NBCC (India) Ltd., a Navratna PSU, has signed a Memorandum of Understanding (MoU) with RailTel Corporation of India Ltd. for developing data centre projects in India and overseas markets. This partnership is aimed at combining the experience of both firms to cater to the increasing needs of data infrastructure, which plays a vital role in digitalization. Moreover, NBCC has been awarded a work order valued at ₹1.21 billion, further positioning it as an industry leader in infrastructure development.
Key Points
MoU Between NBCC and RailTel
The collaboration will be on the development of data centres in India and overseas, such as Vietnam, Mauritius, the UAE, and African countries.
RailTel will take care of IT-related infrastructure like computing hardware, network systems, security structures, and disaster recovery systems.
NBCC will take charge of civil infrastructure activities such as construction supervision, cost management, quality control, and project handover.
All projects under this MoU will be covered by independent agreements with third-party collaboration provisions.
₹1.21 Billion Work Order Awarded to NBCC
NBCC has just won a work order worth ₹1.21 billion for infrastructure projects.
The company's strong order book stands at over ₹70,000 crore and comprises mega projects in healthcare, education, industrial sectors, and foreign ventures.
India's Expanding Data Centre Market
India's data centre market is projected to grow at a CAGR of 21% to reach 3,400 MW IT capacity by 2030.
Factors driving this growth include increased adoption of cloud computing, IoT applications, AI technologies, and e-commerce expansion.
The partnership between NBCC and RailTel aligns with the country’s vision to enhance digital infrastructure capabilities.
Conclusion
The partnership between NBCC and RailTel is a major milestone towards meeting the increasing demand for advanced data centres in India and the world. With NBCC's new work order of ₹1.21 billion on the side, these developments reflect the company's dedication to promoting innovation and development in infrastructure.
Sources: Indian Masterminds, Economic Times