Data center firm Colt is reportedly seeking a partner to invest in its Indian roll-out.
Citing people with knowledge of the matter, the Indian Economic Times reports Colt DCS is in advanced talks with local real estate developer RMZ Corp to jointly invest over $1 billion in developing data centers across key Indian cities, starting with Mumbai and Chennai.
Fidelity-backed Colt updated its website back in March 2023 to announce its plans to expand into India with a 10-building campus in Navi Mumbai.
The company then officially announced plans to invest around $750 million in developing data centers in Mumbai and Chennai back in September 2023 with the first phase of the Navi Mumbai campus going live around the same time.
The company then reportedly acquired another 15-acre land parcel in Navi Mumbai’s Airoli, close to its existing operational facility, over the summer.
At full build-out, the Airoli campus will total 40 data halls and 40,000 sqm (430,500 sq ft) of data center white space across a 62,000 sqm (667,000 sq ft) site. The campus was originally planned to have 120MW at full build-out, but Colt DCS is now planning to expand this to 150MW.
Colt acquired 10 acres in the Ambattur area of Chennai, Tamil Nadu, in March 2024. The company aims to deliver an 80MW data center on the site by 2027.
RMZ Corp is a real estate developer in India, specializing in eco-friendly buildings and office spaces. The company first announced plans to move into the data center space last year – with potential developments across Bengaluru, Chennai, Hyderabad, Mumbai, Pune, and the National Capital Region in Delhi.
