Anant Raj Cloud, a subsidiary of Anant Raj Limited, has signed an agreement with Orange Business to market its Haryana-based data center infrastructure to global clients. The initiative targets the utilization of its 307 MW planned IT capacity, of which 28 MW is currently operational. Investors may track the company's ability to secure international clients and execute large-scale infrastructure plans in a competitive market.
Anant Raj Cloud Singapore, a subsidiary of Anant Raj Limited, has entered into an agreement with Orange Business Services Singapore to position the state of Haryana as a global data center and AI infrastructure hub. The partnership, formalized through a Memorandum of Understanding signed on October 6, 2026, focuses on leveraging Orange Business’s technical expertise to market the 'Ashok Cloud' platform and other data services to international clients.
The collaboration is designed to support the state’s efforts to attract global firms that need to host heavy data workloads. As part of this arrangement, Orange Business will act as a technology partner, providing architectural support, hardware, and specialized assistance for high-performance computing. This move is a strategic step for Anant Raj as it attempts to shift its focus from domestic utilities to providing services for global clients.
For investors, the scale of this project is significant. Anant Raj Limited has committed an investment of ₹25,000 crore to build a total of 307 MW of IT load capacity across campuses in Manesar, Panchkula, and Rai. Currently, the company has 28 MW of capacity operational across its Manesar and Panchkula sites. The remaining capacity, including the 200 MW planned for the Rai campus, represents a major expansion that will require substantial time and capital to complete.
Financial context remains an important factor for shareholders. In the first quarter of the 2027 fiscal year, Anant Raj Limited reported a consolidated revenue of ₹650.75 crore, reflecting an 8.02% increase compared to the previous year. While the revenue growth shows progress, the company’s business model is capital-intensive. Expanding to 307 MW requires steady funding and careful financial management to maintain healthy cash flow.
There are clear execution and market risks to consider. The data center sector in India is becoming increasingly competitive, with several large players and states vying for global data workloads. The ultimate success of this partnership depends on the company's ability to onboard international clients, which is not guaranteed. Furthermore, the development of future capacity, such as the Rai campus, is subject to commercial viability, market demand, and necessary regulatory approvals. If market demand does not align with the pace of infrastructure spending, it could put pressure on the company's financial flexibility.
Moving forward, the primary focus for investors will be the actual utilization rates of the operational data centers and the timeline for the next phases of capacity expansion. Market participants will also watch for updates on client acquisitions as the company attempts to transition toward a more global service model.