Anant Raj Shares Surge 4.5%: ₹20,000 Crore Investment in Haryana Data Centres

Shares of Anant Raj Ltd, a prominent real estate development company, rallied as much as 4.56% to ₹563.25 apiece on the NSE on Tuesday, June 2, 2023. This surge was driven by the company's announcement of a significant investment in Haryana.

In a statement released on Monday, Anant Raj confirmed that it has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the development of large-scale data centre infrastructure across the state. This investment is over and above the company's existing and ongoing data centre expansion plans.

Anant Raj currently operates 28 MW of IT load across its campuses in Manesar and Panchkula. The company aims to achieve a total capacity of 307 MW by 2031-32 across Manesar, Panchkula, and Rai, supported by a planned capital expenditure of about $2.1 billion. This ambitious expansion is designed to meet the growing demand for data storage, cloud services, and digital connectivity.

The MoU was signed during the launch of the 'Make in Haryana Policy' and other sectoral policies organized by the Department of Industries & Commerce, Government of Haryana. The event was chaired by Haryana Chief Minister Nayab Singh Saini in the presence of Rao Narbir Singh, the Minister of Industries & Commerce, Environment, Forests & Wildlife, Haryana.

"The proposed investment will support the development of state-of-the-art data centres and digital infrastructure, further strengthening Haryana's position as a leading destination for technology-led investments and digital innovation," Anant Raj said in its statement. This investment is aimed at supporting the growing demand for data storage, cloud services, and digital connectivity.

In addition to the Haryana MoU, Anant Raj signed an MoU with the Andhra Pradesh government in November last year for the development of new data centre facilities and an IT park in the state. Under this agreement, Anant Raj Cloud Pvt Ltd (ARCPL), a wholly owned subsidiary of Anant Raj Limited, will invest about ₹4,500 crore, to be executed in two phases, towards building advanced data centre infrastructure and cloud services.

Anant Raj reported a 25% increase in consolidated net profit at ₹148.71 crore for the quarter ended March 2026, driven by higher income. Its net profit stood at ₹118.79 crore in the year-ago period. Total income rose to ₹675.41 crore during January-March 2025-26 from ₹550.90 crore a year ago, according to a regulatory filing.

For the 2025-26 fiscal year, Anant Raj's profit grew to ₹557.02 crore from ₹425.82 crore in the preceding year. Total income increased to ₹2,579.08 crore from ₹2,100.28 crore. These financial results reflect the company's robust performance and strategic expansion into the data centre sector.

Data centres are specialized facilities that house servers, storage systems, and networking equipment used to store, process, and manage digital data. They form the backbone of cloud computing, artificial intelligence, online banking, streaming services, and other internet-based applications. Anant Raj, primarily a real estate developer, has expanded into the data centre business in recent years. The company is developing data centre parks, particularly in the Delhi-NCR region, aiming to benefit from the growing demand for cloud services, AI infrastructure, and digital storage in India.