Debt financing

CapitaLand India Trust gets Rs.1,300-Cr loan from JP Morgan for data centre in Navi Mumbai

Economic Times  

CapitaLand India Trust (CLINT) (formerly Ascendas India Trust) has secured a five-year construction loan of INR 1300 crore from J.P. Morgan India to finance phase 1 development of its data centre in Navi Mumbai. CapitaLand has already started the construction of the data centre which is scheduled for completion by mid-2025. The data centre will have a power capacity of 108 MW. Besides the upcoming one on Navi Mumbai, CLINT has three data centres under development in India.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.