IT
TCS announces 1-GW data centre plan with $6.5 billion investment
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IT services company TCS on Thursday announced a massive plan to enter the data centre space with an aim to build up to 1 GW of capacity, which will entail over $6.5 billion in investments.
The Tata group firm will see partial equity investments from financial investors and also funding through debt, according to the company management.
“We have set a target of 1 GW. We will be doing it in phases. We expect to do 1 GW in 5-7 years,” TCS‘ chief executive K Krithivasan said at an investor call after the company announced its September quarter earnings.
As…
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