Univastu India Ltd announced plans to sign an MoU with Sweden’s URBAN Systems Urbs AB to jointly develop advanced data centre projects across Maharashtra. The partnership aims to support the state’s Data Centre Policy by leveraging global expertise, enabling sustainable growth, and strengthening digital infrastructure in India’s data economy.
Univastu India Ltd informed exchanges that its Board was apprised of a proposal to enter into a Memorandum of Understanding (MoU) with Sweden-based URBAN Systems Urbs AB for collaboration in developing world-class data centre projects across Maharashtra.
The strategic partnership aligns with the Maharashtra Data Centre Policy, which promotes digital infrastructure, renewable energy integration, and environmentally sustainable development. The initiative is expected to position Univastu as a key player in India’s accelerating data centre ecosystem.
Notable Updates
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Project scope: Development of hyperscale, edge, colocation, and AI/HPC data centres across the state.
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Sustainability focus: Projects will adhere to ESG standards and promote renewable energy use in line with state policy.
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Global expertise: URBAN Systems Urbs AB will contribute advanced European design, energy-efficient architecture, and facilitate foreign investments.
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Local execution: Univastu India will serve as EPC partner, managing land aggregation, statutory approvals, and on-ground execution.
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Strategic impact: The collaboration is expected to drive long-term growth, technology leadership, and sustainable value creation for the company.
Sources: NSE Corporate Filings, Univastu India Ltd Announcements