Blue Cloud Softech Earmarks $1 Billion to Develop Data Centers; Shares Jump 18%

MT Newswires Live
02/09

Cyber security and digital technology company Blue Cloud Softech Solutions (BOM:539607) plans to invest up to $1 billion in a phased manner to develop an artificial intelligence-native data center and digital cloud infrastructure platform across India, according to a Monday filing to the Indian stock exchanges.

The aims to create a data center capacity of up to 800 MW of data over multiple phases, the first of which is expected to start within the financial year 2026.

This digital infrastructure revenue is expected to generate long-term, recurring, annuity-style revenue for the company, and

help in margin expansion post stabilization through automation and AI efficiency.

The company's shares surged nearly 18% in recent trade.

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