & Kashmir Chhattisgarh Delhi Goa Haryana Himachal Pradesh Jharkhand Tamil Nadu Uttar Pradesh West Bengal Andhra Pradesh Puducherry Maharashtra Ladakh Rajasthan Madhya Pradesh Maharashtra Uttar Pradesh Ladakh Gujarat Karnataka Andhra Pradesh Odisha Chhattisgarh Tamil Nadu Telangana Bihar Arunachal Pradesh West Bengal Assam Jharkhand Jammu & Kashmir Himachal Pradesh Uttarakhand Punjab Haryana Kerala Meghalaya Manipur Mizoram Nagaland Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned DC site Planned data center sites
Schematic map for illustration only, not to survey scale. State boundaries and names reflect India's official external boundaries as published by the Survey of India, Government of India, rendered from open boundary data by the DataMeet India community (CC BY 4.0). City positions are approximate.

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