India · Singapore · Hong Kong · Datacenter Dynamics
Government of Maharashtra, India, signs LoI with AirTrunk for $21bn data center agreement
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The Government of Maharashtra in western India has signed a Letter of Intent with AirTrunk for a data center deal worth 200 billion rupees ($21bn).
Key facts
- Founded in 2018, AirTrunk was acquired by Blackstone and CPPIB for US$16.1bn in 2024 in what was the largest-ever deal in the space at the time
- The Government of Maharashtra in western India has signed a Letter of Intent with AirTrunk for a data center deal worth 200 billion rupees ($21bn)
- The letter pertains to a land allotment at the Raigad Pen Growth Centre, a 1,217-acre smart city located in Pen Taluka, in the state’s Raigad district
- The data center will provide 3GW of IT capacity at completion, according to a post by Devendra Fadnavis, the Chief Minister of Maharashtra
Summary
The letter pertains to a land allotment at the Raigad Pen Growth Centre, a 1,217-acre smart city located in Pen Taluka, in the state’s Raigad district. A Letter of Intent, similar to a Memorandum of Understanding, is a preliminary agreement signed between parties that is non-binding. The data center will provide 3GW of IT capacity at completion, according to a post by Devendra Fadnavis, the Chief Minister of Maharashtra. Founded in 2018, AirTrunk was acquired by Blackstone and CPPIB for US$16.1bn in 2024 in what was the largest-ever deal in the space at the time.