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

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.