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NaBFID Approves ₹2,000 Crore Loan for Blackstone-Backed Data Centre.

Banking & Finance | Dated: 07 Feb 2025

In February 2025, Mumbai-based National Bank for Financing Infrastructure and Development (NaBFID) announced a ₹2,000 crore loan to Gramercy Techpark Private Limited, a Mumbai-based firm backed by New York-based Blackstone Inc., for establishing a 120 MW data centre at Mahape, Navi Mumbai, Maharashtra.

🎯 Key Highlights:

  • - This marks Gramercy’s second data centre in Navi Mumbai, with construction set to commence in mid-2025.
  • - Data centres play a crucial role in meeting the growing demand for computing and storage infrastructure, driven by the rapid digital transformation of businesses and the increased accessibility of high-speed internet. With enterprises shifting to digital platforms and internet usage rising, the demand for robust data centre facilities has surged.
  • - The advancement of Artificial Intelligence (AI) further accelerates the need for data centres, as AI applications require higher computational power and lower latency compared to traditional cloud computing. This growing reliance on AI-driven technologies is expected to significantly boost data centre expansion in India.

💡 Other Important Facts:

  • (i) Data centre projects are capital-intensive, with an estimated debt-to-equity ratio of 80:20. These projects require highly automated infrastructure, including advanced power and cooling systems, to ensure operational efficiency and scalability.
  • (ii) According to CRISIL Ratings Limited, an estimated ₹55,000 crore to ₹65,000 crore investment will be required over the next three financial years (FYs) to meet India’s increasing data centre demands. The investment will primarily be allocated to land acquisition, building development, power equipment, and cooling solutions.
  • (iii) In February 2025, NaBFID planned to raise ₹5,000 crore via 15-year bonds (7.25%), while PFC raised ₹3,950 crore through 10 & 20-year bonds (7.24%-7.25%), boosting funding for infrastructure and tech development in India.

📚 Test Your Knowledge:

How much loan did NaBFID recently approve for the Blackstone-backed data centre?

Correct Answer: ₹2,000 crore

🚀 Quick Recap:

About National Bank for Financing Infrastructure and Development (NaBFID)

  • Chairman : Kundapur Vaman (K.V.) Kamath
  • Headquarter : Mumbai