Digital Edge DC Eyes ₹2,400 Crore Funding for Navi Mumbai Data Center

Digital Edge DC is in advanced talks with domestic and foreign lenders to raise ₹2,400 crore for its Navi Mumbai data center project. Major domestic banks including SBI, Axis Bank, Yes Bank, and NABFID have offered 15-year terms at around 9.2% interest, while foreign lenders like DBS, MUFG, SMBC, and Credit Agricole proposed seven-year terms at 9.9%. The funding will support a 48 MW facility, part of their larger 300 MW hyperscale data center campus. This follows Digital Edge's recent $1.6 billion capital raise earlier this month for its pan-Asian expansion. The project's first phase is expected to complete in Q2 2025.

Source: The Economic Times, January 20, 2025