Data centres developer Gramercy Techpark raises Rs.2,000-Cr from NaBFID

The National Bank for Financing Infrastructure and Development (NaBFID) is extending an INR 2,000 crore loan to Blackstone-backed, Navi Mumbai-headquartered Gramercy Techpark Pvt Ltd for construction of a 120 megawatt (MW) data centre at Mahape.Gramercy Techpark is primarily focused on developing and operating data centers, specifically in the Airoli, Navi Mumbai area, where they are constructing a large data center facility with multiple buildings, catering to the growing need for data storage and processing capabilities in the region.