Anant Raj shares rise over 11%, check key details here

Shares of Anant Raj Limited were trading 11.31% higher at ₹593.65 apiece on the Bombay Stock Exchange (BSE) at 1:31 PM. Shares opened today at ₹537, up from the previous close of ₹533.35.

Over the last five sessions, shares of Anant Raj have traded 12.97% higher. On the other hand, Anant Raj shares have soared 20.73% on a six-month basis.

The company’s market capitalisation stands at ₹20,516 crore.

This upward trend in the stock price comes following a Business Standard report stated that the government has proposed a tax exemption of up to 20 years for data-centre developers, subject to meeting targets on capacity addition, power usage effectiveness and employment generation.

The Ministry of Electronics and Information Technology (MeitY) is said to be likely to request the Ministry of Finance to permit input tax credit (ITC) on goods and services tax charged on capital assets used in data-centre construction, heating, ventilation and air-conditioning, among other items, the report added.

“This will help create new jobs as well as strengthen domestic capacity in advanced technologies, such as AI, cloud computing, and cybersecurity, not just in metro cities but also in Tier-II and Tier-III towns,” an official told Business Standard.

For the June quarter, Anant Raj operationalised a second data-centre facility at Panchkula with a 7 MW IT load. The company has set a target of operationalising 307 MW of data-centre capacity. The release also cites timelines that point to the company achieving its 307 MW target by FY33-34E, subject to fundraising and implementation.

Anant Raj said it forayed into the data-centre sector in 2023 with plans to invest ₹100 billion to build a larger footprint. The company’s reported current operational capacity stood at 6 MW (including 0.5 MW of cloud capacity) before recent additions; it has since commissioned an additional 22 MW, taking the total to 28 MW.

According to ICRA estimates, India’s data center (DC) operational capacity is expected to increase to 2,000-2,100 MW by March 2027 from around 1,150 MW as of December 2024.