Anant Raj shares ticked 0.43% higher, closing at ₹611.50, after the state of Haryana inked a MoU to prop up its data‑centre ambitions.
The agreement, signed in June 2026, sees Anant Raj committing ₹25,000 crore to build 307 MW of IT load across Manesar, Panchkula, and Rai campuses; the Rai site alone could host about 200 MW.
Orange Business Services will act as a tech partner, supplying cloud‑AI hardware and architecture to help Anant Raj scale its Ashok Cloud platform to international clients.
The move aligns with India’s push to lower capex and operating costs for data workloads, positioning Haryana as a competitive hub; analysts compare the commitment to similar deals in Singapore and the UAE.
With the MoU in place, Anant Raj is expected to unveil guidance on revenue growth for Q4, while investors will watch for the first earnings release in December to see if the capital infusion translates into higher margins.